Imagine the city of Guthrie, Oklahoma being eliminated. Slightly more than 10,000 people. Or Weatherford, Oklahoma. That’s the impact of what executives at BP plan to do as the company reveals it will cut about 15% of its entire workforce as a response to the coronvavirus. It is part of Chief Executive Bernard Looney’s …
A restructuring of Tulsa-based Mid-Con Energy Partners, LP saw the company’s top executive and some board members leave the company. Randy Olmstead, who has been the President and CEO at Mid-Con since it was founded in 1986 resigned as did Fred Ball Jr., John “J.W.” Brown and Peter A. Leidel. Wilkie S. Colyer, Jr., …
** The Environmental Protection Agency (EPA) broke the law in approving agricultural weedkilling products sold by Bayer and two other chemical giants, ignoring clear evidence that the new herbicides would cause widespread damage to crops, a federal court ruled on Wednesday. ** The U.S. Environmental Protection Agency released on Thursday a proposed overhaul of how major clean …
The combination of an upbeat jobs report and OPEC’s weekend meeting to discuss continued oil production cuts prompted oil prices to jump to nearly $40 a barrel in the U.S. and stocks in oil firms to soar. West Texas Intermediate futures shot up nearly 6% or $2.14 a barrel, finishing Friday at $39.55 on the …
Oklahoma’s rig count dropped to eleven this past week while the nation’s rig count plunged by another 17, leaving only 284 working in the U.S. Oklahoma’s count had lingered a few weeks on 12 while one year ago, the state had 101 active oil and gas rigs. But permits to drill have been few …
Shares of Chesapeake Energy Corp. CHK, +76.51% rocketed 50.3% in active afternoon trading Friday, boosted by a surge in crude oil prices ahead of a weekend meeting of major oil producers. Market Watch reported that volume swelled to 5.5 million shares, compared with the full-day average of about 2.5 million shares. The oil and gas company’s stock, has now more …
Oklahoma City’s Chesapeake Energy continues to be on a list of analysts who predict will be among those firms filing for bankruptcy this year, a move hastened perhaps by the COVID-19 pandemic and the oil crisis. Analyst Travis Hoium, writing for Motley Fool predicted Chesapeake is one of three firms he believes will head to …
Completion reports filed on June 5, 2020. CARTER COUNTY Mack Energy Co Deese(2700): Oil 40 Gas 10 Water 60 Pump 7 2S 2W Sw Wildcat Jim Deese Unit 11-2, March 26, 2020 SH, OIL, TD: 4282 ft Lat: 34.40207, Long: -97.44909 API: 35019263490000 Mack Energy Co Deese(2876): Oil 4 Water 184 Pump 7 2S 2W Sw Wildcat Jim Deese Unit 15-1, April 24, 2020 SH, …
Permits to drill issued on June 5, 2020. Woodward County HARGIS 21/16-20-17 #1H, October 30 2018 28 20N 17W NESWNENE API: 15323637 Lat: 36.18556715868263, Long: -99.01225696345348 TAPSTONE ENERGY LLC MU, AM, 21129 ft, MISSISSIPPIAN (LESS CHESTER)(9350), MISSISSIPPIAN(10400)
In a move considered beneficial to energy companies and criticized by environmentalists, President Donald Trump on Thursday signed an executive order that gives federal agencies emergency powers to fast-track major energy and other infrastructure projects by overriding environmental permitting requirements. The White House said the order was a way to help the economy rebound from …
