The pandemic has struck Hertz, the U.S. car rental company but it’s unknown how many of the 10,000 workers losing their jobs are in Oklahoma. Hertz Global Holdings filed a WARN alert with the Oklahoma Workforce Development office explaining it plans to lay off the 10,000 workers across the U.S. where the company has an …
Tapstone Energy, LLC announced it has concluded its financial restructuring plan which included a reduction of debt by $450 million, $50 million in new investment from one company and a new four-year loan of $145 million. And it’s looking with an eye toward expansion. The company said the restructuring was a move to recapitalize …
Congressional leaders from the country’s big corn producing states are bemoaning the lack of government aide to the ethanol industry in a $19 billion aid package announced by the U.S. Department of Agriculture. Missing from that package was money for biofuel producers who are suffering huge demand losses as millions of Americans have stopped driving. …
The nation’s ethanol industry could take a $10 billion hit over the coronavirus pandemic according to the Renewable Fuels Association. Ethanol plant operators are experiencing some of the same pains felt by refineries. Details came this week in the Oklahoma Farm Report which indicated it will have an impact also on corn growers. As …
Writing in the Dallas Morning News, the leader of Texas-based Marathon Oil takes a stand against Texas ordering a reduction in oil production, saying he favors the free market. Here is what Lee Tillman wrote in the Tuesday edition of the newspaper: “Marathon Oil stands firmly opposed to the petition to prorate domestic oil and …
Williams in Tulsa has named a new leader of its projects across the company’s 24-state footprint. Chad Teply has been appointed senior vice president of Project Execution, taking over guidance of project management, construction, environmental, regulatory and permitting, facilities and land management. Teply is new to Williams and succeeds John Poarch who left the company …
At a time when oil is virtually worthless and sellers were paying buyers to take the off their hands, Tulsa based Ovintiv-Mid Continent Inc. reported discovery of a five-well pad producing nearly 4,000 barrels of oil a day in the STACK. Completion reports filed this week show the five Franklin Fiu 1508 wells were …
Completion reports filed on April 20, 2020. BLAINE COUNTY Continental Resources Inc 1 14N 13W West Blaine 1-1 Swd, September 19, 2018 SH, DISP, TD: 8320 ft Lat: 35.71729, Long: -98.54226 API: 35011237800000 CANADIAN COUNTY Travis Peak Resources Llc Mississippi: Oil 1022 Gas 1985 Water 950 Flow 6 11N 6W Elmenhorst 1h-06-07, August 17, 2018 HH, OIL, TD: 17185 ft Lat: 35.46368, …
Permits to drill issued on April 20, 2020. Grady County BILLY #0305 2H-12, April 17 2020 01 3N 5W NESESESW API: 05124781 Lat: 34.75486120145807, Long: -97.67801032272047 OVINTIV MID-CONTINENT INC. HH, DR, 18577 ft, SPRINGER(13095) Grady County BILLY #0305 4H-12, April 17 2020 01 3N 5W NESESESW API: 05124779 Lat: 34.75486120686699, Long: -97.67809354737787 OVINTIV MID-CONTINENT INC. HH, DR, …
