The dramatic decline in oil prices has led to a decision by Phillips 66 to reduce its remaining 2020 capital expenditures by $700 million, lowering the budget to$3.1 billion. It also suspended its share repurchase program. Greg Garland, chairman and CEO made the announcement, reassuring investors that the company is well positioned to manage …
Oklahoma Gov. Kevin Stitt has the support of the Petroleum Alliance of Oklahoma in his decision ordering a shut-down of non-essential businesses in the 19 counties in the state with confirmed COVID-19 cases. “The Petroleum Alliance of Oklahoma recognizes the governor did not take this action lightly, and we thank him for his deliberation,” …
Permits to drill for March 24, 2020. Grady County MILLS #3-16-21XHW, November 12 2019 16 7N 5W SWNESENW API: 05124734 Lat: 35.083134261949, Long: -97.73451839840256 CONTINENTAL RESOURCES INC MU, AM, 20205 ft, MISSISSIPPIAN(11238), SYCAMORE(11351), WOODFORD(11489), MISENER-HUNTON(11647), HUNTON(11647) Lincoln County BROWN’S LAKE #1-30, January 23 2020 30 14N 6E SWSESWSW API: 08124316 Lat: 35.65258636653527, Long: -96.71288235218366 SOUTHSTAR EXPLORATION LLC …
Completion reports filed on March 24, 2020. CIMARRON COUNTY Weinkauf Petroleum Inc 23 5N 9E Connolly 1-23, June 18, 2019 SH, OIL, TD: 4390 ft Lat: 36.87949, Long: -102.04726 API: 35025208580000
A visibly frustrated Oklahoma U.S. Sen. James Lankford took to the Senate floor on Tuesday, angry over the holdup in a Senate vote on the third phase of relief to address COVID-19. He warned that in his home state several businesses are on the brink of closing their doors unless they can get some relief. …
Oil prices rebounded again in trading on Tuesday but not enough to relieve the concern of the nation’s oil and gas industry as prices still remained in the $20s. West Texas Intermediate crude rose 97 cents a barrel, finishing the day at $24.33, a change of 4.15%. Brent crude rose 57 cents in trading, …
Oklahoma regulators have announced they are allowing schools, libraries and health care facilities receiving funding from the Oklahoma Universal Service Fund to temporarily increase bandwidth for their broadband service. Brandy Wreath, administrator of the OUSF maintained by the Oklahoma Corporation Commission made the announcement on Tuesday. He said those eligible facilities who receive the funding …
More than 500 solar companies are asking Congress for help as the coronavirus takes a toll on their industry. “We are also faced with a reality we can’t ignore: the solar industry could lose up to half its workforce as a director result of COVID-19,” said Abigail Ross Hopper, president and CEO of the Solar …
The budget cuts are leading to plans by Schlumberger, the largest oilfield service company in the world and with major operations in Oklahoma to coming layoffs. The company announced it will slash up to 30 percent from its budget as oil activity takes a major hit from the oil price war and the effects of …
** PG&E agrees to plead guilty to 84 counts of involuntary manslaughter in connection with 2018’s Camp Fire, the deadliest in California’s history. ** Alaska Gov. Mike Dunleavy (R) called on lawmakers Friday to approve checks of about $1,300 for residents to help offset the economic impacts of the novel coronavirus, using the state’s oil wealth fund. ** A …
