THE BEGINNING Oklahoma and oil and gas have been synonymous since the late 1800’s. Oklahoma is in the heart of the Mid-Continent...
Since the Homestead Act of 1862 and the Dawes Act of 1887, property in Oklahoma owned by individual Native Americans and Tribes...
US Rig Count Surges +20 November 20, 2016 ~ Energy Update Global oil production is still too high relative to demand. Oil prices remain...
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Chesapeake Energy Files $445 Million Dollar Claim Against McClendon Estate After almost 8 months when Oklahoma energy leader Aubrey McClendon was killed...
U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since December 2023, energy services firm Baker Hughes said in its closely followed report on Friday.
The total oil and gas rig count, an early indicator of future output, rose by two to 588 in the week to February 14.
Despite this week's rig increase, Baker Hughes said the total count was still down 33 rigs, or 5% below this time last year.
Baker Hughes said oil rigs rose by one to 481 this week, while gas rigs gained one to 101.
The oil and gas rig count declined by about 5% in 2024 and 20% in 2023 as lower U.S. oil and gas prices over the past couple of years prompted energy firms to focus more on paying down debt and boosting shareholder returns rather than raising output.
Top oilfield services provider SLB is restructuring certain business functions and expecting more job cuts, according to a source familiar with the matter and an internal email seen by Reuters.
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