Amidst the claims of some analysts who believe much tougher times are ahead for the oil and gas industry, oil prices rose nearly $48 a barrel in Tuesday’s trading, finishing the day out of the negative at $10.01 per barrel. It translated into an improvement of nearly 127% compared to Monday when prices closed at …
Four years after noted Oklahoma oilman Aubrey McClendon died in a fiery crash of his SUV into a concrete bridge abutment in north Oklahoma City, his estate is still being settled in Oklahoma County Probate Court. The most recent filing by his estate’s attorney Thomas J. Blalock asked for additional time to allow or reject …
The Texas Railroad Commission has delayed a decision on a request by major oil companies to force a reduction in the state’s oil production with commissioners indicating they are in talks with regulators in Oklahoma and North Dakota as well as Canada and other countries. The decision to delay came a day after oil prices …
An investigation by Oklahoma State Auditor Cindy Byrd’s office has found wrongdoing by a circuit engineering district created to provide services to 11 counties in southwestern Oklahoma. The audit found the district violated several state laws through construction and operation of an asphalt emulsion plant. Reporter Randy Ellis wrote about it in the Tuesday edition …
The Federal Energy Regulatory Commission is being asked to make a decision on “net metering” and it could possibly affect how Oklahoma utilities handle rates for solar and wind powered electricity. Under Oklahoma law, utilities are not allowed to impose extra charges for customers signed up for net metering up to 100kw in size or …
Oil and gas operators in New Mexico think their state regulators made the right decision this week in support of an emergency policy to allow the operators to shut in and deactivate wells without facing a penalty. The policy was adopted as the price of oil dropped into the negative territory as a result of …
The effort to eliminate and reduce the impact of the Waters of the U.S. rule that was proposed in the Obama administration and fought by farmers across the country is closer to reality. The Trump administration’s Navigable Waters Protection rule (2040-AF75), which narrows the number of streams and wetlands that are protected under …
** Denver’s -Whiting Petroleum Corporation announced today on April 14, 2020, it received a notice from the New York Stock Exchange that the Company’s common stock is not in compliance with the NYSE’s continued listing standard that requires the average closing price of a listed company’s common stock be at least $1.00 per share over a consecutive …
The pandemic has struck Hertz, the U.S. car rental company but it’s unknown how many of the 10,000 workers losing their jobs are in Oklahoma. Hertz Global Holdings filed a WARN alert with the Oklahoma Workforce Development office explaining it plans to lay off the 10,000 workers across the U.S. where the company has an …
Tapstone Energy, LLC announced it has concluded its financial restructuring plan which included a reduction of debt by $450 million, $50 million in new investment from one company and a new four-year loan of $145 million. And it’s looking with an eye toward expansion. The company said the restructuring was a move to recapitalize …
