Texas regulators spent Tuesday hearing calls for the state to forcibly reduce oil production while others in the oil and gas industry argued against it. The Texas Railroad Commission heard testimony from those for and against the issue and it came only a few days after OPEC struck a deal to reduce oil …
Devon Energy’s sale of its Barnett Shale assets in North Texas was increased by $170 million under an amended contract with Banpu Kalnin Ventures. Under the amended terms, Devon has agreed to sell its Barnett Shale assets to BKV for up to $830 million of total proceeds, consisting of $570 million in cash at …
** Murphy Oil Corporation will host a conference call and webcast beginning at 9:00 a.m. Eastern Daylight Time (EDT) on Thursday, May 7, 2020 to discuss first quarter 2020 earnings. The company plans to release its financial and operating results before the market opens that morning. ** Plains All American Pipeline, L.P.and Plains GP Holdings announced they will …
Oklahoma Treasurer Randy McDaniel isn’t optimistic as the number of shut-in oil wells in the state is growing and will have a downside to the gross production tax revenue. In a statement to OK Energy Today, which reported shut-in wells begun by two Texas companies with dozens of operations in Oklahoma, McDaniel said producers are …
A new report detailing the 20 “most endangered” rivers in the U.S. was released this week showing the upper Mississippi and lower Missouri rivers were in the top category. No rivers in Oklahoma, Texas, New Mexico and Colorado were on the list while the Missouri river that brushes northeast Kansas was part of those determined …
It might soon be possible for Oklahomans to carry concealed handguns onto property of the Army Corps of Engineers. As POLITICO reported, the Army Corps of Engineers on Monday proposed lifting restrictions on firearms on the roughly 12 million acres of land it controls. The policy change, long sought by GOP members of Congress through unsuccessful …
Colorado’s Delta-Montrose Electric Association is bailing out of the Tri-State Generation and Transmission group but it will have to fork over about $86 million to do it. Reports indicate the arrangement still needs approval by the Federal Energy Regulatory Commission and the settlement means Delta-Montrose will pay $26 million for the purchase of facilities and …
The mayor of Hobbs, New Mexico has a message to the oil and gas industry that has helped his city through its drilling operations in the Permian Basin of the state—-we are there to help you and support you. It’s what Mayor Sam Hobbs said in a recent editorial written for the Hobbs News-Sun. “Due …
The state of North Dakota prepares for a slowdown in drilling activity by its largest producers—Oklahoma’s Continental Resources Inc. and Marathon Oil Company of Houston. As Continental recently indicated, it plans a suspension of its quarterly dividends and will cut crude oil production in the Bakken and elsewhere. Marathon said it will take hydraulic fracturing …
Man-camp provider Civeo Corporation is feeling the impact of the coronavirus pandemic and the oil downturn as the Houston company, with operations in Oklahoma announced it is withdrawing its previously announced 2020 guidance. It confirms it has already laid off large numbers of its workforce including most of the handful who worked in Oklahoma. …
