More oil and gas rigs were lost in the U.S. and in Oklahoma in the past week, according to figures from Baker Huges Company and the losses reflect more dramatically the impact of the energy downturn in the nation. Oklahoma lost two more rigs, dropping…
Devon Energy confirms it is closing its Houston area offices, affecting about 60 workers. The move comes about a month after the Oklahoma City-based energy firm announced a cutback of 20 percent of its total workforce. The layoffs in February affected…
Tallgrass Energy based in Leawood, Kansas is paying $440 million for part of the Rockies Express Pipeline company. The purchase is being made by Tallgrass Development’s wholly owned subsidiary, Rockies Express Holdings, LLC. The firm is acquiring Sempr…
SandRidge Energy in Oklahoma City released its long-awaited fourth quarter and 2015 fiscal reports, indicating its debt has grown to $3.6 billion dollars after losses were reported in both the fourth quarter and for the year.
The debt for 2015 grew to…
Some 241 oil well service workers in Texas and New Mexico are being paid a total of $1.5 million, including $750,000 in back wages following a federal government investigation into the oil and gas sectors in both states.
Nova Mud Inc., Nova Hardbandin…
SandRidge Energy in Oklahoma City released its long-awaited fourth quarter and 2015 fiscal reports, indicating its debt has grown to $3.6 billion dollars after losses were reported in both the fourth quarter and for the year.
The debt for 2015 grew to…
Oil futures fell for a fifth straight session on Tuesday to settle at their lowest level in two weeks, as traders braced for industry reports that are likely to show another increase in U.S. crude supplies, according to Bloomberg Marketwatch.
Prices s…
The contraction of the Oklahoma Energy Index continues, and it is Oklahoma?s rural communities that have faced the greatest economic hardship.
The Oklahoma Energy Index contracted for the 13th consecutive month in January, leaving activity in the sta…
Low petroleum prices continue to pummel producers all across Oklahoma hard. Among the hardest hit are the small and marginal producers who don?t have very deep pockets when it comes to weathering the low-price storm. Many of those producers are seein…
The energy downturn is affecting the state of Wyoming in a way it didn’t see coming…..an outward migration of people. In short, more people are leaving the state than are coming to make a home there and State leaders put the blame on the loss of thou…
