Oklahoma City-based SandRidge Energy reportedly started making more layoffs on Tuesday as many reports indicate the firm is on the verge of filing for bankruptcy over its $4 billion in debt.
Social media is filled with comments of SandRidge workers wh…
Those $35 a barrel oil prices aren’t stopping production by energy companies in Oklahoma as some are reporting 1,400 a barrel a day wells in the state according to the Completion Reports published on OK Energy Today.
Newfield Exploration of Houston ha…
It might be a case of waiting for the other shoe to drop. First oil prices plunged then some 42 firms filed for bankruptcy last year across the country. In Oklahoma, SandRidge Energy is at the top of the list of those speculating or betting on which c…
While Oklahoma government leaders grapple with a budget hole of an estimated $1.1 billion, the state of Louisiana has an even bigger budget hole of $1.9 billion. Both states are suffering because of the massive downturn in the oil and gas industry. B…
It might be a case of waiting for the other shoe to drop. First oil prices plunged then some 42 firms filed for bankruptcy last year across the country. In Oklahoma, SandRidge Energy is at the top of the list of those speculating or betting on which c…
Oilman Harold Hamm remains bullish on the oil and gas industry, repeating his prediction that the future still looks bright for the industry and prices will rebound later this year. He first made the prediction earlier in the month during an interview …
With oil prices hovering around the $33 a barrel mark late in the week, the nation’s oil and gas producers are quickly backing off drilling efforts as the nation lost another 18 rigs in the past week, tumbling to a total of 619 still in the fields. Okl…
While Oklahoma’s loss in the oil patch figures to be close to 12,000 employees in the past year, in the state of Texas an estimated 288,000 have lost jobs because of what’s happened to energy prices. One report says 72,000 of those are direct losses in…
Not all of the wastewater dumped into those controversial injection wells suspected of causing earthquakes in Oklahoma came from state wells. A small amount came from out-of-state.
Of the 1.5 billion barrels pumped back below the earth’s surface in 2…
In a move that will affect some Oklahoma energy companies and their possible borrowing abilities, Fitch Ratings in New York has revised its 2016 rating outlook for the U.S. Oil and Gas industry to Negative from Stable.
It’s due to the impact of fallin…
