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OIPA News - Crude oil

Online bidding available for OIPA service auction

May 23, 2014

The OIPA's Oilfield Services Fundraising Auction is going online, giving all association members the opportunity to participate in the OIPA's single largest fundraising event of the year. Full Story >>

Sound policy will help smooth out ebbs, flows of oil market

December 03, 2018

Since their recent peak on Oct. 3, Oklahoma crude oil prices have plunged 33 percent as better-than-expected growth in U.S. crude oil inventories and the OPEC countries’ ambiguous plan to cut production have pushed oil prices down. Full Story >>

Things are looking up

January 07, 2010

Industry and market research firm IBISWorld recently identified the best-performing industries for 2010 and oil and gas production made the list. Full Story >>

L.A. oil

November 23, 2009

Oil flows beneath Los Angeles, but few people realize how close they are to the urban drilling. Full Story >>

Popeye the drilling engineer?

November 19, 2009
TOPICS: Crude oil

While we're in the 60s, here's Popeye proving that success in the oilfield is sometimes the result of a little luck and a lot of brute strength. Full Story >>

Are we running out of oil?

November 10, 2009
TOPICS: Crude oil

An unnamed source in an English newspaper says the International Energy Agency has underplayed a looming shortage of crude oil. Full Story >>

North Dakota moving up

October 29, 2009
TOPICS: Crude oil

U.S. Energy Department data says North Dakota has surpassed Louisiana as the fourth-largest oil-producing state in the nation. Full Story >>

Energy opinions offered

October 19, 2009

In The Oklahoman's editorial pages, a pair of energy experts weighed in on the issues facing the state's oil and natural gas producers. Full Story >>

Oil prices going up?

October 07, 2009
TOPICS: Crude oil

Boone Pickens, the CEO of BP Capital and notorious OSU supporter, says oil prices will continue to climb. Full Story >>

Study: Oil and gas really important

September 10, 2009

A new study released this week points out the obvious, saying the oil and natural gas industry is really, really important to the United States.
Full Story >>

Betting on oil

September 02, 2009
TOPICS: Crude oil

Prominent peak oil expert Matthew Simmons may be on the losing end of a bet he made on the price of oil in 2010. Full Story >>

Sullivan criticizes energy report

August 13, 2009

U.S. Rep. John Sullivan has criticized a recently-released report that claims Oklahoma is one of 10 states not currently working toward reducing its dependency on oil. Full Story >>

Is an oil crunch looming?

August 03, 2009
TOPICS: Crude oil

The International Energy Agency says global oil production is likely to peak in 10 years — a decade earlier than most governments estimate. Full Story >>

OIPA represented at crude oil hearing

July 29, 2009
TOPICS: OIPA, Crude oil

Members of the Oklahoma Corporation Commission were told an increased flow of crude oil into Cushing could have a major impact on Oklahoma producers, and OIPA leaders spelled out the potential problem during a special meeting called by Commissioner Jeff Cloud. Full Story >>

Past their peak?

July 24, 2009
TOPICS: Crude oil

Only 14 of the 54 oil producing nations in the world are still increasing their oil production. Full Story >>

CEOs offer differing views

July 22, 2009

The CEOs of two of the largest oilfield service companies in the country offer slightly differing views on the near future of the industry. Full Story >>

Ups and downs remembered

July 13, 2009
TOPICS: OIPA, Crude oil

One year ago, crude oil prices reached a historic high. Market volatility followed, and the ups and downs of the crude oil market over the past year has proven difficult for producers. Full Story >>

OPEC: Recession crimps crude demand

July 08, 2009
TOPICS: Crude oil

OPEC says the drop in crude oil demand worldwide will take four years to recover. Full Story >>

Global oil demand expected to drop

July 02, 2009
TOPICS: Crude oil

The International Energy Agency says global demand for crude oil over the next five years will be lower than previously forecast. Full Story >>

OPEC decision good news for Oklahoma

November 30, 2016

Reports that OPEC has agreed to its first reduction in crude oil production since 2008 is good news for Oklahoma, Oklahoma Independent Petroleum Association President Mike Terry said today. Full Story >>

