Author's posts
Oil producer Marathon Oil confirms layoffs
Houston’s Marathon Oil Corporation confirmed it has laid off nearly 100 workers including some in Oklahoma’s STACK and SCOOP plays where the firm is active. The layoffs represent about 5% of the company’s total workforce. They also followed action by the company’s board cut salaries of its executives and board members. A spokeswoman said …
Oklahoma’s aircraft manufacturing industry hit with layoffs
More layoffs have hit the aero manufacturing industry in Oklahoma. Bethany-based Meta Special Aerospace informed the Oklahoma Office of Workforce Development it would make a mass layoff on Feb. 12 but no figures were ever announced. A company spokeswoman informed the office that the company had been notified of the termination of a significant …
Mullin opposes massive COVID relief bill in Energy and Commerce Committee
The Democratic-controlled House Energy and Commerce Committee voted to approve its portion of the COVID-19 relief budget reconciliation legislation, one with a $188 billion price tag. But it did so without the support of Republican Rep. Markwayne Mullin of Oklahoma. Congressman Markwayne Mullin (OK-02) released the following statement after voting against the Energy …
Rising oil prices attract more drilling interest in Oklahoma
The increased crude oil futures have apparently sparked more drilling interest in Oklahoma as reflected by new drilling permits issued by the Corporation Commission. Completion reports show more 2020 activity by Ovintiv Inc, the Denver-based company that has found big producers, mostly in Oklahoma’s STACK play. The company also obtained more seven more permits …
Oil futures and energy stocks increased in Friday’s trading
As crude oil futures jumped in Friday’s trading with the benchmark U.S. crude crawling closer to the $60 mark, energy stocks in Oklahoma and elsewhere also got a bump. West Texas Intermediate crude for March delivery went up $1.23 to $59.47 a barrel in trading on the New York Mercantile Exchange. The global benchmark, …
Completion reports for February 12, 2021
Completion reports filed on February 12, 2021. CARTER COUNTY Citation Oil & Gas Corporation Penn Sd(1568): Oil 30 Water 72 Pump 16 2S 2W Cox Penn Sand Unit 201, January 08, 2019 SH, OIL, TD: 1781 ft Lat: 34.38405, Long: -97.40483 API: 35019261530002 STEPHENS COUNTY Continental Resources Inc Woodford: Oil 169 Gas 5020 Water 488 Flow 5 2N 4W Forrest 3-5-8-17xhw, June 29, 2020 HH, …
Permits to drill for February 12, 2021
Permits to drill issued on February 12, 2021. Mcclain County JJ HARRISON #1-31, February 12 2021 31 5N 3W N2S2SWNW API: 08722090 Lat: 34.86410281649099, Long: -97.56275296776565 RED ROCKS OIL & GAS OPERATING LLC SH, RC, 11145 ft, SYCAMORE(8175), HARAGAN(8720), HENRYHOUSE(8840), CHIMNEY HILL(9045), VIOLA(9370), SIMPSON (ABOVE OIL CREEK)(10020)
Rep. Lucas urges Biden to expand rural broadband services
Oklahoma Congressman Frank Lucas has joined other U.S. Representatives, Republicans and Democrats who belong to the House Rural Broadband Caucus in sending a letter to President Biden to prioritize broadband investments in his upcoming infrastructure package. “Access to rural broadband has never been more important than it is now. From schools and doctors’ offices to …
Oil giant helped bring about reforms to New Mexico’s regulators
A New Mexico investigative website, New Mexico In Depth reports Exxon Mobil Corporation was one of those firms that contributed to a dark-money group last year, a group that supported reforms of the state’s Public Regulation Commission. The investigative site admitted it wasn’t much…only $10,000 but its story left readers with the opinion that …
Energy news in brief
** Enbridge Inc on Friday forecast higher costs for its long-contested Line 3 pipeline replacement project, citing regulatory and permitting delays, winter construction and COVID-19 protocols, among other reasons. Enbridge now estimates capital costs for the Line 3 replacement project, including the Canadian segment already in service, at $8.18 billion up from $7.08 billion. The increased …
