Houston’s Marathon Oil Corporation confirmed it has laid off nearly 100 workers including some in Oklahoma’s STACK and SCOOP plays where the firm is active. The layoffs represent about 5% of the company’s total workforce. They also followed action by the company’s board cut salaries of its executives and board members. A spokeswoman said …
More layoffs have hit the aero manufacturing industry in Oklahoma. Bethany-based Meta Special Aerospace informed the Oklahoma Office of Workforce Development it would make a mass layoff on Feb. 12 but no figures were ever announced. A company spokeswoman informed the office that the company had been notified of the termination of a significant …
The Democratic-controlled House Energy and Commerce Committee voted to approve its portion of the COVID-19 relief budget reconciliation legislation, one with a $188 billion price tag. But it did so without the support of Republican Rep. Markwayne Mullin of Oklahoma. Congressman Markwayne Mullin (OK-02) released the following statement after voting against the Energy …
The increased crude oil futures have apparently sparked more drilling interest in Oklahoma as reflected by new drilling permits issued by the Corporation Commission. Completion reports show more 2020 activity by Ovintiv Inc, the Denver-based company that has found big producers, mostly in Oklahoma’s STACK play. The company also obtained more seven more permits …
As crude oil futures jumped in Friday’s trading with the benchmark U.S. crude crawling closer to the $60 mark, energy stocks in Oklahoma and elsewhere also got a bump. West Texas Intermediate crude for March delivery went up $1.23 to $59.47 a barrel in trading on the New York Mercantile Exchange. The global benchmark, …
