Baker Hughes takes a step to expand its business operations outside the oil and gas industry, by partnering with the world’s largest fastener company. Its new partner is Wurth Industry North America which is a subsidiary of Germany-based Wurth Group. The new partnership will result in the design, manufacturing and 3D printing services to …
The price to drill in the Permian Basin of West Texas and New Mexico, the biggest and highest producing oil region in the U.S. has tumbled as the COVID-19 pandemic continues pummeling the oil and gas industry. Bloomberg reported that drilling rights plunged an estimated 67% compared to two years ago. In recent months, …
Michigan Gov. Gretchen Whitmer has again targeted the oil and gas industry by ordering a shutdown of an oil pipeline under the Great Lakes. Canada’s Enbridge Inc. was notified Friday that its easement granted 67 years was revoked by the Democratic Governor. Enbridge had planned to extend a nearly 4-mile section of the line …
The fight is far from over for operators of the Dakota Access oil pipeline. After they won approval last month from Illinois regulators to expand operations, now they are faced with an appeal by environmental groups. Reuters reported Save Our Illinois Land and the Sierra Club have filed applications for a hearing with the …
New Mexico Gov. Michelle Lujan Grisham has ordered the state’s businesses to shut down for two weeks beginning Monday, but the question remains—how will it affect the state’s energy industries? “New Mexico is at the breaking point. We face a life-or-death situation, and we must and will act to preserve the lives of New Mexicans.” …
Like many states hit by the COVID-19 pandemic, oil and gas production took a big drop in July in Kansas. The Kansas Geological Survey reported this week July oil production was 12,518,721 bbls, a decline of more than 390,000 barrels or 13% from a year ago, according to the Independent Oil and Gas Service …
Oklahoma City-based LSB Industries, Inc.’s Executive Vice President and Chief Financial Officer Cheryl Maguire will take part this week in a Sidoti Virtual Microcap conference. Sidoti is a provider of independent securities research focused on small and microcap companies. It serves nearly 500 institutional clients in the U.S., Canada and the U.K. Maguire will …
For the second time in two years, a U.S. District Court Judge for the District of Columbia has blocked drilling on more than 300,000 acres in Wyoming. Judge Ralph Contreras issued his ruling on Friday, claiming the government failed to adequately consider the drilling impact on climate change, reported Reuters. The wire service reported …
Even as Gulfport Energy Corp. made the Sunday Oklahoman’s list of top major companies in Oklahoma, the Oklahoma City company filed for Chapter 11 bankruptcy this week. Its Nov. 13 filing in U.S. Bankruptcy Court in Houston, Texas showed the firm declared nearly $2.5 billion in liabilities as of Sept. 30. The filing showed …
