Oklahoma City Firm Plans to Pioneer Drilling of Two-Mile Horizontal Well
Due to legislation that was part of Senate Bill 867, companies can now begin drilling two-mile long horizontal wells in non-shale rock layers in Oklahoma....
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Hurricane Harvey Creates Pressure On Gasoline Supply
Hurricane Harvey continues to unleash its wrath on the Texas and Louisiana coast, creating serious problems for energy consumers and producers. Since Aug. 25, Harvey’s...
Oil Industry Celebrates Anniversary Of Oil Discovery
America’s petroleum industry celebrates its 158th anniversary on Sunday. The American Oil and Gas Historical Society (AOGHS) reports that Seneca Oil Company hired former railroad...
Texas Petro Index Increases for Eighth Straight Month
On Wednesday, August 23, the Texas Alliance of Energy Producers released their Texas Petro Index (TPI) analysis for July, the results of which showed a...
Texas Oil Producers Driving Oil Markets, Leaving OPEC Confounded
Sizable year-over-year improvements in the rig count, drilling permits, and the value of Texas-produced crude oil and natural gas, along with renewed industry employment growth...
$3.8 Billion O&G Acquisition Organized By Former Anadarko CEO
The former CEO of Anadarko Petroleum Corp James Hackett has returned to the energy industry as a chief executive. Hackett has been serving as the...
Public Schools, Universities Benefit From Oil, Gas Production
Crude oil and natural gas production in Texas has increased dramatically, bringing a flood of new dollars into the Permanent University Fund (PUF) and the...
Continental Resources Ups Production Expectations for the Year
Oklahoma City-based Continental Resources Inc. reported their 2017 second quarter financials on August 8, 2017 and updated their guidance for the remainder of the year....
EIA Forecast and OPEC Meeting Move Oil Price
The oil market continues to experience price volatility as shifting variables test investors’ fortitude. An August 8 OPEC meeting and the Energy Information Administration’s (EIA)...
Industry Recovery Continues But Can It Last?
Even though there have been some bumps along the way, the oil and gas industry in Texas has been on a slow, methodical road to...