Oklahoma is down to only 12 working rigs as the combination of the Coronavirus pandemic and the oil crisis continues hitting the start hard. The state reported the loss of an additional rig in the past week and its dozen remaining rigs compares to the 103 a year ago. Nationally, Baker Hughes reported a …
The number of people filing for unemployment in Oklahoma dropped 65% last week after numbers set a record a week earlier. Among those out of work, more in the energy industry. The U.S. Department of Labor reported Thursday that 32,794 Oklahoma workers filed initial claims for unemployment insurance benefits during the week ending Saturday …
While Oklahoma has only about a dozen or so rigs still active in the state, firms are still wanting to explore for new oil. OVINTIV-Mid-Continent Inc. recently received a permit to drill four wells on a single pad at a site about 10 miles southwest of the city of Kingfisher. They will be the …
Enable Midstream Partners, LP announced that members of its senior management are scheduled to meet with investors at the following upcoming virtual investor conferences: MUFG Oil and Gas Conference Monday, May 18, 2020 BofA Securities 2020 Energy Credit Conference Wednesday, June 3, 2020 J.P. Morgan 2020 Energy, Power and Renewables Conference Wednesday, June 17, 2020 The presentation …
Oil prices pushed closer to the $30 a barrel level in Thursday’s trading as they were up 9% with West Texas Intermediate crude for June delivery rising $2.27 to settle at $27.56 a barrel on the New York Mercantile Exchange. It was the highest level in nearly six weeks of trading according to Dow …
Stockholders in Tulsa-based Laredo Petroleum voted Thursday to approve a reverse stock split of the company’s common stock at a radio ranging from 1-for-5 to 1-for-20 of shares. It’s seen as a move that will reduce shares in the company in an attempt to regain compliance on the New Stock Exchange. The approval came at …
Oklahoma oilman Harold Hamm says the response to a request of the Domestic Energy Producers Alliance for an investigation of the Chicago Mercantile Exchange is a good first step. Hamm, founder of Continental Resources made the request last month for an investigation in which he blamed the C-M-E for causing oil prices to …
Volatility. Uncertainty. Turmoil. Words Mid-Con Energy Partners used this week in suggesting it might fail financially and have to close its doors if the pandemic’s effects continue much longer. The Tulsa company announced it will delay its financial earnings report for the quarter quarter of 2020, blaming disruption caused by the COVID-19 pandemic. …
The group that operates the Texas electric grid expects the state to break records for peak electricity use this summer, despite the fact that people are using less electricity because of the COVID-19 pandemic. In its Seasonal Assessment of Resource Adequacy, the Electric Reliability Council of Texas forecasts yet another hotter-than-average summer. That combined with continued …
A resolution supporting the extension of passenger rail service from Oklahoma City to Newton, KS, was adopted unanimously by the House of Representatives on Wednesday. House Resolution 1036, by State Reps. Ken Luttrell, R-Ponca City, John Pfeiffer, R-Orlando, and Garry Mize, R-Guthrie, supports the extension of Amtrak passenger rail service between the two cities and …
