In an editorial opinion written for Wednesday’s edition of The Oklahoman, former Oklahoma congressman Ernest Istook warned Oklahoma should not become OPEC. He wrote against a possible move by state regulators to order a reduction in oil production in the state. By Ernest Istook Oklahoma should not become OPEC. Nor should Texas or any other …
Two days after Houston-based Apergy reported a first quarter 2020 loss of nearly $660 million, the company announced the closing of its UPCO plant in Claremore and the layoff of 26 employees. UPCO is a subsidiary of Apergy. The company made a WARN notification with Oklahoma’s Office of Workforce Development and blamed the need for …
Another round of layoffs by Halliburton at its Duncan, Oklahoma operations was announced this week. At least 240 manufacturing workers lost their jobs effective April 29. “This is a mass Layoff and the facility will remain open,” stated Halliburton spokeswoman Danyelle Huff in a WARN notice made with the Oklahoma Office of Workforce Development. It …
The coronavirus pandemic resulted in the layoff this month of more than 400 workers at the Hertz Administrative Center in Oklahoma City. Word was finalized this week at the Oklahoma Office of Workforce Development. A notification by Hertz indicated the layoffs of 415 workers happened between April 14 and April 20 at the center located …
The latest energy company to produce a multi-well site with production of at least 1,300 barrels of oil a day in Oklahoma’s STACK play is Citizen Energy Iii LLC. The privately-funded company based in Tulsa filed reports this week on three Northern Dancer 8-17 wells located at 5 10N 6W, a site several miles southeast …
Completion reports filed on April 28, 2020. CANADIAN COUNTY Citizen Energy Iii Llc Mississippian(9798): Oil 360 Gas 3492 Water 968 Flow 5 10N 6W Northern Dancer 8-17-10-6 3mxh, January 09, 2020 HH, OIL, TD: 20464 ft Lat: 35.36400, Long: -97.85823 API: 35017254180000 Citizen Energy Iii Llc Mississippian(9963): Oil 401 Gas 1285 Water 521 Flow 5 10N 6W Northern Dancer 8-17-10-6 1mxh, January 09, 2020 HH, OIL, …
Permits to drill issued on April 28, 2020. Canadian County SUSAN #1-10, April 28 2020 10 14N 6W N2SWSWSW API: 01722865 Lat: 35.69820245764271, Long: -97.8328841457096 SOUTHERN RESOURCES INC SH, RC, 8430 ft, OSWEGO(7348) Harper County BRAWNER #2-13, March 30 2020 13 27N 22W CSWNESW API: 05921418 Lat: 36.816774140770264, Long: -99.52462443916836 MARJO OPERATING MID-CONTINENT LLC SH, RE, 5500 …
After a 25% tumble in prices on Monday, oil prices in the U.S. shot up on news of a bomb explosion on an oil tanker in Syria, only to slip back nearly 3.5% for the day, settling at $12.34 a barrel for West Texas Intermediate crude. It had been trading as low as $10.07 …
A first quarter loss of nearly $142 million was reported Tuesday by ONEOK which amounted to a net loss of 34 cents a diluted share. It also had noncash impairment charges of $641.8 million or $1.17 per diluted share in the announcement made from Tulsa. The company also reported a 10% increase in adjusted …
NGL Energy Partners LP in Tulsa says it not only is exploring the sale of some of its assets and reducing dividends by $100 million a year, but adjusting the remainder of its 2020 financial guidance. The company announced this week it was re-confirming its Fiscal Year 2020 Guidance for adjusted earnings and expects them …
