A Chinese company has abandoned its plan to build a massive paper mill in southwestern Arkansas that had already been delayed by trade tensions. Sun Paper told Gov. Asa Hutchinson and economic development officials in a letter dated Sunday that it would not move forward with its plan to build a mill in Arkadelphia, …
Completion reports filed this week show Chaparral Energy LLC had amended reports on two adjacent wells in Canadian County with combined production of more than 2,600 barrels of oil a day. The two Foraker 1207 wells were drilled in the fall of 2018 and completed in March 2019. The Foraker 1207 2umh-11 well is located …
Business is said to be picking up at Cushing, the hub for trading of billions of dollars of crude oil a day and the town that bills itself as “the pipeline crossroads of the world.” There is renewed interest in storing oil in the massive tank farm and companies are scrambling to secure space …
Denver-based Ovintiv, an active driller in Oklahoma’s STACK joined the list of firms slashing spending and drilling operations. But it plans to continue Oklahoma operations with at least two rigs for now. Ovintiv, formerly known as Encana, had been based in Calgary with a major operations center in Denver, but it shifted to being a …
House and Senate leaders on Monday announced restricted access to the Capitol building in response to the COVID-19 challenge in Oklahoma. Beginning Tuesday, in order to reduce the potential for community spread of COVID-19, access to the Capitol will be restricted to elected state officials, essential Capitol staff, credentialed press and state officials invited to …
Oklahoma energy companies continued to lose value as Monday’s trading showed on the New York Stock Exchange. Devon Energy reported a drop of $1.13, finishing the day at $7.57. Friday’s close was $8.70 and the company’s 52-week high was $35.39. SandRidge Energy finished Monday down 16 cents after closing at $1.06 on Friday and closing …
Oklahoma’s oil and gas industry got some sobering news on Monday. The number of jobs lost in the industry since January 2019 totaled at least 11,000 jobs. Word came from the Oklahoma Employment Security Commission as it announced an improved statewide jobless rate of 3.3% for January 2020. The rate had lingered at 3.4% …
Oklahoma Corporation Commissioner Bob Anthony is asking the state senate to kill a bill a state representative contends is a bill aimed at reforming the Commission. In a letter delivered Monday to the senators, Anthony asked them to kill HB1556 and “stop its potentially disruptive and wasteful impact on the ability of the Oklahoma Corporation …
Major utilities in Oklahoma have joined those nationally in halting service disconnections because of the coronavirus spread. OGE and Public Service Company of Oklahoma took the action and created flexible payment plans to help customers deal with the spread of the virus. “We are temporarily suspending disconnects for nonpayment. We know our customers are concerned …
Oklahomans might see some severe weather this week as spring officially approaches. State Climatologist Gary McManus says it won’t be the kind of severe weather we normally see in May and June, but some parts of the state will have “marginal” chances for it. It begins Tuesday and extends into Wednesday and the most likely …
