Tulsa’s WPX Energy says it’s cutting its 2020 spending by $400 million or 25% as oil prices continued to fall because of a lack of demand and the impact of the coronavirus. Company leadership says it has the flexibility to cut more if necessary. “We will continue to assess the market and adjust our activity …
In order to help stop the spread of the coronavirus, the Oklahoma Employment Security Commission (OESC) is encouraging claimants to use the internet to file Unemployment Insurance claims. Information about Oklahoma’s Unemployment Insurance system can be found on the agency website at: https://www.ok.gov/oesc/. In addition to online claim filing, the website contains other information, such as …
Every military installation in Oklahoma now falls under an expanded site list from the Defense Department as it investigates more than 650 sites with suspected contamination from toxic “forever chemicals” used for decades in military firefighting foam. And it includes National Guard facilities at Oklahoma City’s Will Rogers World Airport and the Tulsa International …
Oklahoma U.S. Sen. Jim Inhofe is one of 13 Republican Senators who wrote Saudi Crown Prince Mohammed bin Salman this week urging him to take action to cool tensions in the oil market when at the same time, the world economy is battered by the coronavirus. “It was greatly concerning to see guidance …
Nine counties in Colorado have sued the state over its new oil and gas air-quality rules, claiming the rules unfairly impact rural areas including the western part of Colorado. The counties are suing the Air Quality Control Commission, Air Pollution Control Division and Colorado Department of Public Health and Environment over rules the commission adopted …
** Rosgeologia’s seismic surveys and other related work since the 70s to now indicate that there is at least 513 billion barrels of oil and gas equivalent in Antarctica, and Moscow has now set its sights on the world’s most underexplored continent. ** A Chicago City Council committee approves an ordinance requiring certain new commercial and residential buildings to …
Tulsa-based NGL Energy Partners LP announced Monday that the Board of Directors of its general partner declared a distribution for the quarter ending March 31, 2020 to be paid to the holders of some of the Partnership’s preferred units. The dividend will be paid to holders of the 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable …
Oklahoma City’s struggling Chesapeake Energy Corp is said to be in discussions to consider debt restructuring as its stock tumbles to only 15-20 cents per share. Reuters reported the oil and gas exploration and production company that helped spearhead the U.S. shale revolution, has tapped debt restructuring advisers amid a rout in energy prices, people …
San Antonio-based Abraxas Petroleum Corp. is laying off an unknown number of employees in an effort to reduce spending. The San Antonio Business Journal reported Abraxas reduced its general and administration expenses by 40% through layoffs, salary reductions and a reduction in board size, it informed investors on Monday. It is not known how …
A Chinese company has abandoned its plan to build a massive paper mill in southwestern Arkansas that had already been delayed by trade tensions. Sun Paper told Gov. Asa Hutchinson and economic development officials in a letter dated Sunday that it would not move forward with its plan to build a mill in Arkadelphia, …
