Permits to drill issued for April 16, 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, DR, 22427 ft, WOODFORD(11900) Canadian County ELMENHORST #1H-06-07, April 18 2018 06 11N 6W NWNWNWNE API: 01725212 Lat: 35.46368701798446, Long: -97.87461645499465 TRAVIS PEAK RESOURCES LLC MU, …
April 2020 archive
Energy news in brief
** Houston’s Nine Energy Service, Inc. has scheduled its first quarter 2020 earnings conference call for Thursday, May 7, 2020 at 9:00 am Central Time. During the call, Nine will discuss its financial and operating results for the quarter ended March 31, 2020, which are expected to be released prior to the conference call. ** …
Judge to hear request to order reduction in Oklahoma’s oil production
The Oklahoma Corporation Commission is moving quickly on a response by one petroleum organization to order a cut in oil production across the state, but the public isn’t getting much of an opportunity to learn about it. An Administrative Law Judge has ordered a hearing set for Friday, April 17 at 9 a.m. on a …
Slight drop from record-setting unemployment claims in OK
The number of initial Unemployment Insurance claims dipped slightly from the previous week as COVID-19 related closures and the energy crisis continue to take a toll on Oklahoma’s workforce. For the week ending April 11, 2020, unadjusted initial claims in Oklahoma totaled 48,977, a decrease of 11,557 from the previous record-setting adjusted week high …
Chesapeake Energy and SandRidge Energy lay off workers
Both Chesapeake Energy and SandRidge Energy announced layoffs of workers this week. Chesapeake laid off the highest number at 200 employees, a move that came just days after shareholders approved a reverse stock split so the company would not be delisted from the New York Stock Exchange. SandRidge let 26 workers go from its headquarters …
Energy firm in McAlester lays off 15 workers
The oil crisis hit a McAlester energy firm in recent weeks as STEP Energy announced the layoff of 15 workers. The Calgary, Alberta-based company notified the Oklahoma Office of Workforce Development of the move. It was part of the Canadian company’s decision to cut its 2020 planned capital program by 50% to $23.5 million. In …
Nearly 90 workers at Muskogee pipe plant lose their jobs
The COVID-19 pandemic combined with the oil price crash resulted in more than 100 workers losing their jobs this month at Muskogee pipe supplier Vallourec Star. The company recently notified the Oklahoma Office of Workforce Development that 112 workers were laid off as firm announced it was part of efforts to reduce its North American …
Frac sand miner shuts down operation in NW Oklahoma
Frac sand mining firm, Signal Peak Silica has closed operations at its field operations at Oakwood in northwest Oklahoma putting about 90 workers onto the unemployment lines. The company, in a notice to the Oklahoma Office of Workforce Development explained that 87 workers were laid off. The 2,000 acre mining operation was located along US …
Baker Hughes lays off 234 workers in OKC
Baker Hughes moved this week to layoff 234 workers at its Oklahoma City offices, blaming the COVID-19 pandemic and resulting oil price crisis. The company notified the Oklahoma Department of Commerce using what is called a WARN or Worker Adjustment and Retraining Notification notice filed with the Office of Workforce Development. “The COVID-19 public …
ConocoPhillips cuts oil production and capex
Not only is ConocoPhillips revising for a second time its capital spending budget for 2020, but the company is cutting oil production and suspending a share repurchase program. Eighteen years after Phillips merged with Conoco and moved its headquarters from Bartlesville to Houston, the company said the actions are in response to the oil market …