Tulsa based-Helmerich and Payne reports it has lost $467 million in the first half of the year, mostly due to the oil price crisis and the COVID-19 pandemic and what the pandemic has done to the oil and gas industry around the world. And it is reacting to more reductions in expenditures and …
Suggesting a below-market tend offer will “catch investors off guard,” Exxon Mobil Corporation urged its shareholders to reject the unsolicited mini-tender offer by Ponos Industries LLC to acquire up to 1 million shares of ExxonMobil common stock. The 1 million shares represent approximately 0.024% of the shares outstanding as of April 27, 2020 offer …
By curtailing some of its operations, like those in Oklahoma oil and gas industry service provider Civeo Corporation, the one that workers like to call the “man camp” company, reported improved second quarter earnings in a release this week. The Canadian-based firm reported second quarter revenues were $114.7 million while net income was $6.1 million. …
An upcoming virtual DUG Midcontinent conference will feature Continental Resources’ founder and executive chairman Harold Hamm as the opening keynote speaker. DUG made the announcement this week for its August 18 and 19 conference. As DUG put it, “One of the most successful and influential industry executives in the U.S, Hamm played a pivotal …
While West Texas Intermediate crude oil prices are being determined at Cushing, Oklahoma, the cross roads of crude oil transmission in the U.S., some wonder about the all-time highs and lows in the past decade or so. One doesn’t have to go back far to find them. Fox Business News recently explored the subject …
If Oklahoma congressman Markwayne Mullin has a choice of working with the Environmental Protection Agency or Oklahoma’s Department of Environmental Quality, it’s an easy decision. DEQ every time. It’s what he said publicly during a congressional hearing on Tuesday. Rep. Mullin (OK-02) is a member of the U.S. House Energy and Commerce Committee and …
A scientific breakthrough,funded in part by ExxonMobil is reported in the the effort to implement carbon capture as more and more demands are put on energy producing firms to reduce carbon dioxide emissions. If successful, it could lead to dramatic efforts to reduce those emissions in Oklahoma, Texas and other oil producing states. Oilprice.com …
Long lines of oil railcars sit idle in rail yards across Canada these days. By the thousands, they sit unused, just months after they were employed in record-numbers to move Canadian oil. But as Reuters found out, shippers have hit the brakes and as a result, tens of millions of dollars’ worth of infrastructure …
