By a 2-1 vote on Wednesday, the Oklahoma Corporation Commission has allowed a small Tulsa oil company to go ahead and shut in its wells and allow others to do the same. Under the decision, LPD Energy Company sought approval to classify unprofitable production as economic waste as a result of the oil crisis …
Oilman Harold Hamm, the man who founded Continental Resources and has the ear of President Trump to advise him about energy issues thinks the Chicago Mercantile Exchange has done the industry wrong. As The Oklahoman reported Wednesday, Hamm is requesting an investigation of crude oil futures for possible market manipulation, failed systems or computer programming …
New York Congresswoman Alexandria Ocasio-Cortez drew a sharp rebuke this week over her tweet celebrating the dramatic drop in oil prices. And it came from another Democrat—New Mexico U.S. Rep. Xochitl Torres Small who chided AOC for cheering what happened to the oil and gas industry. Small represents New Mexico’s highly conservative southern area …
The saga of Scott Pruitt, the former Oklahoma Attorney General who became the Administrator of the Environmental Protection Agency only to later resign just won’t go away. Now it’s reported that a coal mining company with ties to Pruitt and a handful of companies serving the oil and natural gas industry, are among the beneficiaries …
As oil prices plunged into the $20 range before entering historic negative territory this week, oil producers in North Dakota took the drastic action of shutting in thousands of oil wells—an estimated 5,000. The Associated Press reported that North Dakota’s top oil regulator said Tuesday that nearly a third of the state’s wells have been …
Tulsa’s Ovintiv Mid-Continent Inc. continues with the big finds in Oklahoma, this time reporting a four-well pad in Stephens County that produced more than 2,200 barrels of oil a day. It is the firm’s latest discoveries made immediately prior to the start of the Coronavirus pandemic that shut down a large segment of the …
Devon Energy is preparing to hold its annual shareholders meeting in June and the COVID-19 pandemic has the attention of the company and its board of directors. In a proxy filing with the Securities and Exchange Commission the company took note of how the pandemic has gripped the world. “It is not business as usual …
Investors in the oil and gas industry are bracing for what analysts suggest will be shocking news in the next few weeks as companies report their quarterly results. Magellan Midstream in Tulsa will issue its report and hold an annual shareholders meeting Thursday. Williams Cos. will hold a meeting on Tuesday and Cheniere Energy will …
Halliburton followed up its recent layoff of 350 workers in Duncan, Oklahoma with the layoff of 384 workers at the South San Antonio, Texas facility that oversees the company’s Eagle Ford Shale operations. Halliburton informed the Texas Workforce Commission on April 7 that it was laying off the workers immediately. The layoffs are expected to …
The woman the oil and gas industry loves to hate stirred up a storm this week when she celebrated after oil prices plunged into negative territory for the first time in recent history. The woman is better known as A-O-C. Representative Alexandria Ocasio-Cortez (D., N.Y.) tweeted “you absolutely love to see it,” as the U.S. …
