The number of rigs working onshore in the Lower 48 U.S. states during the week ending Nov. 17, rose for the second consecutive week after five straight week-to-week drops, oilfield services firm Baker Hughes, a GE company, reported.
The U.S. Geological Survey, in a new report, estimates that 40 million pounds of uranium remains as undiscovered resources in the Southern High Plains of Texas, New Mexico and Oklahoma, Kallanish Energy reports.
Devon Energy has announced that it has brought online a high-rate Lower Meramec oil well in Oklahoma’s STACK play, Kallanish Energy reports. The Faith Marie 1-H well achieved a peak 24-hour rate of 5,100 oil-equivalent barrels per day.
Houston-based natural gas exporter Cheniere Energy last week continued its efforts to gain support for its $1 billion Midship Pipeline, designed to flow Oklahoma natural gas to Cheniere’s Sabine Pass liquefied natural gas terminal in west Louisiana, where it will be exported.
Crude oil/natural gas logistics company NGL Energy Partners said Thursday it’s signed a deal with a BlackRock affiliate, in partnership with Navigator Energy Services, to sell its 50% interest in Glass Mountain Pipeline LLC for $300 million.
Houston-based EOG Resources reported a third quarter net income of $100.5 million or 17 cents a share. That compares to a net loss of $190.0 million or 35 cents a share in 3Q 2016, Kallanish Energy reports.
Led by an eight-rig drop in Oklahoma, the number of rigs working onshore last week in the Lower 48 U.S. states dropped by double digits, oilfield services firm Baker Hughes, a GE company, reported Friday.