Energy workers at oil and gas drilling sites and those at wind farms in Oklahoma dodged severe weather on Monday as a massive storm system produced up to 15 tornadoes. A large twister struck near Mangum in the southwest and caused damage to some homes, but no injuries were reported. Funnels were sighted near Clinton …
Four earthquakes have been confirmed in the Eagle Ford Shale of South Texas in the past two weeks. The strongest were 3.1 magnitude, according to the U.S. Geological Survey. The latest measured 2.5 magnitude and struck on Saturday with an epicenter about five miles east of the Gonzales County town of Smiley. No damage was …
The Fort Worth-based Trinity Industries announced that its subsidiary TrinityRail Maintenance Services Inc. is investing $60 million in a 230 acre site for a rail maintenance operation in northern Iowa. The operation will be in the small town of Shell rock, Iowa and will eventually hire 250 workers. The company said that upon completion, the …
ConocoPhillips announced its second quarter 2019 financial results will be the focus of a conference call webcast at the end of July. The conference call is set for Tuesday, July 30 at 11 a.m. Central Time where company leaders will discuss the results. The 2nd quarter report will be released before the market opens on …
The leader of Tulsa’s WPX Energy will be a speaker next month at the 2019 J.P. Morgan Energy conference. The conference is by invitation only as WPX Energy President and CEO Clay Gaspar will speak in New York. The conference will be held June 18 and 19 and Gaspar will speak on Tuesday, June 18 …
Legislative leaders have agreed to boost state savings in a move that drew support from the oil and gas industry’s association in Oklahoma. The Joint Committee on Appropriations and Budget gave a “do pass” recommendation to the full legislature for Senate Bill 1072 which will ensure the state’s Revenue Stabilization Fund. “Because the state is …
Newfield Exploration filed 8 completion reports this week showing well production in Kingfisher County at two separate pad sites. Three Lucky Dog wells were produced 2 miles north of Okarche and one mile west of highway US 81. The wells had spud dates in August of 2018 with completion in October 2018. The Lucky Dog …
Xcel Energy, the Minnesota based energy company with transmission line operations in Oklahoma’s Panhandle announced plans to retire its last two coal plants in the Upper Midwest. The company said the closings will occur a decade earlier than scheduled. Xcel Energy said the acceleration of the coal shutdowns is another milestone in the company’s clean …
Gasoline prices have dropped as much as six cents a gallon in some states while in Oklahoma, they remained the same in the past week. Oklahoma’s average stayed at $2.56 a gallon while some counties saw much cheaper prices. Nowata in northeastern Oklahoma has the lowest average at $2.44 a gallon. The average in nearby …
ExxonMobil’s carried out study on the economic benefits for the state of New Mexico because of the company’s development of wells in the Permian Basin. The company estimates benefits will be nearly $64 billion over the next 40 years as thousands of jobs will be created and money will go toward education, health and human …