When the COVID-19 smashed the oil patch and left tens of thousands of oil and gas workers unemployed, some made the leap to the renewable energy industry. CBS Money Watch has a story about what some North Dakota workers did when they were left on the unemployment lines. Click here to view the story.
A threat exists in the Permian Basin and Oklahoma City’s Devon Energy is one of those companies that might be feeling it. It’s a political threat and it has the attention of many in the oil and gas industry in southeast New Mexico and West Texas, not to mention stretching all the way to …
If Brook Simmons had any reservations or doubts about taking over the leadership of the Petroleum Alliance of Oklahoma in the middle of the COVID-19 pandemic, he didn’t express them. “I like to be optimistic,” he said in an interview with OK Energy Today, an interview conducted over the phone because of the new …
In a $2.56 billion all-stock merger, Oklahoma City-based Devon Energy Corp. has acquired Tulsa’s WPX Energy Inc., a move that will expand Devon’s presence in the Delaware portion of the Permian Basin across West Texas and New Mexico. The deal values WPX at $4.56 a share, just 2.7% higher than the stock’s closing price …
Energy stocks in Oklahoma and those with operations in the state might do better next week—-that’s no doubt the hope of the leaders and investors in those companies as trading came to an end on Friday. Alliance Resource Partners saw a one cent increase to $2.87 while Blueknight Energy Partners jumped more than 3% …
Oil futures edged lower on Friday, with both major benchmarks posting their third weekly decline in four weeks as worries about the demand outlook have grown in response to rising COVID-19 cases. West Texas Intermediate crude for November delivery fell 6 cents, or nearly 0.2%, to settle at $40.25 a barrel on the New York …
The magical question. Where is the oil and gas industry headed in Oklahoma? If anyone knew the answer, fortunes could be made. Misery could be ended in the industry, or in some cases, extended. “I think we’re bumping along the bottom here and I think our members are thinking about what the new world …
** Just a week after revealing its plan to turn itself into a clean-energy giant, BP Plc watched its share price drop to a 25-year low. The company’s shares closed in London on Thursday at 232.4 pence, the lowest level since October 1995. ** Eighty-five Democratic lawmakers, led by Reps. Jamie Raskin (Md.), Suzanne Bonamici (Ore.) and Kathy Castor (Fla.), wrote to the Commerce …
Oklahoma stood still in terms of active drilling rigs in the past week while the nation’s count grew by 6 to reach 261. Baker Hughes Company reported Oklahoma’s count stayed at a dozen active rigs but nationally, the number of oil rigs increased by 4 to reach 183 and the number of gas rigs …
While a University of Colorado Denver researcher found that only 20% of 488 public airports she surveyed have adopted solar panels for use in the past decade, Oklahoma City’s is not one of them. It’s the finding of School of Public Affairs researcher Dr. Serena Kim who questioned the airports about adoption of solar …
