A Wisconsin-based frac sand mine operator with seven operations in Oklahoma has filed Chapter 11 bankruptcy, blaming largely the COVID-19 pandemic and falling oil prices. Covia filed Chapter 11 bankruptcy this week saying a restructured plan negotiated with lenders will eliminate more than $1 billion in fixed costs. The Ohio-based company said it has more …
Oklahoma and three other states will be the site of a large 2.3-gigawatt portfolio of wind and solar projects proposed by the North American arm of European energy giant Engie SA and climate-focused investor Hannon Armstrong. The two will split equity ownership of the Engie-developed portfolio, with that company maintaining a 51 percent majority interest …
Tesla’s Elon Musk is so impressed by a video encouraging him to locate a new truck plant in Tulsa, he might visit the city. It’s what he tweeted this week after a two-minute video was released in support of building the new Cybertruck Gigafactory in T-Town and not in Austin, Texas according to the …
The new trade agreement known as USMCA is now in effect. Wednesday was the first day of the U.S.-Mexico-Canada free trade agreement, one that received wholehearted support among Oklahoma’s members in Congress. The agreement is considered to be the start of a new era for improved trade among the North American trading partners and …
As expected, new numbers from Baker Hughes show how the COVID-19 pandemic has sent the number of oil and gas rigs tumbling across the world during the month of June. The Houston-based company announced that the Baker Hughes international rig count for June 2020 was 781 down 24 from the 805 counted in May 2020, and down …
With the Independence Day holiday approaching, the Oklahoma Department of Environmental Quality (DEQ) encourages Oklahomans to visit the state’s lakes, rivers, or streams. While recreating at these natural water bodies, DEQ reminds you to follow some simple tips to help keep you and your family safe while swimming, boating, canoeing, or enjoying other water activities. …
Threats and opportunities in the energy industry will be the topic of the next University of Oklahoma Energy Institute webcast. The discussion, slated to go online July 8, will feature Michelle Michot Foss, fellow in energy and minerals at Rice University’s Baker Institute. Energy Institute board member Jay Jimerson, manager and general counsel at Cardinal …
Oklahoma Corporation Commissioner Todd Hiett received nearly $75,000 from PACs and some of Oklahoma’s largest utilities,energy groups and oil and gas companies as he campaigned to win his primary election this week. Campaign contribution reports filed in late June with the Oklahoma Ethics Commission showed Hiett, a Republican seeking his second full term on …
Oil futures got a shot in the arm on Wednesday following a report showing the largest weekly drop in domestic crude inventories so far this year. The Energy Information Administration reported Wednesday that U.S. crude inventories fell by 7.2 million barrels for the week ended June 26. That followed three consecutive weeks of increases. As a …
Completion reports filed on July 1, 2020. BLAINE COUNTY Paloma Operating Co Inc Mississippian(11661): Oil 67 Gas 12752 Water 1264 Flow 19 14N 12W Beltbuster 19-14n-12w 1h, January 30, 2018 HH, GAS, TD: 17751 ft Lat: 35.68104, Long: -98.52503 API: 35011238490001 CANADIAN COUNTY Cimarex Energy Co Woodford(11076): Oil 78 Gas 1416 Water 1302 Flow 32 11N 7W Jd Hoppinscotch 4-32h, July 21, 2018 HH, GAS, TD: …
