Both the nation’s and Oklahoma’s oil and natural gas rig counts are plummeting—-8 lost in Oklahoma in the past week while the nation suffered a drop of 48 working rigs. The downturn is quickly gaining speed as prices remain in the low $30s and in eff…
February 5, 2016 archive
OIPA Calls President’s $10 Oil Tax “Short Sighted” and “Uneducated”
The Oklahoma Independent Petroleum Association makes it clear it does not like the President’s $10 a barrel tax on oil proposal and suggests such a tax would make the U.S. more dependent than ever on foreign produced oil.
“President Obama has not hidd…
State Treasury Takes Another Hit from Oil and Gas Downturn
It is just one round of bad energy news after another in Oklahoma as Oklahoma Treasurer Ken Miller announced on Friday that monthly gross receipts to the Treasury in January took their largest plunge in more than five years, mostly because of the oil a…
State Treasury Takes Another Hit from Oil and Gas Downturn
It is just one round of bad energy news after another in Oklahoma as Oklahoma Treasurer Ken Miller announced on Friday that monthly gross receipts to the Treasury in January took their largest plunge in more than five years, mostly because of the oil a…
Energy Agencies Among Those Who Did Not “Freeze” Salaries in 2015
The 2015 hiring and salary freeze announced by Governor Mary Fallin wasn’t the kind of freeze most Oklahomans think of when considering state government. Turns out, thousands of state workers still got pay raises that totaled millions of dollars and st…
New President Named at Holly Logistic Services
Holly Energy Partners, L.P., the firm with oil refineries in Tulsa, Oklahoma has announced the appointment of Mark A. Plake as President of Holly Logistic Services, LLC effective Feb. 15, 2016.
He will resign as President of HLS on that same dat…
New President Named at Holly Logistic Services
Holly Energy Partners, L.P., the firm with oil refineries in Tulsa, Oklahoma has announced the appointment of Mark A. Plake as President of Holly Logistic Services, LLC effective Feb. 15, 2016.
He will resign as President of HLS on that same date but …
Worldwide Rig Counts Drop in Downturn
The U.S. oil and natural rig count isn’t the only sector seeing a drop. So is the international count for January 2016, according to Baker Hughes Incorporated of Houston, Texas. The count was 1,045, down 50 from the 1,095 counted in December 2015…
Worldwide Rig Counts Drop in Downturn
The U.S. oil and natural rig count isn’t the only sector seeing a drop. So is the international count for January 2016, according to Baker Hughes Incorporated of Houston, Texas. The count was 1,045, down 50 from the 1,095 counted in December 2015 and d…
Nabors Industries Hit with Fitch Ratings Downgrade
Another energy company with big Oklahoma ties is facing its share of economic problems. Nabors Industries, Ltd., with offices in Oklahoma City and Woodward, is being downgraded by Fitch ratings on its Long-term Issuer Defaulting Rating from ‘BBB’…
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