Oklahoma Corporation Commissioners on Wednesday decided the request made by an oil producers group for statewide prorationing of crude oil production would not be approved due to increased prices and was no longer necessary. Instead, the Commissioners, meeting in person at the agency’s headquarters voted 3-0 in a move in which they declared the …
Oklahoma U.S. Sen. Jim Inhofe was one of those who joined Texas Republican Sen. John Cornyn this week in filing a bill to provide relief to the nation’s energy industry. He supported the SAVE Jobs Act, stating, “Right now, oil and gas is hurting in Oklahoma and, in a state where one in five jobs …
** Mexico’s largest oil refinery, the Salina Cruz refinery, is offline after a fire broke out in the refinery following a 7.4 magnitude earthquake in the area. Pemex, Mexico’s state-run oil company, said that the fire was immediately extinguished. The refinery has an installed capacity of 330,000 barrels of crude oil per day but hasn’t been producing that much for …
Environmentalists with the Sierra Club are asking a federal judge to halt construction of a $2 billion natural gas pipeline being built by Houston pipeline operator Kinder Morgan through the scenic Texas Hill Country. The club argues that the U.S. Army Corps of Engineers skirted federal environmental laws when it issued a federal permit to …
Using a filing with the Securities and Exchange Commission, Laredo Petroleum announced a reduction in its workforce and the departure of its chief financial officer and senior vice president. It also announced the hiring of a Chesapeake Energy executive. The Tulsa-based firm said it had reduced its staff by 22 employees and blamed falling …
Oklahoma City’s Chaparral Energy reports completion of two wells on a single pad in Canadian County, a favorite drilling target of the company. The two Fuji 1206 wells are located at 19 12N 6W, a site located four miles east of El Reno and south of Interstate 40. Their combined production was 529 …
A week after Oklahoma State University denamed one of its buildings on the Stillwater campus because it bore the name of an early-day Governor who expressed racist and segregationist views, Oklahoma leaders aren’t commenting whether his name should be removed from a large southern state lake. The governor in question was Gov. William H. …
Part of the $1.6 billion in USDA investments to improve rural electric infrastructure in 21 states is going to Oklahoma. USDA is providing loans and loan guarantees to rural electric cooperatives and utilities through the Electric Loan Program. The recipients will use the funds to build and improve 9,138 miles of electric transmission and distribution …
Senator James Lankford (R-OK) joined Senator John Cornyn (R-TX) to introduce a bill to provide relief to America’s energy industry during the coronavirus pandemic. The SAVE Jobs Act aims to promote liquidity and flexibility for domestic energy companies so they can maintain their workforce through the pandemic’s economic downturn. Lankford and Cornyn were joined by …
An analysis of oil and gas trading shows that one of the top firms is Oklahoma’s Williams Companies—at least according to Barron’s. The weekly magazine reports Williams has done best since March 6 because it is more focused on natural gas rather than crude oil production. Williams is up 12% since then. Another energy …
