Financial analysts like what financially-troubled Chesapeake Energy is doing to avoid bankruptcy. Investors apparently do too. Stock prices for the Oklahoma City-based company jumped 50 cents in mid-week trading after the firm announced in its quarter…
Another 5,000 workers are being let go by Houston-based Halliburton. It’s on top of the 9,000 laid off in the past year during the energy downturn. A company spokeswoman indicated that the latest roun of layoffs will represent nearly 8 percent of the…
A jury in Stillwater has ordered two pipeline companies to pay more than $6 million in damages over a 2012 wildfire that was sparked by welders ignoring a day-old statewide burn ban.
The jury ordered IPS Engineering L.L.C. and Global Pipeline Construc…
If the New York Times is right, serious problems have developed in the merger between Tulsa-based Williams Companies and Texas-based Energy Transfer Equity. The paper says that just five months after the two firms agreed to the deal, it has become a ni…
Despite huge success with wells producing more than 2,500 barrels of oil a day in 2015 in northwestern Oklahoma, Houston-based Newfield Exploration joined the ranks of numerous other oil and gas companies reporting financial losses for the year. Newfie…
Oilfield equipment manufacturer Kimray Inc. is making layoffs in the wake of the energy downturn that has seen the state lose thousands of workers in the oil and gas patch.
Kimray says it will cut its workforce by 10 percent beginning the first week o…
More than 11,000 people have signed a nationwide petiton drive led by the Washington, D.C. non-profit watchdog, Public Justice aimed against the three energy companies sued last week for causing earthquakes through their wastewater disposal wells.
At …
Gasoline prices are creeping back up in Oklahoma, reaching a statewide average of $1.50 a gallon, according to a check of the population gasoline website, GasBuddy.com.
The site says the $1.50 average compares to the $1.41 one week ago in the state. I…
Oklahoma City-based Continental Resources, Inc. reported fourth quarter and full-year 2015 operating and financial results on Wednesday, showing a fourth quarter loss of $139.7 million or $0.38 per diluted share. The net loss for the quarter totaled $8…
Environmental activist Erin Brockovich took her anti-fossil fuel message to the state Capitol on Wednesday, hoping to influence legislators to take steps to end earthquakes that many believe are being caused by wastewater disposal wells. She is seekin…
