The spread of the coronavirus has affected oil and gas markets as investors are selling off their industry shares. But not all oil and gas companies are seeing a downturn. On Friday, West Texas Intermediate crude futures plunged more than 6% before they recovered slightly. Futures on WTI were down 4.6% to $44.92 at midday, …
March 1, 2020 archive
Oil and gas leaders challenge Democratic Presidential candidates in New York Times ad
More than 50 oil and gas industry leaders including Harold Hamm of Oklahoma City-based Continental Resources responded to Democratic Presidential candidates and their criticism of the industry with a New York Times full-page advertisement. Bryce Conway, President and CEO of Weatherford-based Flex-Chem Corporation, an advertiser on OK Energy Today, also was among the 54 executives …
Judge cancels oil and gas leases on federal lands
A federal judge in Idaho has cancelled more than $125 million in oil and gas leases on public lands that are home to the declining bird species greater sage grouse, a bird that once thrived in Oklahoma, in a ruling that said the Trump administration illegally curtailed public comment. The ruling doesn’t prevent the administration …