President Obama wants to take another swing against the U.S. oil and gas industry by imposing a $10 fee on every barrel of domestic oil produced in the country. As The Oklahoman’s Chris Casteel reported on Friday, it will be part of the President’s bud…
With more than $42 million in liabilities, the exploration and production company Osage Exploration and Development Inc. filed for Chapter 11 bankruptcy protection this week in federal court.
The company announced the filing on its website, stating, “…
The latest energy sector layoffs in Oklahoma occurred this week at Helmerich and Payne operations in Tulsa where 40 workers were let go out of the Tulsa workforce of about 500. Worldwide, Helmerich and Payne had more than 6,700 employees.
A company an…
Ascent Resources, LLC announced Thursday the early participation results of their private offer to exchange Convertible Subordinated Notes. The company has offered to exchange all of the outstanding 3.50 percent Convertible Subordinated Notes due 2021 …
“Lost year for Oklahoma economy.” Dr. Russell Evans.
While the news turned sour for 172 workers at SandRidge Energy in Oklahoma this week, there was an indication from the Oklahoma Energy Index that its recent contraction had slowed because …
While some oil and gas companies are struggling to stay afloat in Oklahoma amidst the energy downturn, others are pushing ahead with operations. Many will be on hand in a few weeks at the 2016 Mid-Continent Digital Oilfield Conference in Tulsa.
On han…
The layoffs of another 172 workers by SandRidge Energy this week no doubt will affect the state’s jobless rate. But the latest report from the Oklahoma Employment Security Commission indicated the unemployment rates went up in December in only two of t…
What happened this week in California could be a wakeup call to many natural gas utilities across the nation. Los Angeles prosecutors filed misdemeanor criminal charges against the Southern California Gas Co. for failing to immediately report a natural…
Tulsa-based Williams Companies is right in the middle of a 685-mile long gas pipeline project for the nation’s Southeast markets that won approval this week from the U.S. Federal Energy Regulatory Commission. The project would also create 339,400 horse…
While many environmentalists and anti-oil and gas industry advocates contend ‘fracking’ has caused Oklahoma’s surge in earthquakes, a recent study by the U.S. Geological Survey says otherwise. However, it points to the hundreds of wastewater or “salt w…
