As Oklahomans in the House split their votes on the recent $1.4 trillion spending package that was eventually signed by President Trump, it also proved to be a win for biodiesel and renewable diesel industries. Those getting a lump of coal for Christmas? Small-scale solar and electric vehicles. They were among the losers for tax …
Tulsa’s Unit Corporation is the latest Oklahoma oil and gas company to get a delisting warning from the New York Stock Exchange because of low trading prices. Unit announced Monday that it was notified on Dec. 19 by the NYSE that the average closing price of the company’s shares of common stock had fallen below …
Chaparral Energy, the company that sold its headquarters in Oklahoma City amidst growing financial challenges is now under new leadership in what might be considered a shakeup as a new President is named and two new directors are added to closely monitor how the company emerges. The company’s board of directors announced early Monday that …
While Oklahoma City’s Gulfport Energy Corp. announced the recent divestiture of $100 million in water infrastructure assets, it also filed suit against Stingray Pressure Pump LLC, a wholly-owned subsidiary of Mammoth Energy Services, Inc. The lawsuit is believed to be an effort by Gulfport to continue efforts to rid itself of financial obligations and more …
A federal judge in Montana has rejected the Trump administration’s move to have a lawsuit dismissed that challenged the proposed Keystone XL oil pipeline from Canada. In doing so, the judge allowed Native American tribes to clear their first serious challenge in their lawsuit to block the government’s permit for the pipeline.The tribes claim that …
A New Mexico federal judge has ruled against the environmental group WildEarth Guardians in its efforts to stop repairs to a southern New Mexico dam on grounds the repairs endangered three wildlife species. Chief U.S. District Judge William P. Johnson ruled against the group’s request for a summary judgment in its lawsuit against the U.S. …
** Phillips 66 executive management will host a conference call webcast at noon EST on Friday, Jan. 31, to discuss the company’s fourth-quarter 2019 financial results, which will be released earlier that day, and provide an update on strategic initiatives. ** Columbia Gas proposes building a $135 million natural gas pipeline through central Ohio. ** PG&E CEO Bill Johnson tells …
Recent completion reports on file with the Oklahoma Corporation Commission show Oklahoma City-based Stone Creek Operating LLC completed a third Koopa well northeast of Dover with production of 1,709 barrels of oil a day. The company had completed two previous Koopa wells in August of 2018. The latest, Koopa 23 O5h was completed in …
With the loss of hundreds of oil and gas industry workers, Oklahoma’s jobless rate inched up slightly in November, reaching 3.4 percent. The new rate represented an increase of 0.10 percent from October 2019 and 0.3 percent from November of 2018, according to the Oklahoma Employment Security Commission. At least 62,613 Oklahomans out of the …
The nation’s rig count saw a dramatic improvement in the past week as the numbers soared by 14 to reach 813 active oil and gas rigs, according to figures from Baker Hughes. At the same time, Oklahoma’s count increased by one to reach 51 rigs. Nationally, the increased included 18 more oil rigs to …