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The Crown Niobrara #1 Joint Venture, Well #1H was spud on September 20th. Please see Field Reports/Weekly Activity for continued information.more
The Crown Shamrock #3 Joint Venture, Well #1H was spud on August 18th. Please see Field Reports/Weekly Activity for continued information.more
July 11, 2008 – World Oil Price hits Historic High The price of oil reached a record high of $147.27 a barrel before dropping back to $145.08. Prices on the New York Mercantile Exchange had peaked at $145.29 a barrel eight days earlier. As supply fears subsided, oil prices fell below $37 a barrel by … Continue reading “This Week in Oil & Gas History”more
January 12, 1926 – Texans patent Ram-Type Blowout Preventer Seeking to end dangerous and wasteful oil gushers, James Abercrombie and Harry Cameron received a patent for a hydraulic ram-type blowout preventer. Petroleum companies embraced the new technology, which the inventors improved in the 1930s. Their concept used rams — hydrostatic pistons — to close on the … Continue reading “This Week in Oil & Gas History”more
December 17, 1884 – Fighting Oilfield Fires with Cannons “Oil fires, like battles, are fought by artillery” proclaimed an article in The Tech, a student newspaper of the Massachusetts Institute of Technology. “A Thunder-Storm in the Oil Country” featured the reporter’s firsthand account of the problem of lightning strikes in America’s oilfields. The MIT article … Continue reading “This Week in Oil & Gas History”more