The financial struggles of Oklahoma City-based Chaparral Energy continue as the company has missed millions in interest payments on some of its loans and will miss more. The filing of a Form 8-K with the Securities Exchange Commission shows the company faces yet another deadline under a Noteholder Forbearance Agreement. The latest is deadline …
Completion reports on a few wells drilled in Oklahoma months before the onset of the COVID-19 pandemic were filed this week with Oklahoma regulators. Oklahoma City-based Chaparral Energy LLC reported the March 28, 2020 completion of the Fuji 1206 2lmh-19 located at 19 12N 6W or about four miles east of El Reno in …
Oil futures fell in Tuesday’s trading but analysts say the fall was limited by higher hopes for tighter U.S. supplies of oil. West Texas Intermediate crude for September delivery slipped 33 cents or 0.08% to settle at $41.61 a barrel in trading on the New York Mercantile Exchange. WTI had been as high as …
The geothermal federal grant awarded OU reported last week by OK Energy Today drew congratulations from Fourth District Congressman Tom Cole. “I am very proud to hear that the Department of Energy is equipping and empowering the University of Oklahoma to pursue a groundbreaking project to unleash safe and sustainable energy,” said Congressman Cole. “Widely recognized …
The latest scholarships from the Oklahoma Oil and Natural Gas industry total more than $210,000 for students interested in engineering, geosciences or energy management at the state’s three largest universities. Students at Oklahoma State, OU and Tulsa University were awarded $210,500 for the 2020-2021 academic year. The scholarship recipients, part of the Oklahoma Energy …
A federal judge appeared to open the door to allowing Energy Transfer to continue operating the Dakota Access Pipeline while it appeals an earlier decision that the Trump administration didn’t conduct a proper environmental review. POLITICO reported D.C. District Court Judge James Boasberg wrote in a motion Monday asking the Corps for its options …
** Halliburton Company announced that its board of directors has declared a 2020 third quarter dividend of four and one-half cents ($0.045) a share on the Company’s common stock payable on September 23, 2020, to shareholders of record at the close of business on September 2, 2020. ** Colorado’s lightning-sparked Pine Gulch Fire near Grand …
Count country-singing legend Willie Nelson among those fighting the controversial Permian Highway Pipeline that’s under construction in Texas. He’s not put it to song, but he has written about the Texas Hill Country where the pipeline will pass. The Texas Hill Country is a gift from Mother Nature. Sprawling over 986 square miles in the …
Oilfield job losses are growing. It’s plain and simple. Because of COVID-19 and the pandemic, production companies remain hesitant in many cases to resume exploration. As a result, the industry lost another 9,300 jobs in July in the U.S. bringing the total this year to nearly 100,000. And that includes in Oklahoma. While the …
Tesla is already looking for workers at its under-construction $1.1 billion truck plant in Austin, Texas. Inside EVs reported that Tesla, the company that picked Austin over Tulsa, Oklahoma as the site for the Cybertruck Gigafactory, has already posted 39 jobs. First word of the job posting came from Teslarati. Tesla has already started …