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…
Houston-based Halliburton confirms it laid off another 4,000 workers in the final three months of 2015 bringing the total to nearly 22,000 employees let go since 2014. The reduction amounts to a 25 percent cut in the company’s global workforce and comp…
While many major oil and gas companies are retrenching amidst the energy downturn, Tulsa-based BlueStone Natural Resources is expanding with the recent $245 million purchase of bankrupt oil and gas producer Quicksilver Resources of Fort Worth, Texas.
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Tulsa based Williams and Williams Partners have announced they’re slashing their 2016 growth capital funding by nearly $1 billion or 32 percent from the partnership’s previous plans. The new funding goal totals $2 billion and according to the Monday an…
Stating that 40 percent of the methane gas being ‘flared’ or burned off by oil companies on public lands could be captured economically and sold, the Obama administration wants to create new rules putting an end to the practice. A report by the Governm…
Two big financial announcements were made recently by financially-struggling SandRidge Energy, Inc. in Oklahoma City. On Friday, the company announced it and a third party agreed to settle all claims between them arising out of a 30-year agreement for …
The rig count in Oklahoma remained steady at 87 in the past week while the nation’s count fell by 13 to reach a U.S. total of 637, according to the latest rig count from Baker Hughes Company based in Houston, Texas. It’s another indication there are fe…
The resignation of Jay P. Still as president and chief operating officer of Tulsa-based Laredo Petroleum will be effective Jan. 28. The company announced his resignation this week, just as the firm also laid off about 75 employees and said it would be…
Those sliding oil and natural gas prices have taken a hit on another Oklahoma based energy company as its trading on the New York Stock Exchange has dropped to such low points that it has been warned of being in non-compliance.
Seventy Seven Energy In…
While other companies have reported quarterly dividends, Oklahoma City-based Chesapeake Energy has suspended payments on each series of its outstanding convertible preferred stock effective immediately.
Money problems have caught up with the company a…
