Category: Oil & Gas

OIPA Hires Hollye Hunt as New VP of Legislative Affairs

Hollye Hunt was recently named as vice president of legislative affairs for the Oklahoma Independent Petroleum Association, according to the association’s website. Hunt will lead legislative outreach efforts on behalf of OIPA members and supporting service companies. “The OIPA has a distinguished record of legislative accomplishment, and I am confident Hollye’s own proven history will …

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OKOGA Expands Operations, Hires Natalie Kinmonth and Donelle Harder as New VPs

The Oklahoma Oil & Gas Association (OKOGA) announced Friday it has expanded its operations with the hiring of Natalie Kinmonth as vice president of membership and development and Donelle Harder as vice president of communications. Kinmonth began on November 3 while Harder’s first day of employment will be November 14. “With OKOGA’s quickly growing membership, …

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U.S. Steel Honors Harold Hamm With 2016 Chief Roughneck Award at IPAA Meeting

U.S. Steel Tubular Products, Inc. recognized Harold Hamm as the recipient of the 2016 Chief Roughneck Award.  The announcement was made at the 87th annual meeting of the Independent Petroleum Association of America held in Sea Island, Georgia on Friday. “Harold is a tireless advocate for America’s energy independence,” said David Rintoul, U.S. Steel senior …

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McClendon Estate Claims Forgery, Rejects $500,000 Personal Loan From 1991

A $500,000 claim by a retired Tulsa businessman against the estate of Oklahoma City oil tycoon Aubrey McClendon is allegedly unenforceable or the result of forgery, according to pleadings filed by the estate’s legal counsel. Thomas A. Quinn claims he loaned half a million dollars in cash to Aubrey McClendon back in 1991. Quinn’s documentation …

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Harold Hamm Will Remain as Continental CEO in Oklahoma City

Despite being named as a key energy advisor to Republican president-elect Donald Trump, Oklahoma oilman Harold Hamm said Wednesday he will remain at the helm of Continental Resources Inc. Hamm communicated his sentiments to his employees via email on Wednesday. “As excited as I am to see this change come to Washington, D.C., I remain …

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SandRidge Confirms Layoffs Expected Soon

After emerging from bankruptcy last month, Oklahoma City-based SandRidge Energy is expected to trim its workforce soon, according to a comment made on Wednesday by CEO James Bennett in a conference call with analysts. Citing low commodity prices, David Kimmel, a SandRidge spokesman, also confirmed the layoff announcement with the Journal Record on Friday. No …

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Crude Oil Futures Slip on Thursday

Oil futures settled lower on Thursday for the first time in four sessions on the eve of Veterans’ Day, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, December West Texas Intermediate crude fell 61 cents, or 1.4% to settle at $44.66 a barrel after rallying in each of the last three sessions. On the …

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Trump Wins Election, Crude Oil Futures Rise to One Week High on Wednesday

Oil futures settled at their highest level in a week on Wednesday following a volatile session, as Donald Trump claimed victory in an astonishing U.S. presidential election, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, December West Texas Intermediate crude rose 29 cents, or 0.6%, to settle at $45.27 a barrel, the highest finish …

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Gross Production Collections Show Increase in Oklahoma For 1st Time in Two Years

Oklahoma Treasurer Ken Miller released October gross receipts on Tuesday and for the first time in nearly two years, the gross production tax revenues topped those from the same month a year earlier. Miller said the collections were still significantly lower before the ongoing oil price slump but said the October gross production collects of …

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Crude Oil Settlements Remain Afloat on Election Day Tuesday

Crude oil futures posted a small gain Tuesday as the U.S. elected the nation’s next president, according to Bloomberg MarketWatch. December West Texas Intermediate crude rose 9 cents, or 0.2%, to settle at $44.98 a barrel on the New York Mercantile Exchange. Prices gained 1.9% on Monday after posting declines for six sessions in a row. …

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