Kimray, an Oklahoma City-based manufacturer, has a new agreement with Gemini Enterprises Inc. of Houston, Texas to distribute Kimray’s well-known lines of regulators, control valves, glycol pumps and liquid level controls in Turkey. Kimray made the announcement Monday. “Gemini’s heart to serve the customer was evident in our travels together to Turkey,” said Jacob Jennings, International Business …
ConocoPhillips has gone to court in Alaska filing suit against its former senior drilling and wells planner and a small group of co-conspirators for allegedly embezzling nearly $7.3 million. Alaska Public Media reports one of the alleged co-conspirators is an Anchorage police officer. The filing is a civil complaint, mostly based on an investigation by Conoco. …
Democratic candidates for President think the Federal Energy Regulatory Commission is too pro oil and gas. So some have targeted FERC to make it more pro-climate change active. POLITICO’s Morning Energy Report pointed out how some of the candidates want to overhaul the independent regulator of pipelines and power markets. FERC TO FREC? FERC — an …
Harold Hamm and his Continental Resources Inc. no doubt liked the news out of North Dakota that the state’s oil production hit a new milestone of 1.5 million barrels a day. After all, Hamm was a pioneer in massive oil production in the Bakkens of North Dakota. “It should be a very happy holiday for …
Kansas City’s Evergy is under orders from Missouri regulators to run a one year $15 million pilot program using a “Pay as You Save” concept. The new program will not require borrowing, upfront payments or credit checks. The program is expected to help put energy conservation within reach of renters and people with low incomes …
Hard feelings still exist in the biofuel industry against the oil and gas industry over the U.S. trade war with China and the shutdown of 13 ethanol plants since November 2018. Corn growers blame the decline in the biofuel industry on the Trump administration’s expansion of waivers to exempt smaller oil refineries from blending …
Tulsa-based WPX Energy has expanded its holdings in the Delaware Basin of Texas with the $2.5 billion purchase of Felix Energy. The move will give WPX Energy an estimated 1,500 undeveloped locations to drill in the eastern part of the basin and production is expected to be nearly 60 MBoe/d of which 70% would be …
Tulsa’s Unit Corporation is extending the expiration date of its previously announced note exchange. “We are extending the Expiration Date of the Exchange Offer. The Expiration Date was previously 11:59 p.m., New York City time, on Friday, December 13, 2019 and will now be 11:59 p.m., New York City time, on Friday, January 10, 2020, …
A rare few oil wells in Oklahoma can singly produce more than 4,000 barrels a day. Sister wells yes, as OK Energy Today reported last week in the STACK. But the top-producing oil well in the Permian Basin in Texas has an estimated six-month average production of 4,135 barrels of oil a day. For six …
The slowdown in the oil and gas industry in Oklahoma caught the attention of the Federal Reserve Bank of Oklahoma which stated the downturn appears to be affecting economic growth in the state overall. In the Bank’s latest edition of “Oklahoma Economist“, the Bank indicated that of all Oklahoma’s industries, the “biggest drop in activity …