Executives at Denver’s Liberty Oilfield Services Inc. have implemented a salary reduction plan—they’re taking a pay cut amidst the oil price war. Management members voluntarily requested a base salary reduction effective April 1, 2020. “I am very proud of the dedication of our employees in this unprecedented environment. As leaders of this organization, …
Noble Energy, Inc. in Houston has sliced $500 million from its 2020 capital expenditure list which amounts to about 30% of its original budget. The company stated that its remaining capex is in a range of $1.1 to $1.3 billion for the year. Noble Energy has also identified more than $50 million in reductions through …
Kansas City-based Tallgrass Energy, LP, through its affiliate Tallgrass Pony Express Pipeline, LLC (“Pony Express”), announced that due to continued interest in its Carpenter Expansion it is launching a supplemental open season to solicit binding shipper commitments for crude oil transportation from a new origin near Carpenter, Wyo., to Pony Express destinations in Colorado. …
** A federal judge has dismissed two of the Trump administration’s key arguments against California’s cap-and-trade agreement with Quebec. ** A federal nuclear regulator approves a nuclear waste storage facility near Carlsbad, New Mexico, finding a minimal impact on the environment despite concerns raised by opponents. ** A Wyoming bill requiring oil, gas, coal, and uranium producers to pay taxes on a monthly basis cleared …
Tulsa’s Mid-Con Energy Partners, LP took some drastic actions in 2019 to do something about losses and as a result slashed losses in 2019, going from $18.3 million in 2018 losses to $599,000 last year. The 2018 losses amounted to 74 cents a share while the 2019 losses were only 17 cent per unit, all …
Despite the dramatic plunge in oil prices, the U.S. oil and gas rig count dropped only one to 792 in the past week while Oklahoma remained steady with a count of 46 active rigs. However, the rig counts were also obtained as oil prices plummeted and companies started making cuts in capex for 2020. It …
Preliminary work has started on the route of the proposed Keystone XL oil sands pipeline in Montana, while those fighting the project wait for a federal judge’s ruling to block the line. TC Energy, based in Canada said equipment began moving to the site in the past few days and crews will begin mowing and …
AARP Oklahoma State Director Sean Voskuhl and AARP Oklahoma State President Joe Ann Vermillion presented Oklahoma Corporation Commissioner Todd Hiett with the AARP Oklahoma Consumer Champion award on Wednesday, March 11, 2020. AARP Executive Council members Wayne Blackmon, Teewanna Edwards, Mary Ann Morris, Modina Allen and Mary Overall were also in attendance to honor …
Devon has cut its cap-ex amidst the oil price war. So has ONEOK and Murphy Oil and Dallas-based Matador Resources. More companies are making similar moves. Others in the oil-rich Permian Basin are following suit as oil tumbled into the $30 to $31 a barrel range. Some observers say most companies will likely go into …
Oil and gas regulators in Colorado are seeking an $18 million fine against Kerr McGee, a subsidiary of Anadarko Petroleum which was later bought by Occidental Petroleum and accused in a 2017 explosion that killed two men and burned a woman in Firestone, Colorado. Occidental stands accused of failing to follow state laws for pipeline …