In a move to cut $100 million from its overhead, Pioneer Natural Resources laid off 230 workers this week. The layoffs happened at the corporate offices in Irving, Texas and the Permian Basin. They came after another 300 workers took earlier buyouts. Seventy of the layoffs happened in the Permian while 160 corporate employees were …
This week’s flooding in Oklahoma is a repeat of what happened 33 years ago when 30,000 people were evacuated from 25 towns in the state. Heavy rains were caused by the flow of moisture from Hurricane Paine into Oklahoma. The 1986 flood not only forced evacuations but a swollen Cimarron River left the I-35 bridge …
A measure sent to Gov. Kevin Stitt this week might help those in the energy industry learn more easily how affecting state agencies are spending money. For instance, how much money is spent by state regulators regarding rules and regulations of the oil and gas industry. The Senate approved Senate Bill 1 which creates the …
The $8.1 billion budget approved by the Senate on Tuesday and sent to Oklahoma Gov. Kevin Stitt includes money for rural Oklahoma, areas where the state’s oil and gas industry drills for new energy. The budget includes $500,000 to fund a public-private partnership to maintain clean water in Northeast Oklahoma and areas with high poultry …
New filings with the Securities and Exchange Commission show the compensation received by directors of Chesapeake Energy following their election at the recent shareholders meeting. Thomas L. Ryan received 114,108 shares while R. Brad Martin received 219,918 shares. The shares given to Scott Gieselman totaled 110,358 while director Merrill A. Miller Jr. received 109,959 shares. Gloria …
Tulsa’s Unit Petroleum scored a large well in the SCOOP with daily oil production of nearly 1,500 barrels. In a completion report filed this week, the company indicated the Schenk Trust #2-17HXL drilled at 17 6N 8W or about 6 miles southwest of Chickasha had production of 1,466 barrels of oil a day along …
Oklahoma City is the site where members of the Oklahoma Chapter of the National Association of Royalty Owners will gather tomorrow and Friday for their annual convention. Business author Greg Zuckerman, a special writer at the Wall Street Journal will be a keynote speaker Wednesday morning. A three-time winner of the Gerald Loeb award for …
After being scolded by the Oklahoma Supreme Court for denying Universal Service Funding to an independent telephone company, state regulators might have more to say about the subject on Wednesday. The Corporation Commissioners plan a discussion at their regular meeting of requests for Universal Service funds requests by Dobson Telephone Company and Medicine Park Telephone …
Oklahoma’s number one water field provider in the oil and gas industry, Bison Solutions just got larger with the purchase of Cobalt Environmental Solutions, a Texas based company that operates in the Anadarko basin of Oklahoma. Just last year, Bison closed on a deal to buy S and S Star Water Solutions for an undisclosed …
Scientists now say some studies claiming the increase in oil and gas activities over the past several years did not result in a large jump in methane emissions. The scientists are none other than those at the National Oceanic and Atmospheric Administration and the University of Colorado Boulder. Their new study says methane emissions from …