Veteran roofer and solar installer PetersenDean filed for Chapter 11 bankruptcy protection in June with the intention of reorganizing its business and debt. The California-based company released a statement Tuesday citing the effects of the coronavirus pandemic as the motivation for the claim. The company’s leads had dropped nearly 70 percent between March and April, …
ConocoPhillips plans to resume normal production operations on Alaska’s North Slope in July, a spokesperson said, after a reduction this month that the company attributed to low prices and a global oversupply of oil. Natalie Lowman, a spokesperson for ConocoPhillips Alaska, said the company in late May began a ramp-down ahead of plans to …
Things are slowly reversing in the country’s oil and gas industry. Many producers are restoring their crude oil output and some are removing crude from storage. Reuters reported that U.S. shale producers are expected to restore roughly half a million barrels per day (bpd) of crude output by the end of June, according to …
Even with US imports from Saudi Arabia down to nearly a 35-year low, crude oil prices are like a pogo stick…up one day and down the next. On Wednesday, prices dropped in the US and overseas. West Texas Intermediate July futures closed down 42 cents or 1%, settling at $37.96 a barrel in trading …
As the COVID-19 pandemic hit U.S. shores, a deep and broad downturn gripped the economies of both the United States and the Tenth Federal Reserve District, which includes Colorado, Kansas, western Missouri, Nebraska, northern New Mexico, Oklahoma, and Wyoming. Numerous stay-at-home orders were put in place across the country to slow the disease’s spread. …
The city of Austin and its Travis County Commissioners are working to land a proposed new Tesla truck manufacturing plant, one that the city of Tulsa also hopes to land. Travis County Commissioners met this week in executive session to discuss how to bring the car marker’s operating to Texas and create thousands of …
NextEra Energy Resources, the world’s largest generator of renewable energy from the wind and the sun, announced a $14,500 donation to assist victims and first responders impacted by the wildfire that destroyed more than 30,000 acres and multiple homes in Beaver County in early March. Together with its corporate charitable foundation, NextEra Energy Resources …
** Bayer AG said on Tuesday it will scrap a nearly $1 billion project to produce the chemical dicamba in the United States, but said the move is unrelated to a federal court decision that blocked sales of weed killers based on the product. ** As expected, PG&E pleads guilty to 84 felony counts of involuntary manslaughter in connection …
Environmentalists and conservationists are calling it a huge victory—the U.S. Senate vote this week in support of the Great American Outdoors Act which will fund $9.5 billion in national forests, parks and refuges. But Sen. James Lankford of Oklahoma voted against it, saying it only adds to the government’s irresponsible spending on federal land. He …
Tulsa’s Williams announced it has reached an agreement with another firm to provide offshore natural gas and oil gathering and production services for a development in the Gulf of Mexico. The agreement is with LLOG Exploration Offshore, L.L.C. and involves the gathering and production handling services for the Taggart development at Williams’ Devils Tower …