While the Cushing oil storage tank farm is filling up with the glut of crude caused by the cratered demand for gasoline, a similar situation has developed in Mexico where Pemex is storing it in tankers sitting in the Gulf of Mexico. Bloomberg checked and found out Pemex has too much gasoline …
Like the refinery industry, the coal industry has also been slapped by the coronavirus pandemic. Lights are off in schools and businesses across the world and for coal miners, that’s bad news because it means there is less demand for their product to power the coal-fired power plants. As a result, companies like Alliance …
The request of a Tulsa-based energy company for a mandated reduction of oil production in Oklahoma is going before the full Oklahoma Corporation Commission in May. Administrative Law Judge Jan Preslar heard the request of LPD Energy Company on Friday. “The Judge in the case (Commission Administrative Law Judge Jan Preslar) today said she would …
An annual report by the American Wind Energy Association says wind energy is now the largest provider of renewable energy in the country, supplying over 7 percent of the nation’s electricity in 2019. In Oklahoma, 35% of the electricity comes from the numerous wind farms and the state remains number three for wind-powered electricity behind …
** The city of Carmel, Indiana, is set to become the first in the U.S. to convert its fleet vehicles to run on hydrogen fuel technology. ** More than 100 members of Congress call on leadership to include language in the next round of stimulus funding prohibiting utilities from disconnecting customers during and immediately after the pandemic. ** A federal judge “reluctantly” rejects an …
After dropping below the $20 mark on Wednesday, the oil markets dropped even deeper by the close of trading on Friday with West Texas Intermediate falling another $1.60, reaching $18.27 a barrel. Brent crude in London was up 26 cents at $28.08 while natural gas prices on the New York Mercantile Exchange rose 7 …
Completion reports filed on April 17, 2020. CREEK COUNTY Thomas Exploration Company Simpson Sand: Red Fork(1975): Oil 13 Water 5 Pump 15 14N 10E Iva Bruner 4, August 15, 2017 SH, OIL, TD: 3600 ft Lat: 35.69399, Long: -96.23984 API: 35037290900000 CUSTER COUNTY Toklan Oil & Gas Corporation Cherokee Sands: Oil 4 Gas 15 Flow 24 15N 16W Floyd B Jones C 1-24, February …
Permits to drill issued on April 17, 2020. Canadian County REUTER TRUST #1H-8-17, April 16 2020 08 11N 8W NWNWNENE API: 01725621 Lat: 35.44872437474985, Long: -98.06438226124894 CITIZEN ENERGY III LLC MU, AM, 22427 ft, WOODFORD(11900) Canadian County REUTER TRUST #2H-8-17, April 17 2020 08 11N 8W N2NWNENE API: 01725622 Lat: 35.448724377564744, Long: -98.06428154180051 CITIZEN ENERGY III LLC …
A day after Oklahoma City’s Chesapeake Energy announced the layoff of 200 employees, the company took action to suspend dividend payments. The move applies to each series of the company’s outstanding convertible preferred stock and was effective immediately. “Suspension of the dividend does not constitute an event of default under any of the company’s debt …
In releasing its first quarter revenues of the year, Schlumberger reported a 9% drop from the fourth quarter of 2019 with worldwide revenue of $7.5 billion. It expects things to worsen and is preparing for company layoffs. When and where and if in Oklahoma wasn’t indicated. The company said its international revenue of $5.1 …
