A showdown in the west will take place Tuesday in Denver over the Trump administration’s efforts to revamp the National Environmental Policy Act, changes that environmentalists consider harmful. The Environmental Protection Agency will hold a hearing at its regional headquarters in Denver on a plan to speed up commercial development in the White River National …
A new SEC filing by Chesapeake Energy shows New Jersey investment firm BlackRock Inc. owns 5.9% of the company’s shares. In a Monday filing with the Securities and Exchange Commission, Chesapeake indicated BlackRock owned 109,823,799 shares in what was described as sole voting power. The number of shares in dispositive power is 115,006,166 shares.
Oklahoma has marked the fifth straight month of declines in revenue from gross production taxes on oil and gas. Oklahoma Treasurer Randy McDaniel says it’s another indication of what the oil and gas industry slowdown is doing to the state’s revenues. Gross production taxes on oil and natural gas generated $88.3 million in January, a …
A seven percent increase in earnings was reported by National Oilwell Varco, Inc. in the fourth quarter of 2019 compared to its third quarter financial earnings but the company also experienced a loss of $385 million. The Houston company, a firm that operates in Oklahoma, said its fourth quarter revenues totaled $2.28 billion, up from …
New photos show the damage from Saturday morning’s blast at a Chesapeake Energy-owned site on Sandy Point Road. Oklahoma City-based Chesapeake Energy is dealing with another oilfield incident in Texas. This time, a storage tank explosion occurred Saturday morning in Brazos County but no injuries were reported. KBTX …
While the North American rig count held steady over the past week, the number of rigs active in Oklahoma dropped. Oklahoma’s county fell by three to 50 working oil and gas rigs. A year ago, there were 120 rigs reported in the state, according to the Baker Hughes Co. The national count remained unchanged at …
** Six American oil executives under house arrest in Venezuela were rounded up by police hours after President Donald Trump met Venezuelan President Nicolás Maduro’s chief opponent at the White House, according to family members of the men. Alirio Zambrano said early Thursday that the executives of Houston-based Citgo were abruptly taken from their homes last night …
Tulsa-based Matrix Service Company reported a $28 million loss in the second quarter of its fiscal year and as a result, the company’s stock price dropped 35% on Wall Street. Revenue for the second quarter totaled $318.7 million compared to $340.6 million a year earlier. The loss amounted to $1.04 per share compared to earnings …
A transmission line to bring electricity powered by wind farms in eastern Colorado became operational this week providing electricity for the Denver area. Xcel Energy, the largest utility in Colorado announced completion and energization of the 345-kilovolt Pawnee-Daniels Park transmission line located near Brush, Colorado. The Pawnee-Daniels Park transmission line runs 125 miles between the …
The growing list of investors hesitant to put their money into the oil and gas industry now includes Energy Capital Partners LLC. The New Jersey based firm, with investments in crude oil pipelines and rail systems that feed the Cushing storage farm is pausing new pipeline deals, according to a Bloomberg report. The private-equity firm’s …