Oklahoma is approaching nearly two consecutive years of decline in its oil and gas industry as indicated by the latest Oklahoma Energy Index. The Oklahoma Energy Index contracted sharply again in June as employment and rig activity fell to levels rarely seen in the 20-year window of the index. What started nearly two years …
Kratos Defense and Security, the California-based company with an unmanned aviation manufacturing facility in Oklahoma City and offices in the Tulsa area just won a $400 million part of the Air Force’s futuristic Skyborg Vanguard Program. Production of the drones for the program will be carried out at the Oklahoma City plant. Considered a …
Mammoth Energy Services, Inc. is preparing to release its quarterly financial results this week. The company’s results will be made known to the public after the market closes on Thursday, July 30. A conference call will be held on the same day at 4 p.m. Central Time. The company reported a net loss of …
Months after voting to limit how much natural gas is produced in Oklahoma’s largest-producing wells, Oklahoma Corporation Commissioners plan a public hearing in August on extending the order. The Oil and Gas Conservation Division of the Commission announced a hearing will be held August 20 at 9:30 a.m. in the Commission’s headquarters building at …
** China’s biggest oil and gas companies finalized deals worth $56 billion to sell their pipeline networks to a new national carrier at premiums to their book value, a long-awaited step that’s being seen as a boost for investors. ** The Trump administration is going to proceed with the development of the largest gold and copper mine in the …
The COVID-19 pandemic has drastically cut into oil and gas exploration in Texas but not construction of the Permian Highway Pipeline, one meant to carry natural gas from the Permian Basin to the ports of south Texas. Inspectors with the Texas Railroad Commission continue their inspections of the 400-mile line which is considered one …
Texas regulators have been sued over regulation action they took in May when they suspended some state rules over the oil and gas industry. The lawsuit was filed by the watchdog group Public Citizen and two Texas landowners who accused the Texas Railroad Commission of illegally suspending rules that protect public health and the environment. …
Public regulators in New Mexico suffered a loss before their state supreme court this week as the justices ruled the Public Regulation Commission does not have the authority to force a utility to initiate a legal process of shutting down a power plant. The opinion, released Thursday, does not change Public Service Company …
Oklahoma Congressman Markwayne Mullin, a member of the Cherokee Nation and one of only four Native American members of Congress says the state and the Indian tribes should proceed with caution in the wake of the U.S. Supreme Court ruling that applied to the Muscogee (Creek) Nation. In a statement on Friday, the Republican …
Despite increased tensions with China over the U.S. action ordering the shutdown of a Chinese consulate in Houston and China responding with an order of its own against the U.S., oil prices rose slightly higher on Friday. West Texas Intermediate crude for September delivery added 22 cents or 0.5% and settled Friday at $41.29 …