July 20, 2020 archive

Concerns still exist about Supreme Court ruling’s impact on Oklahoma’s energy industry

  While the State Attorney General deals with dozens of criminal cases that could be reversed, refiled or at worst, dropped as a result of the recent Supreme Court decision, there remain many questions regarding the impact on Oklahoma’s energy industry. We recently reported Attorney General Mike Hunter stated that oil and gas leases would …

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BJ Services files Chapter 11—90 workers in Yukon to lose their jobs

  At least 90 Oklahoma workers are about to lose their jobs at the BJ Services facility in Yukon after the Texas-based company filed Chapter 11 bankruptcy Monday. COVID-19 was to blame for the actions. The hydraulic fracturing and cementing company notified the Oklahoma Office of Workforce Development that the 60 workers will be laid …

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Metal fraud leads to 5 year prison term

  A U.S. District Court judge in Fort Worth has sentenced a man to 55 months in prison for lying to the U.S. Department of Defense about the type of metal his company used inside aircraft parts. Richard Hyde, the owner of Vista Manufacturing Company, pleaded guilty in August to making a false claim against …

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Halliburton advances its digital capabilities

  Halliburton has signed a five-year strategic agreement to make a major advancement in its digital capabilities. The company entered into the agreement with Microsoft Corp. and Accenture to move the company’s digital store in Microsoft Azure. It will allow the energy company to move to cloud-based digital platforms, thereby speeding up its deployment of …

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New state agency head leaves behind an energy company battling earthquake lawsuits

  Before he became Oklahoma’s newest Secretary of the Land Commission last week, Elliot Chambers was President and CEO of White Star Petroleum, a company he led while it entered bankruptcy and also dealt with lawsuits and state regulatory orders due to earthquakes. The Chapter 11 bankruptcy for the company came as the company battled …

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