Tulsa-based coal mining company Alliance Resource Partners, L.P. is shutting down its mines in Illinois because of the growing impact of the COVID-19 pandemic. “ARLP is temporarily ceasing coal production at all of its Illinois Basin mines,” stated the company. ” While this temporary idling is currently scheduled to last through April 15, 2020, …
When oil was going strong, Civeo Corporation, the firm known as the “man camp” provider including production facilities in Oklahoma, was going equally strong. But the oil price plunge combined with the coronavirus pandemic has hurt the Houston company. Its mancamps are empty and now the firm might consider a reverse stock split to ease …
After only 9 months on the job, the Secretary of the Oklahoma Commissioners of the Land Office, the body that oversees more than $2 billion in oil and gas leases, ag land and commercial assets has resigned. The political news website, NonDoc reported this week that Secretary Brandt Vawter resigned on March 20 after reports …
Texas regulators are under growing pressure to take action to cut crude output in light of the historic price crash. Two of the state’s biggest drillers, Pioneer Natural Resources Co. and Parsley Energy Inc. want the Texas Railroad Commission to consider a decrease in crude output The two companies asked the three-member Texas Railroad …
A day after Oklahoma City’s Devon Energy slashed another $300 million from its 2020 capital expenditures budget, the company reported three sister wells in the STACK play with production of more than 2,500 barrels of oil a day. It sat on the completed wells since last fall and reports weren’t made until this week with …
The United States’ flagship crude oil grade plunged on Monday to trade at about $10 a barrel, the weakest since late 1998 as demand plummeted due to the coronavirus pandemic and storage filled quickly. The grade, priced at the heart of the Permian basin in Midland, Texas, traded at $9.50 below benchmark prices, reported …
