The Oklahoma Corporation Commission’s website will be down this week and unavailable for use for a few hours. The Commission’s Office of Public Information made the announcement Thursday afternoon. “Greetings stakeholders, The Corporation Commission’s website will be unavailable on Saturday, Aug. 22, 2020 from 9 a.m. to 12:00 p.m. CST. This will allow the state …
When jobless claims took an unexpected increase on Thursday in the U.S. resulting in a drop in oil futures, it was felt by the oil and gas companies with Oklahoma connections and operations. SandRidge Energy took a nose-dive of 8.70% or 16 cents a share, ending the day at $1.68. Devon Energy fell 3.61% …
A rise in weekly U.S. jobless claims is blamed for the drop in oil futures in Thursday’s trading. Also blamed are concerns about the outlook for demand shaken by minutes of the Federal Reserve’s last meeting. West Texas Intermediate crude for September delivery declined 35 cents, or 0.8%, to finish at $42.58 a barrel, …
Four Indian tribes in Oklahoma are among 16 Native Nations that have received at least 40 head of Yellowstone Buffalo bred and raised at Yellowstone National Park. Through the InterTribal Buffalo Council, the animals were receivd by the Oklahoma tribes including the Modoc Nation, the Quapaw Nation, the Cherokee Nation and the Cheyenne and …
Energy producers in Oklahoma have had their say whether the Corporation Commission should continue with a 50% prorationing rate on unallocated gas wells. Some say the rate should be higher. Some believe it should be continued at the 50% rate. No decision was reached Thursday as the three commissioners heard arguments for and against …
** China refineries processed a record amount of crude oil last month, and now they are looking to the U.S. to find crude. China is looking to book oil tankers for August and September to ship at least 20 million barrels of U.S. crude, according to Reuters. ** The plunge in crude tanker demand in July was the steepest fall since …
Hit by the COVID-19 pandemic, American Airlines is making more drastic moves including the dropping of service to numerous smaller airports nationally including regional service in Stillwater, Oklahoma. Other airports in the region included Roswell, New Mexico and Joplin, Missouri. The Oklahoma Office of Workforce Development noted that American and the other U.S. passenger carriers …
The government’s plan to sell more public lands to the oil and gas industry in New Mexico still has people at odds—environmentalists are against it while industry leaders say it will put oil and gas operators in a better financial position. The federal Bureau of Land Management (BLM)has proposed a lease sale of about …
New Mexico Gov. Michelle Lujan Grisham used her Democratic National Convention speech Wednesday night to urge the investment in clean energy jobs to avoid what she labeled as “the environmental annihilation” by the Trump administration. But one GOP leader in her state criticized the Governor and Democrats, suggesting their energy plan would devastate New …
North Dakota is facing significant belt-tightening as a result of low commodity prices and the COVID-19 impact on the oil and gas industry. It means the state which had the nation’s second highest oil production, some largely due to the exploratory efforts of Oklahoma-based Continental Resources is forced to cut state agency budgets. …
