February 5, 2016 archive

Nabors Industries Hit with Fitch Ratings Downgrade

Another energy company with big Oklahoma ties is facing its share of economic problems. Nabors Industries, Ltd., with offices in Oklahoma City and Woodward, is being downgraded by Fitch ratings on its Long-term Issuer Defaulting Rating from ‘BBB’ to ‘B…

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Oil Tax Said to be ‘Dead on Arrival’

President Obama wants to take another swing against the U.S. oil and gas industry by imposing a $10 fee on every barrel of domestic oil produced in the country. As The Oklahoman’s Chris Casteel reported on Friday, it will be part of the President…

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Oil Tax Said to be ‘Dead on Arrival’

President Obama wants to take another swing against the U.S. oil and gas industry by imposing a $10 fee on every barrel of domestic oil produced in the country. As The Oklahoman’s Chris Casteel reported on Friday, it will be part of the President’s bud…

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Another Oklahoma Oil Exploration Company Files Bankruptcy Protection

With more than $42 million in liabilities, the exploration and production company Osage Exploration and Development Inc. filed for Chapter 11 bankruptcy protection this week in federal court.
The company announced the filing on its website, stat…

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Another Oklahoma Oil Exploration Company Files Bankruptcy Protection

With more than $42 million in liabilities, the exploration and production company Osage Exploration and Development Inc. filed for Chapter 11 bankruptcy protection this week in federal court.
The company announced the filing on its website, stating, “…

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Helmerich and Payne in Tulsa Layoffs of 3 Dozen workers

The latest energy sector layoffs in Oklahoma occurred this week at Helmerich and Payne operations in Tulsa where 40 workers were let go out of the Tulsa workforce of about 500. Worldwide, Helmerich and Payne had more than 6,700 employees.
A comp…

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Helmerich and Payne in Tulsa Layoffs of 3 Dozen workers

The latest energy sector layoffs in Oklahoma occurred this week at Helmerich and Payne operations in Tulsa where 40 workers were let go out of the Tulsa workforce of about 500. Worldwide, Helmerich and Payne had more than 6,700 employees.
A company an…

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Crude Prices Settle Lower on Thursday as Doubts Rise over Production Cuts

Traders pushed oil lower as new doubts over production cuts emerge on Thursday. March West Texas Intermediate crude lost 56 cents to end trade at $31.72 a barrel on the New York Mercantile Exchange. Brent crude slipped 58 cents. The London ICE Futures …

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