Wind farm operator Enel North America says it’s providing $160,000 to more than two dozen organizations in Oklahoma to support COVID-19 preparedness and response. The company operates 10 wind farms in the state and the contribution is part of a $1.3 million community-based relief effort the company is initiating with over 75 local agencies across the …
Oklahoma oilman Harold Hamm is among 200 executives and industry leaders named by President Donald Trump to his “Great American Economic Revival Industry Groups” to reopen the nation’s economy amid the COVID-19 pandemic. Hamm, founder and chairman of Continental Oil was included on a list of energy leaders including Darren Woods at ExxonMobil, Viciki …
Gasoline prices dropped even more in the past week for drivers in Oklahoma and across the nation. Oklahoma’s average price dropped 7 cents to reach $1.39 per gallon while the national average declined for the 7th straight week to reach $1.86 this week. Prices have dropped 61 cents across the country in the past seven …
The U.S. Energy Department is negotiating with nine companies to rent about 23 million barrels of oil storage capacity in its Strategic Petroleum Reserve as part of a Trump administration bid to help drain the country’s growing glut of crude. The Energy Department said most of the oil will be delivered in May and …
The Texas Railroad Commission spent most of Tuesday and well into the night hearing arguments for and against a request to adopt a mandated cut in oil production in the state. The decision was delayed and it’s not known at this time when the regulators might come to agreement on what to do. As …
The actions of dozens of Oklahoma oil and gas companies is leading analysts to predict the state of Wyoming could lose $555 million to nearly $2.8 billion in state revenues over the next two years. That’s how many Oklahoma exploration and production companies from Oklahoma City and Tulsa and other cities are active in …
** Williams plans to announce its first-quarter 2020 financial results after the market closes on Monday, May 4, 2020. The Tulsa-based company’s first-quarter 2020 earnings conference call and webcast with analysts and investors is scheduled for Tuesday, May 5, 2020, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time). ** Oklahoma City’s LSB Industries, Inc. announced that …
North Dakota, where Oklahoma’s Continental Resources Inc. led the state’s massive oil production, has already seen more than 2,000 workers lose their jobs statewide in the coronavirus pandemic and the oil market crash. Now one state official estimates another 6,000 will lose their jobs in the coming months. The prediction comes from Lynn Helms, North …
The Phillips 66 donation of $3 million to COVID-19 relief efforts in the U.S. and the United Kingdom included $300,000 to efforts in Bartlesville, Oklahoma, home of a major Phillips 66 operation and research center. Garrett Giles with KWON Radio in Bartlesville reported the money was granted to the Bartlesville Regional United Way Board …
Tenaris, which manufactures steel pipe for the oil industry and is headquartered in Luxembourg is suspending operations at four U.S. plants, including Baytown, Texas and plans to layoff workers at others as demand for its products falls during the oil crash. The company said it has temporarily closed plants in Koppel and Ambridge, Pa.; Brookfield, Ohio, until …
