Texas-based Pioneer Natural Resources Company is attempting to raise more money from investors through a new public offering of $1.1 billion in senior notes. The company announced that it has priced a public offering of $1.1 billion of 1.90% Senior Notes that will mature August 15, 2030 pursuant to an effective shelf registration statement …
** TVA reverses course and rehires 102 workers it let go after President Trump complained it was replacing Americans with foreign workers — a misnomer since the number of employees working on H-1B visas is low. ** Talos Energy, a Houston oil and gas company, said it lost $140.6 million during the second quarter. While Targa Resources, a Houston natural gas pipeline …
The Environmental Protection Agency’s rule to reduce or remove requirements for oil and gas companies to monitor and mitigate methane releases is being fought by Native American tribes in New Mexico. Their focus of the fight is in northwest New Mexico—-better known as the Four Corners Region. Four Corners has the highest concentration of …
The latest rig count in the U.S. by Baker Hughes Co. showed a decline of four nationwide while the number of working oil and gas rigs in Oklahoma was unchanged at eleven. Still, the decline represented a 15-year low in U.S. shale fields as drillers parked more and more of their rigs. Oklahoma’s count …
Increased tensions between the U.S. and China are blamed for causing a slip in oil prices in Friday’s trading, this after President Donald Trump imposed a sweeping but unspecified ban on dealings with the Chinese owners of consumer apps Tik Tok and WeChat. West Texas Intermediate crude for September delivery dropped 73 cents or …
The fight between a wind farm operator who wants to build near Hutchinson Kansas and Reno County is far from over after a district judge ruled the lawsuit against the county can proceed. Reno County District Judge Tim Chambers issued an order denying a motion by Pretty Prairie Wind for an immediate appeal on an earlier …
While the new CEO at struggling SandRidge Energy in Oklahoma City expressed optimism during a conference call about the company’s chances of survival, a filing with the SEC contains some serious reservations. In a filing with the Securities Exchange Commission, SandRidge stated, “We currently project that we will not have sufficient cash on hand …
The USDA’s decision to invest more than$29 million to provide broadband service in unserved and underserved rural areas of Oklahoma has drawn applause from Oklahoma leaders. It is also a boost for two rural telephone companies. Rep. Frank Lucas (OK-03), U.S. Sen. Jim Inhofe, Governor Kevin Stitt and Oklahoma Secretary of Agriculture Blayne Arthur …
Crude oil reserves are finally showing signs of falling, resulting in oil prices in the range of the low $40 and the reduction is evident among operators at the Cushing storage tank farm in Oklahoma. The oil market has begun to adjust to the “new normal” in the global economy, with significantly lower fuel …
A new government report reveals what kind of problems resulted in the shelving of a $1 billion project to harness carbon dioxide emissions from a Texas coal plant. The U.S. Department of Energy says the Petra Nova plant suffered chronic mechanical problems and routinely missed its targets before it was shut down this year …
