Oklahoma oilman Harold Hamm isn’t the only one predicting a rebound in the oil and gas industry in the coming months. So does Deutsche Bank analyst Chris Snyder, who according to Barron’s, believes stocks have bottomed out and will rise in 2020. Snyder especially believes the U.S. shale exploration, of which Oklahoma is a …
When Harold Hamm speaks, those in the oil and gas industry listen and they listen carefully. The founder and President of Oklahoma City’s Continental Resources had some advice Wednesday at the Hart Energy DUG conference in Oklahoma City on how to survive in the oil and gas downturn. “You have to have a great deal …
Four wells on a single pad near Union City, Oklahoma are producing more than 2,100 barrels of oil a day for Oklahoma City’s Roan Resources. The company filed completion reports this week showing the combined production of the four wells is 2,145 barrels a day. Located at 5 10N 7W or about two miles southwest …
** California Gov. Gavin Newsom cracked down on oil producers Tuesday, halting approval of hundreds of fracking permits until independent scientists can review them and temporarily banning new wells using another drilling method that regulators believe is linked to one of the largest spills in state history. ** A ballot committee seeking to ban hydraulic fracturing in Michigan continues …
Oklahoma Gov. Kevin Stitt added his support this week to calls by some in Congress to prevent states from using the Clean Water Act to block energy projects. He told the U.S. Senate Environment and Public Works Committee that states should not be allowed to “politicize” the Act and “harm the assets of other states.” …
New Mexico became the newest member this week of the Western States and Tribal Nations natural gas initiative. WSTN is an international initiative led by sovereign tribal nations, states and counties, and demonstrates that seeking a balance between energy and environmental goals can be a bipartisan effort. “The Energy, Minerals and Natural Resources Department …
A leak of chlorine gas over the city of Atchison, Kansas in the fall of 2016 has led to a guilty plea by MGP Ingredients Inc. and its agreement to pay a $1 million fine for violating the Clean Air Act. MGP Ingredients is a manufacturer of food, alcohol and cleaning products and was the …
Fort Worth’s Approach Resources is the latest oil and gas firm to file for bankruptcy. Company leaders also indicated they will consider options including a restructuring of the balance sheet and possible sale of the firm. The firm’s chapter 11 filing was made Monday as Approach became the latest oil and gas drilling company to …
Not only was SandRidge Energy Inc.’s SandRidge Mississippian Trust 1 delisted from the New York Stock Exchange as OK Energy Today reported this week. So was the Oklahoma City-based company’s SandRidge Mississippian Trust II removed from trading. It leaves only one other SandRidge Trust still traded on the exchange. The SandRidge Permian Trust has not …
Kansas City-based Compass Minerals International, Inc. announced it intends to offer, subject to market conditions and other considerations, $500 million in aggregate principal amount of new senior notes due 2027 in a private offering. The Notes will be senior unsecured obligations of Compass Minerals and will be guaranteed by certain of its domestic subsidiaries. Compass …