Iowa’s leaders have a different view of the ethanol policy than those in Oklahoma. In wake of a Denver federal appeals court ruling directly affecting a southern Oklahoma small refinery, Oklahoma leaders urged the President to consider an appeal. But this week, Iowa Gov. Kim Reynolds lobbied the President and his administration not to appeal …
Wichita-based Textron Aviation has signed a 20-year agreement with utility provider Evergy to receive 55 megawatts of power for its two Kansas plants in Independence and Wichita from a new wind farm under construction in Manhattan, Kansas. The Soldier Creek Wind Farm will generate 300 MW and is expected to be operational by the …
One of the Permian Basin operators says it too is cutting capital expenditures and drilling activity because of the plunging oil prices. Word came from Matador Resources Company which indicated its drilling efforts will be cut in half for the rest of 2020. Executives are also taking cuts in pay. The company said it will …
ALLETE Clean Energy has expanded its holdings of wind energy projects in Oklahoma by buying the 303 megawatt Caddo Wind farm in the western part of the state. The Minnesota-based company made the purchase from Apex Clean Energy and plans to sell power to three Fortune 500 customers to be announced at a later date. The …
Murphy Oil Corporation based in El Dorado, Arkansas has joined other oil and gas firms in cutting its capital expenditures for the rest of the year because of the massive drop in oil prices. It’s cut the 2020 budget by 35% and layoffs are being made in Texas. The company announced Thursday it had …
The oil crisis has prompted Oklahoma City’s Devon Energy to cut its capital expenditure budget for 2020 by nearly 30 percent. And it means less activity in the STACK. The company announced Thursday it initiated an immediate decrease of $500 million from the full-year 2020 budget. The revised capital budget is now approximately $1.3 billion. …
Panhandle Oil and Gas Inc. confirmed this week the resignation of Robb P. Winfield, the company’s Vice President, Chief Financial Officer, Controller and Corporate Secretary. Winfield resigned on March 9 after being the company’s Controller since February 2008. He had been named VP and CFO in January 2017. The company’s board appointed Ralph D’Amico …
“We’re not asking for a handout—we want a level playing field.” It’s what Harold Hamm, founder of Oklahoma City’s Continental Resources says as the Trump administration considers way to help the country’s oil and gas industry in the pricing crisis. Interviewed this week on the Bloomberg Markets show with Alix Steel, Hamm accused Saudi Arabia …
