The Oklahoma Space Industry Development Authority plans a meeting by Zoom on Wednesday. During the 1:30 p.m. meeting, board members will get updates on commercial spaceflight news as well as facility maintenance repairs. Staff members will also review the status of the agency’s Joint Use Agreement that allows Vance Air Force base to use …
Cypress Environmental Partners, L.P. reports a 24% drop in revenue in the first quarter of 2020 compared to a year ago. The Tulsa company said revenues were $68.5 this year compared to $90 million last year and it lost close to $1 million while a year ago, it reported net income of $1.4 million, a …
While one oil group in Oklahoma wants the Corporation Commission to declare oil a waste and allow the shut-in of more wells, Continental Resources founder Harold Hamm is already shutting down most of his operations. In a conference call this week following the first quarter earnings report, Hamm told investors Continental is curtailing up to …
Oklahoma Gov. Kevin Stitt and four other governors have yet to hear from the White House about their request to grant waivers for small oil refineries from meeting EPA biofuel requirements. In return, some two dozen U.S. Senators also sent a letter to the President urging him not to comply with the governor’s …
Washington state officials who created a new law targeting Bakken oil being moved by rail from North Dakota and Montana to the west coast have been overruled by the federal government. The Trump administration on Monday moved to block a Washington state law that imposed safety restrictions on oil shipments by rail following a …
The developer of the Keystone XL pipeline suffered another setback in the long legal battle to build the system to transport oil from Canada into the U.S. and eventually to Cushing, Oklahoma and the Gulf Coast. A federal judge in Montana on Monday upheld his ruling last month that canceled an environmental permit for the …
After rebounding last Friday, oil prices in the U.S. slipped more than 2% in Monday’s trading as West Texas Intermediate crude settled down 60 cents to reach $24.14 a barrel. Brent crude, the international benchmark dropped too, falling 77 cents or 2.5% to hit $30.20 a barrel. Natural gas prices were up a penny …
Chaparral Energy reported more losses in the first quarter of 2020, showing it had net income of $4.9 million for the quarter but also a more than $66 million loss in operating income. At the same time, the company has continued with layoffs of 18 workers who made up 15% of Chaparral’s workforce. It …
While Oklahoma Corporation Commissioners took no vote in Monday’s 5-hour long hearing of testimony about requests to declare a “waste” of oil production in the state, it is clear there is distinct separation of opinions about making such a move. Some operators contend it’s a waste of oil to sell it at the low prices …
Hey Elon! Oklahoma wants to talk with you about moving your Tesla operations out of California. It’s the message Gov. Kevin Stitt and some legislators have after learning Elon Musk has filed suit against California after it refused to allow him to reopen his car manufacturing plant because of the coronavirus shutdown. They responded after …