The deterioration of the international coal market forced Tulsa-based Alliance Resources Partners, L.P. to lay off 185 workers at one of its Indiana coal mines. Alliance announced the action was at the Gibson County Coal mine operation in Owensville and Princeton, Indiana. The company issued a Workers Adjustment and Retraining Notification (WARN) Act notice due …
Investors in Oklahoma City’s Chesapeake Energy will be paying close attention to this week’s trading in the company as prices leveled off Friday and closed at 70 cents a share. After the company’s earnings report was released last week in which leadership suggested the future of the company was weak, shares dropped three of …
Communication issues arose on Friday at the Oklahoma Corporation Commission offices at the State Capitol. Phone calls and Internet emails were interrupted at times, forcing the commission to notify the public. Whether they will be resolved by Monday isn’t known. The OCC issued a notification about the problems. Attention all stakeholders, We are experiencing intermittent phone, …
Completion reports filed on November 15, 2019. completions: none were processed today
Permits to drill issued on November 15, 2019. permits: none were processed today
Eight states are facing a propane shortage and the Federal Motor Carrier Safety Administration has declared a regional emergency. The emergency was declared in Kansas, Illinois, Iowa, Minnesota, Missouri, Nebraska, South Dakota and Wisconsin. Oklahoma is not included. The propane shortage has hit corn farmers the hardest as they can’t find enough to dry the …
ALLETE Clean Energy, the company building a 300-megawatt wind site in southern Oklahoma has another wind farm project in North Dakota that will be online this month. The $200 million wind farm near Glen Ullin, North Dakota will provide power for more than 50,000 customers in Morton and Mercer Counties. …
Climate change protesters in Madison, Wisconsin recently forced the shutdown of a Chase Bank branch because they don’t like the bank’s investment in the Canadian company Enbridge. Enbridge is attempting to expand its pipeline that carries tar sand oil through Wisconsin. Protesters from 350 Madison Climate Action Team filled the lobby of the Sauk Creek …
A report by Bloomberg News shows how billionaire investors are circling distressed oil and gas firms like crows over road kill, waiting to pick up assets at cheap levels. Even corporate officers of some suffering firms, like Oklahoma City’s Chesapeake Energy are taking advantage to purchase more shares. Chesapeake’s Senior Vice President and Chief Accounting …
The latest oil and gas rig counts show the national trend is still sliding downward as the nation’s count dropped by eleven in the past week to reach 806. In Oklahoma, the count grew by one to reach 52, a weak showing in light of the 146 active rigs reported one year ago this past …
