2016 archive

Layoffs at Chart Industries in Tulsa—-Oil Slump to Blame

Layoffs have occurred at Tulsa-based Chart Industries Inc. and the drop in oil prices is being blamed by company officials.
As sales dropped from $339 million in 2014 to $187 million last year, the company took steps to trim its workforce.
Chart Ind…

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Senators Want FAA Approval of Drones for Energy Industry Use

Oklahoma U.S. Senator Jim Inhofe and Sen. Cory Booker (D-N.J.) have introduced an amendment to the Federal Aviation Administration Reauthorization Act to make sure operators of critical infrastructure are able to use drones to help with compliance of e…

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NW Oklahoma Wildfire Still Out of Control—-55,000 Acres Burned

Oklahoma Governor Mary Fallin has added 10 counties to a list of those under a state of emergency because of wildfires. They include: Alfalfa, Blaine, Creek, Dewey, Garfield, Grant, Harper, Logan, Major and Woodward counties where wildfires are either …

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Company Appeals Fine Over Fracking Acid Spill

What is called the largest fracking acid spill in state history has gone before the Oklahoma Supreme Court. Blake Production Co. has appealed a more than $10,000 fine from the Oklahoma Corporation Commission as a result of the spill that involve…

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Company Appeals Fine Over Fracking Acid Spill

What is called the largest fracking acid spill in state history has gone before the Oklahoma Supreme Court. Blake Production Co. has appealed a more than $10,000 fine from the Oklahoma Corporation Commission as a result of the spill that involved an e…

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Drones to be Banned Near Wildlife in Pennsylvania

Drones get the attention of the fish and wildlife experts in the state of Pennsylvania. The State’s Game Commission has moved to ban drones over 1.5 million acres because they are near the nests of bald eagles. Plus, they reportedly are interfering i…

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Schlumberger Issuing Massive Layoff

Schlumberger, the largest oilfield services company in the world, says it’s drastically cutting over 25% of its workforce because of the continuing slump in crude and natural gas prices.
In January, Schlumberger announced that it planned to cut 10,000…

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Significant Inventory Decline Leads to Big Jump in Crude Oil Futures

The U.S. oil benchmark scored its biggest one day jump in three weeks Wednesday after weekly government data showed a large and unexpected fall in U.S. crude inventories and an increase in demand by refineries.
On the New York Mercantile Exchange, We…

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Judge Throws Out Portion of Subrogation Case Involving Flint Energy Services

A district judge threw out a portion of a case involving Flint Energy Services, ruling a provision of Oklahoma’s 2013 workers’ compensation reform legislation is unconstitutional.
Grady County District Judge Richard Van Dyck ruled Monday that the stat…

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Williams Sues ETE and Billionaire Founder Warren Over Disclosed Stock Deal

Two weeks after Tulsa was stunned by the possible loss of Williams Cos. in its merger with Dallas-based Energy Transfer Equity, Williams has filed suit against ETE and its billionaire founder Kelcy Warren over a private stock offering revealed in…

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