The coronavirus pandemic has resulted in an environmental group abandoning efforts to put an anti-fracking measure on the Colorado November ballot. Reuters reported Colorado Rising won’t launch a petition drive after its 2018 effort failed and it had explored several ballot initiatives to create more stringent regulations on oil and gas drilling in the …
** Phillips 66 executive management will host a conference call webcast at noon EDT on Friday, July 31, to discuss the company’s second-quarter 2020 financial results, which will be released earlier that day, and provide an update on strategic initiatives. ** Product Advisory notices have been sent to importers, Building Code Associations and Homebuilder Associations throughout the …
A new report shows how the plunging rig numbers in Oklahoma’s SCOOP and STACK plays have resulted in plummeting amounts of natural gas flowing from the state. Falling production receipts along the four largest pipelines running through Oklahoma has led to lower natural gas supply from the Midcon Producing region to reach Upper …
Nearly $900 million of carbon capture tax credits awarded in the last decade went to oil companies that failed to show evidence they stored the amount of carbon dioxide claimed on their taxes. Now the Internal Revenue Service is investigating. Two years ago, Congress enlisted oil companies to help develop an underground carbon storage system to aid in …
The announcement of furloughs for 900 employees at the Spirit Aerosystems Holdings headquarters in Wichita, Kansas means some will lose their jobs at the company’s operations in Oklahoma. The furlough will be a 21-day layoff for those employees doing production and support work for Boeing Co’s 737 program. A WARN notice sent to the Oklahoma …
ONEOK, Inc. is in the search for more investors and announced Thursday it plans an underwritten public offering of 26 million shares of its common stock. The company stated that it expects to grant to the underwriters a 30-day over-allotment option to purchase up to 3.9 million additional shares. In Wednesday’s trading, ONEOK shares dropped 5.5% …
Tulsa’s WPX Energy has sold some of its Bakken holdings in North Dakota in a $1.5 million deal with Northern Oil and Gas, Inc. of Minnesota. The deal involved the sale of 320 acres of Williston Basin Properties and Closing is expected July 1, 2020. In making the announcement, Northern indicated that since signing, …
Oklahoma City-based Mammoth Energy Services, Inc. is planning to hold an in-person annual stockholders meeting July 2 in the city and elect five directors including one new nominee. “We intend to hold our annual meeting in person. However, we are actively monitoring the public health, travel and business and social gathering concerns of our stockholders …
Oklahoma regulators are still handing out drilling permits although the numbers are not as high as before the arrival of the COVID-19 pandemic. Camino Natural Resources LLC, a company based in Denver, Colorado intends to drill in Canadian County at a site a few miles southeast of the town of Union City. It received …
Oklahoma’s STACK play might not have as many big producers in light of the COVID-19 pandemic and the effects it has had on the oil and gas industry, but it still has the potential. Devon Energy Production Co. LP reports completion of a mother-daughter pair of wells in Oklahoma’s STACK with combined production …