Tulsa’s Helmerich and Payne, Inc. is feeling the pinch of not only the oil price war but the coronavirus and as a result, the company says it’s reconsidering its capex for the rest of the year. It didn’t announce any specific cut in spending, but indicated it will be reviewing its capital status. The …
Renewable energy—it’s the apparent holdup as the U.S. Senate, under Republican leadership attempts to approve a stimulus package meant to overcome the economic bashing caused by the spread of the coronavirus. At least 18 Democratic Senators sent a letter to Senate leadership asking them to include renewable energy in the package. One of the …
Texas regulators are under growing pressure to curtail oil production for the first time since the 1970s but the head of the Texas Railroad Commission isn’t so sure about such a move. “I am very concerned about the impact the international oil market instability has on the Texas economy, state budget, and the hundreds of …
Oklahoma U.S. Rep. Kevin Hern is among a handful of Republicans and Democrats who have voiced their opposition to a government bailout for the U.S. oil and gas industry. He and a dozen other members of Congress sent a letter to Interior Secretary David Bernhardt asking him to temporarily reduce or cut royalties for offshore …
It’ll be quiet in the halls of the Oklahoma Capitol this week after the legislature decided against meeting in response to the spread of the coronavirus. At least one State Senate staffer was confirmed positive with COVID 19 last week and as a result the Senate underwent testing. At the same time, the State House …
State agencies tasked with new rules on methane emissions in New Mexico are preparing to release their recommended guidelines later in the year. The Farmington Daily News reported that the New Mexico Environment Department and Energy, Minerals and the Natural Resources Department plan to release draft complimentary regulations for reducing methane emissions from the oil and …
Severance taxes from oil and gas are a major issue in Colorado as state leaders reassess the state’s crumbling fiscal picture. Some observers wonder if a tax break for the industry could grow so large that many Colorado oil wells will owe nothing in severance taxes. Consider it the $308 million elephant in the …
** Correction: The David Holt who is head of the Consumer Energy Alliance who wrote about banning efforts of cities and and towns from prohibiting natural gas use is not the mayor of Oklahoma City as we reported earlier this week. Our apologies. ** As if the market crash threatening their jobs wasn’t stressful enough, workers …
One of the most painful busts in the history of crude oil happened just six years ago when a sharp price drop cost 200,000 roughnecks, almost half the entire workforce, their jobs. And now, the spread of the coronavirus coupled with an oil-price war between Russia and Saudi Arabia threatens to devastate the oil services …
Oklahoma 1st District Rep. Kevin Hern is apparently practicing what he and health officials preach about social distancing. Last week he visited Tulsa and conducted what he labeled a Coronavirus Response Tour, meeting with local officials and medical professionals about community needs. As witnessed by the photos he provided, Rep. Hern showed his separation during …
