Unemployed people in states that cut off benefits early didn’t come rushing back to work—that’s the headline of a monthly update from Oklahoma’s Office of Workforce Development. Bill Hancock, Business Services & Rapid Response Coordinator reported, “These extra federal benefits have become a lightning rod. Many business owners and politicians complain the money is encouraging people to …
Citizen Energy acquires more Oklahoma holdings
Tulsa-based Citizen Energy announced that it has entered into a definitive $153 million Purchase and Sale Agreement with an undisclosed seller for holdings in the STACK and SCOOP plays of Oklahoma. The Purchase and Sale Agreement provides that Citizen will acquire ~8,000 BOEPD of production (58% gas and 25% NGLs), 97 operated wells, 400 …
Oklahoma joins the march toward higher prices at the pump
No doubt about it—gasoline prices are going up and up with the national average rising 8 cents in the past week to reach an average $3.27 and Oklahoma’s average increasing 7 cents to an average $2.91 per gallon. But nearly half of the 77 counties in the state are close to or well higher …
Arkansas trucking company founder dies
The founder of Arkansas-based USA Truck Inc., Robert “Bob” Powell died this past week. He was 87 and led the giant trucking company headquartered in Van Buren, Arkansas. Click here for Arkansas Business report.
Oil prices make 1.5% gain in Monday’s trading
With a growing demand for more fuel across the globe, oil prices on Monday saw a 1.5% gain for the day and in the U.S. they reached the $80 mark. Oklahoma energy stocks didn’t have the same kind of day. West Texas Intermediate crude went up $1.15 or 1.5% and finished the day at …
Oklahoma City hosts Oil and Gas Expo on Thursday
The Oklahoma Oil & Gas Expo is set to begin this week on the State Fairgrounds in Oklahoma City. Sponsored by the Sustaining Oklahoma’s Energy Resources division of the Oklahoma Energy Resources Board, the event will be held Oct. 14 from 9 a.m. to 3 p.m. in the Bennett Event Center. This year’s Expo …
Devon leader to keynote oil conference in Midland
Devon Energy’s Clay Gaspar will be the keynote speaker at next month’s Executive Oil Conference and Exhibition in Midland, Texas. His keynote address will be “The Permian Dividend Gusher.” As Executive Vice President and Chief Operating Officer, Gaspar will discuss what it takes to succeed in the nation’s most prolific shale play— and how Devon …
Chesapeake Energy goes in-house to pick new leader
Chesapeake Energy Corporation is under new leadership but a face familiar with others in the Oklahoma City-based company. The Board of Directors chose Domenic “Nick” Dell’Osso to be the company’s new President and Chief Executive Officer. It was a reported unanimous decision by the board to name him to succeed Doug Lawler who left …
Brief energy stories from across the nation and world
** Under a new law signed over the weekend by Gov. Gavin Newsom, California will ban the sale of all off-road, gas-powered engines, including generators, lawn equipment, pressure washers, chainsaws, weed trimmers, and even golf carts. ** The underwater pipeline that caused a major oil spill off the coast of Southern California was likely initially damaged by a …
Utility marking firm cleared in deadly Missouri gas blast
The 8th Circuit Court of Appeals has upheld a lower court ruling that a deadly gas line explosion in 2019 in Missouri was not the fault of USIC, the utility line locating service. USIC crews are often seen throughout Oklahoma, marking buried gas and other utility lines. The company was sued following a explosion …
