A second quarter net loss of $1.7 billion or $1.91 per diluted share was announced Monday by Halliburton Company, months after the firm shut down, laid off hundreds of workers and eventually closed its command center in El Reno, Oklahoma. It was an increase from the $1 billion or $1.16 per diluted share reported …
Those thunderstorms of the past week to 10 days in Oklahoma have left residents of the Panhandle surprised—-it rained. It even caught State Climatologist Gary McManus off guard who, in his Monday Oklahoma Mesonet update took note of how nearly 3 inches of rain fell near Boise City. “Hey now, even during the worst of the …
A ghost town near Crested Butte, Colorado that has served as a scientific research site for nearly a century will be preserved as the result of a conservation easement. The Rocky Mountain Biological Laboratory in Gothic, a town only accessible by skis, foot and fat bicycles in the winter has attracted scientists from across …
Noble Energy, the firm founded by the late Lloyd Noble in Ardmore, Oklahoma has been snatched up by Chevron in a $5 billion all-stock deal. Chevron said on Monday it would buy Noble Energy in a $5 billion all-stock deal, bolstering its shale presence as a plunge in crude prices have made assets cheaper. The deal, …
The results of a recent Federal Reserve Bank survey show the COVID-19 pandemic and its harmful impact on energy firms in Oklahoma and six other states could lead to more businesses closing their doors. To say they are on shaky ground is not a reference to the earthquakes in Oklahoma and surrounding states. About …
A Southern Colorado firm keeps winning contracts with the state’s Energy Office. 4CORE has been awarded the ReCharge contract by the Colorado Energy Office for the seventh consecutive year, according to the Durango Herald. This program provides the region with electric vehicle education, outreach and support for the adoption of EVs and promotes and …
Grim oil and gas statistics show how badly the industry in North Dakota, the nation’s number two oil-producing state, has been affected by the COVID-19 pandemic. The Minneapolis Star-Tribune reported that with COVID-19 upending petroleum demand, North Dakota’s oil production fell 30% in May, hitting a monthly low not seen in seven years. …
** Illinois House Speaker Michael Madigan (D) has been implicated in a massive bribery scandal involving utility company ComEd, and Illinois’ Democratic governor J.B. Pritzker has stated that Madigan “must resign” if the allegations against him are true. Madigan strongly denies any wrongdoing. ** Illinois utility Commonwealth Edison has agreed to pay a $200 million fine in relation to …
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 …
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 …
