Regulators in North Dakota are following actions of Oklahoma and Texas to consider requests for mandated reductions in crude oil production. North Dakota regulators have set a May 20 hearing date in which they will hear testimony for and against arguments of some that the current production of crude oil is a waste of energy. …
Technicians at NextEra Wind Energy in south central Kansas suspect a strong thunderstorm played a role in causing extreme damage to one of the company’s wind turbines. It was near the small town of Cairo in Pratt County where a blade was broken off and the generator was badly damaged, according to the …
** North Dakota regulators will hear testimony next month on whether oil production at current low prices amounts to wasting natural resources, potentially setting the stage for output restrictions. ** New Mexico regulators delay a decision on a proposed solar and storage project to offset the loss of the San Juan Generating Station. ** A federal judge criticizes PG&E for failing to …
Canadian company STEP Energy Services added four more employees to its list of those laid off this month at its facilities in McAlester. The company notified the Oklahoma Workforce Development office this week, adding to the 15 who were let go in early April. A notification was also made to McAlester mayor John Browne. With …
ConocoPhillips reported a first-quarter 2020 loss of $1.7 billion, or ($1.60) per share, compared with first-quarter 2019 earnings of $1.8 billion, or $1.60 per share. Excluding special items, first-quarter 2020 adjusted earnings were $0.5 billion, or $0.45 per share, compared with first-quarter 2019 adjusted earnings of $1.1 billion, or $1.00 per share. Special items for …
Two years after activist investor Carl Icahn won control of Oklahoma City’s SandRidge Energy allowing him a slate of 5 directors, the company’s board of directors is preparing for its annual shareholders meeting in June and urging the reelection of four of the five. The meeting comes less than a month after …
While Oklahoma Attorney General Mike Hunter contends an easing of absentee voting requirements will only lead to more voter fraud, his office is already dealing with another form of fraud—unemployment compensation. People claiming jobless benefits when they’re cheating those really out of work. The Oklahoma Employment Security Commission reports the discovery of thousands of fictitious claims …
In releasing results of its first quarter 2020 financial results this week, Tulsa-based ONEOK make it clear the spread of COVID-19 and recent energy industry developments had an adverse effect on the company. And finances might not improve anytime soon as ONEOK reported a quarterly loss of $142 million or 34 cents a share in …
The same day of a Reuters report that Chesapeake Energy was close to possibly filing bankruptcy, the company filed an amended proxy statement with the Securities and Exchange Commission. It detailed payments to the board of directors as well as company’s executive officers. Board chairman R. Brad Martin received total payment of $650,000 while members …
Houston’s Trinity Operating USG LLC has a history of drilling in Oklahoma’s Arkoma basin in the southeast and reported this week completions of two wells on a single pad producing more than 18,000 Mcf of natural gas. The two Glynell wells, drilled at 31 8N 12E which is a site near the Canadian River …
