Not only did energy stocks across the board take a hit Monday as the coronavirus spread around the world, Oklahoma City’s Chesapeake Energy trading hit a record low on Wall Street. Chesapeake shares dropped 4% and hit an all-time low of 40.30 cents during mid-day trading. Crude oil futures dropped 4.6% to $50.95 while the …
Talk about a misleading headline—how’s this? “Fracking linked to increased sexually transmitted infections.” It’s what the headline read over an E & E story about increased rate of sexually transmitted diseases and a study by Yale University researchers. “Rates of two sexually transmitted infections are higher in Texas counties with heavy fracking activity compared …
While oil and gas exploration reaches a near stall across Oklahoma and the rest of the country, bankruptcies are being monitored. Those that have happened and those that are about to happen. Some Oklahoma companies are mentioned as possible bankrupt cases, including some major firms, but so far in 2020, they have yet to happen. …
** The U.S. Supreme Court heard arguments month in the long-running battle between developers a 605-mile long natural gas pipeline and environmental groups opposing it crossing the Appalachian Trail. Dominion Energy and Duke Energy still need a permit for the Atlantic Coast Pipeline and opponents contend the Forest Service does not have the authority to grant …
She might be a Democrat but New Mexico U.S. Rep. Xochitl Torres Small knows where her state’s revenue comes from….her own congressional district that is rich because of the Permian Basin. She’s joined Oklahoma Democrat U.S. Rep. Kendra Horn in opposing a fracking ban proposed by other Democrats. She also finds herself on the same side …
Air Force Chief of Staff Gen. David Goldfein said recently that the Boeing Co. is closing in on a fix for one of the biggest issues still vexing the KC-46 tanker. It’s the new tanker that was presented at Altus Air Force base during ceremonies last year featuring Oklahoma U.S. Sen. Jim Inhofe. In an interview with Defense News, …
While the average pay for employees of Schlumberger slipped in 2019, the amount of executive compensation rose including for the company leader who retired seven months into the year. The Houston Business Journal explored the pay gap issue and its median employees, including those in the Oklahoma operations. It found Paal Kibsgaard, who gave up his …
Maybe Bernie Sanders and Elizabeth Warren and the other Democrats running for President have it all wrong in their call to ban fracking. Instead of cleaning up the environment, their ban would simply help other countries, including Russia and China. It would also hurt most Americans and put some of them out of work including …
When President Trump recently announced a move to free up more water availability for California farmers, Oklahoma Congressman Markwayne Mullin and his son were there for the event. And Mullin’s son was honored too. “As many of you know, my son Jim is recovering from a wrestling injury and undergoing treatment in Bakersfield, California. On …
The Oklahoma Department of Environmental Quality (DEQ) has announced that the boil order for the Beaver Co. RWD #1 (Turpin), located in Beaver County, has been lifted. The water is now safe for human consumption. The order to boil water was issued due to the presence of E. coli. State and federal regulations require that customers …
