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…
Category: General
Another Oklahoma Oil Exploration Company Files Bankruptcy Protection
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, stat…
Helmerich and Payne in Tulsa Layoffs of 3 Dozen workers
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 comp…
Crude Prices Settle Lower on Thursday as Doubts Rise over Production Cuts
Traders pushed oil lower as new doubts over production cuts emerge on Thursday. March West Texas Intermediate crude lost 56 cents to end trade at $31.72 a barrel on the New York Mercantile Exchange. Brent crude slipped 58 cents. The London ICE Futures …
Oil and Gas Conference Approaches in Tulsa
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.
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Newest Jobless Rates Don’t Reflect Latest Oilfield Layoffs
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 tw…
Well Blowout Leads to Criminal Charges against Gas Company
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 n…
FERC Approves Major Gas Pipeline Project in Southeast
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…
Lankford Wants to Keep Everyone Honest with Wind Tax Credit Phaseout
“This is keeping everyone honest.” Sen. James Lankford.
Whether Sen. James Lankford’s amendment to finally phase out federal government tax subsidies to the Wind Industry is successfully passed, we’ll have to wait and see what the U.S. Senate…
Production Cut Optimism Pushes Crude Above $30 on Wednesday
Traders bought into new signals that Russia wants to talk with OPEC about production cuts pushing crude prices higher on Wednesday. March West Texas Intermediate crude rose $2.40 to settle at $32.28 a barrel on the New York Mercantile Exchange. April B…