Just as Parsley Energy prepares to be acquired by rival Pioneer Natural Resources Company in an all-stock deal valued at $4.5 billion, Parsley is laying off nearly 234 workers in Austin, Texas. The layoffs, effective Feb. 8, 2021 are part of Parsley’s move to shut down all of its offices at the hub in the …
With Christmas holidays fast approaching, there’s a growing debate whether gasoline prices will increase due to possible growing demand as the public ignores COVID-19 and has family gatherings or will the prices as the pump stay low. Kiplinger’s predicts increased prices carrying into 2021 but still at low levels compared to one year ago. …
A report by Bloomberg suggests the state of North Dakota isn’t expecting any shale oil production turnaround in 2021 and expects the COVID-19 impact to last through 2022. North Dakota, where Harold Hamm and his Continental Resources in Oklahoma made their names well known is now expecting a delayed resumption of large-scale crude oil …
Oklahoma City-based Ascent Resources Utica Holdings, LLC announced Monday it was seeking $300 million in investments through the offering of senior unsecured notes due 2028. The offering was made with Ascent’s wholly-owned subsidiary ARU Finance Corporation. The company stated it will use the proceeds to pay down part of its outstanding borrowings under its …
Permits to drill issued on December 14, 2020. permits: none were processed today
Completion reports filed on December 14, 2020. completions: none were processed today
Those in the energy industry are watching closely as the Friday deadline approaches for the US Senate approval of a $1.4 trillion omnibus spending package and whether it might include an energy package. Friday is a government funding deadline and negotiators have only a few days to finalize the massive government funding package. POLITICO …
Helping Oklahoma oilfield families in their time of need. And with high unemployment because of the COVID-19 pandemic, there is plenty of need across Oklahoma. But a grassroots coalition started by one woman and now supported financially by such groups as the Petroleum Alliance of Oklahoma is helping those that it can. The Alliance …
A report by Reuters indicated more U.S. Midwest refiners are taking steps to ship more gasoline and diesel to East Coast buyers because of closures of refineries and cutbacks at others. Refiners such as BP and Husky Energy are looking to East Coast markets to increase their sales and margins. One energy group analyst …
Just as the energy industry, specifically oil and gas is dragging down the Oklahoma economy, other states are seeing the same development. Wyoming, a state where Oklahoma oil and gas developers have explored in the past and some firms have operations shipping oil to Cushing is suffering the same fate from the COVID-19 pandemic and …