Laredo's Foutch speaks to Wildcatters

November 03, 2016

Laredo Petroleum founder, chairman and CEO Randy A. Foutch spoke to the OIPA’s Wildcatters Wednesday Luncheon in Tulsa on Nov. 2. Full Story >>

Daryl Hannah doesn't like you

August 30, 2011
TOPICS: Crude oil

Daryl Hannah was arrested outside the White House while protesting against Keystone XL, the planned oil pipeline that would run from Canada to Texas and offer some relief to the current crude oil glut at Cushing. "We want to be free from the horrible death and destruction that fossil fuels cause, and have a clean energy future," said the star of the 1984 classic "Splash." She was arrested alongside other activists from Tar Sands Action, who've been staging sit-ins in front of the White House for weeks.
Full Story >>

Oil takes page from shale gas notebook

August 23, 2010
TOPICS: Crude oil

The shale gas revolution continues, and crude oil producers, including former OIPA Chairman Harold Hamm, are trying to recreate that success in order to unlock billions of barrels of oil locked in sedimentary rock. Full Story >>

Global oil demand expected to rise

August 12, 2010
TOPICS: Crude oil

The International Energy Agency says global oil demand will increase by 2.2 percent this year, and continued growth is expected in 2011. Full Story >>

North Dakota passes Oklahoma in drilling activity

August 02, 2010

Activity in the Bakken Shale helped North Dakota overtake the Sooner State as the third-most active state in drilling for oil and natural gas. Full Story >>

IOGCC conference coming to Oklahoma City

August 01, 2015

The Interstate Oil and Gas Compact Commission’s Annual Conference will come to Oklahoma City Sept. 27-30 to celebrate its 80th anniversary. Full Story >>

Gas prices may have peaked

May 18, 2010
TOPICS: Crude oil

After analysts repeatedly said gasoline prices would pass the $3 mark this summer, it now appears fuel prices along with crude oil prices have peaked. Full Story >>

Oil and Gas Roundup — May 11

May 11, 2015

A roundup of oil and natural gas industry news from around the state, nation and world:
Oklahoma drilling rig count drops by six to 102
Natural gas rises to seven-week high as warmer weather boosts demand
Scientists dispute theory linking hydraulic fracturing to earthquakes
Colorado health officials debunk Lung Association’s ozone ‘Report Card’
Costs are dropping in the Eagle Ford, producer says
UK election results: good for shale gas, bad for onshore wind Full Story >>

Spill doesn't stop need to drill

May 03, 2010
TOPICS: Crude oil

New York Times energy correspondent Jad Mouawad says offshore drilling will not be slowed by the recent spill in the Gulf because the country needs the oil and the jobs. And don't forget the fact that most new oil discoveries lie deep beneath the world's oceans. Full Story >>

Cushing storage causing contango

April 27, 2010
TOPICS: Crude oil

Cushing oil storage tanks are all but overflowing, and storage costs have soaring to the highest level in four months. Full Story >>

Will TransCanada build a pipeline to Beijing?

April 13, 2010
TOPICS: Crude oil

Forget Tulsa and Houston, Alberta and Beijing are becoming the new oil capitals of the world. Chinese companies are investing heavily in Canada's oil sands as crude prices move upwards and Asia's most-populated country searches for new energy sources to fuel its growth. Full Story >>

Will the Keystone pipeline really be 'open for business'?

April 13, 2010
TOPICS: Crude oil

Bowing to political pressure in North Dakota and Montana, TransCanada executives said they will consider letting oil producers there into the Keystone XL pipeline. Full Story >>

Crude oil shortages expected

April 12, 2010
TOPICS: Crude oil

The U.S. military says the world will face serious oil shortages by 2015 in a Joint Operating Report from the US Joint Forces Command. Full Story >>

Say what? Study says climate laws needed to reduce gasoline prices

March 19, 2010
TOPICS: Crude oil

The Natural Resources Defense Council has investigated gasoline prices and determined Oklahoma residents are vulnerable to increased gasoline prices. Their answer to fix the problem, stringent climate and energy legislation that would all but end the use of crude oil as a source of transportaion fuel. Full Story >>

Independents take aim at oil shale

March 18, 2010
TOPICS: Crude oil

Gas-rich shales have been the recent focus of independent producers, and the expertise gained from gas production in the shale is now being used to drill for oil locked in similar formations. Full Story >>