At least three states passed laws putting new criminal penalties on protests against fossil fuel infrastructure in just the past two weeks amid the chaos of the coronavirus pandemic. First came Kentucky. On March 16, Gov. Andy Beshear (D) signed legislation that designated “natural gas or petroleum pipelines” as “key infrastructure assets” and made “tampering with, impeding, …
Refinery operator Dallas-based HollyFrontier Corporation plans to announce results for its quarter ending March 31, 2020 on May 7, 2020, before the opening of trading on the NYSE. With refineries in Tulsa, El Dorado, Kansas and other states, the company has scheduled a webcast conference on May 7, 2020 at 8:30 a.m. Eastern time to discuss …
It’s a different world because of coronavirus and it means a different way of conducting business at the Oklahoma Corporation Commission. With the main offices closed in Oklahoma City as well as the satellite facilities in Tulsa, state regulators are still open for business. It’s just that things are done over the telephone or the …
Pipeline operators with full storage tanks are asking some Texas oil companies to stop production as the ongoing price war between Russia and Saudi Arabia has exacerbated a global supply while the pandemic has dramatically cut global demand. In a Saturday morning tweet, Texas Railroad Commissioner Ryan Sitton, one of three officials elected to oversee the …
Apache reported Friday that the company has cut $1.3 billion from this year’s capital spending budget, reducing the company’s annual dividend by $340 million and cutting $150 million in other expenses. The company previously announced a $700 million capital spending cut. The further reductions come two weeks after Apache announced that the company would …
The oil market turmoil sparked by Saudi Arabia and Russia is threatening U.S. jobs even in Cut Bank, Montana, and Magnolia, Arkansas — relatively obscure communities in the world of energy. Oklahoma is no different as thousands of oilfield workers lose their jobs and companies reduce drilling, small towns are feeling the economic impact. …
OGE Energy Corp. is warning if there is a reduction in demand for electricity as a result of the coronavirus pandemic, it could eventually be harmful the company. In a filing Monday with the Securities and Exchange Commission, the utility’s parent company of Oklahoma Gas and Electric Company detailed its risk factor from the virus. …
Oklahoma City-based Devon Energy Corp. announced Monday it has cut another $300 million for the remainder of the 2020 budget, leaving a $1 billion revised capital outlook. It means a reduction of nearly 45 percent of the company’s original budget and follows an announced March 12 decrease of $500 million or 30 percent of the …
