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 …
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 …
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, …
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 …
New legislation aimed at prohibiting the state of Texas from doing business with any investment firms boycotting oil and gas companies could be unveiled this week in the Texas legislature. It’s a bill to be filed in response to investment companies and banks that have attempted to stop doing business with oil and gas …
While the analytical firm Enverus reported a drop in U.S. rig numbers in the past week, Baker Hughes Co. reports an increase of 5 nationally to 397. But many more rigs remain in storage. Oklahoma’s count fell one to 17 compared to the 50 rigs active one year ago. The national count included an …
Skip to content Oil prices fell and energy stocks followed suit on Thursday. Benchmark US crude oil, West Texas Intermediate for March delivery finished down 44 cents to $5.824 a barrel. It was the first decline in the past 9 days of trading. Global benchmark Brent crude oil for April delivery dropped 33 cents to …
The Texas company heavily targeted by Native Americans and environmentalists over its Dakota Access pipeline has turned more of its focus on creating a better environment. Energy Transfer announced Thursday the creation of a new group within its Partnership to develop alternative energy projects “aimed at continuing to reduce its environmental footprint throughout its …
Instead of joining 14 other Republican attorneys general in writing the President to protect his killing of the Keystone XL pipeline, Oklahoma Attorney General Mike Hunter did it on his own. In an announcement on Thursday, Hunter said he sent a letter dated Feb. 11 to President Biden in which he urged him to …
Despite the increase in crude oil prices both in the US and overseas, the number of active oil and gas rigs in the U.S. fell by 12 in the past week reported the Texas based monitoring firm, Enverus Rig Analytics. The company said numbers fell to 435 as of Feb. 10. However, Enverus said …
