The slowdown in the oil and gas industry has taken a hit on the nation’s frac sand industry as witnessed by a Texas company’s $215 million devaluation of two of its mines. The Wisconsin State Journal reported it’s another sign of bleak economic conditions facing Wisconsin’s frac sand mining operations. Hi-Crush Inc. last week announced …
Kingfisher County in Oklahoma’s STACK play continues to see extensive drilling operations despite the continued low prices for crude oil. Chisholm Oil and Gas Operating based in Tulsa showed how busy its crews have been in the state as the company reported this week the completions of 8 wells in Kingfisher county. Oil production from …
Baker Hughes, C3.ai, and Microsoft Corp. announced an alliance to bring enterprise artificial intelligence solutions to the energy industry on Microsoft Azure, an industry-leading cloud computing platform. This alliance will enable customers to streamline the adoption of scalable AI solutions for the energy industry that help promote safety, reliability, and sustainability. It leverages the significant energy …
With the fourth quarter underway for Oklahoma City’s Devon Energy, the company’s leadership is moving ahead cautiously, despite third quarter earnings of $109 million or 27 cents a diluted share. Yes, the company made money in the third quarter but Devon is hoping to finish some of its divestiture of certain assets before the end …
Name any energy company and it’s going through what virtually all are doing these days—reorganizing efforts to cut costs and save money. Gulfport Energy in Oklahoma City, a firm that announced this week a 13 percent reduction in its workforce isn’t alone. Chaparral Energy will be down to one drilling rig in 2020. Chesapeake …
Oklahoma City’s Gulfport Energy Corporation announced it is laying off 13 percent of its workforce, suspending its share repurchase program and continuing discounted debt repurchases. In making the announcement, the company described the company’s employment reduction as a “13% reduction in headcount.” “Gulfport’s Board and management team are committed to taking timely and decisive action …
Oklahoma City’s Chaparral Energy, Inc. has been officially warned by the New York Stock exchange that its shares are in low trading and the firm could be removed from the exchange. The company was notified last week that the average closing price of Chaparral Energy’s shares of common stock had fallen below $1.00 a share …
A federal judge in New Mexico has dismissed a lawsuit filed by the environmental group Nuclear Watch New Mexico against the U.S. Department of Energy and its Los Alamos nuclear weapons laboratory. U.S. District Court judge Judith C. Herrera granted summary judgment to Los Alamos National Security, LLC, a firm created in 2006 for the …
Add up what the Big Oil majors are trying to sell as they attempt to end the bleeding from low oil prices and it comes to $27 billion across the world. It’s almost like a gigantic garage sale. Some of the unloading of assets is in New Mexico and West Texas. BP is trying to …
— Amazon already has two fulfillment centers in Oklahoma and now has announced plans for a second center in Mississippi. The one-million square foot DeSoto County operation will create 500 new full-time jobs. ** Montana Public Service Commission Chairman Brad Johnson admits he would have done things differently after issuing a press release about a …