Two days after Houston-based Apergy reported a first quarter 2020 loss of nearly $660 million, the company announced the closing of its UPCO plant in Claremore and the layoff of 26 employees. UPCO is a subsidiary of Apergy. The company made a WARN notification with Oklahoma’s Office of Workforce Development and blamed the need for …
Another round of layoffs by Halliburton at its Duncan, Oklahoma operations was announced this week. At least 240 manufacturing workers lost their jobs effective April 29. “This is a mass Layoff and the facility will remain open,” stated Halliburton spokeswoman Danyelle Huff in a WARN notice made with the Oklahoma Office of Workforce Development. It …
The coronavirus pandemic resulted in the layoff this month of more than 400 workers at the Hertz Administrative Center in Oklahoma City. Word was finalized this week at the Oklahoma Office of Workforce Development. A notification by Hertz indicated the layoffs of 415 workers happened between April 14 and April 20 at the center located …
The latest energy company to produce a multi-well site with production of at least 1,300 barrels of oil a day in Oklahoma’s STACK play is Citizen Energy Iii LLC. The privately-funded company based in Tulsa filed reports this week on three Northern Dancer 8-17 wells located at 5 10N 6W, a site several miles southeast …
After a 25% tumble in prices on Monday, oil prices in the U.S. shot up on news of a bomb explosion on an oil tanker in Syria, only to slip back nearly 3.5% for the day, settling at $12.34 a barrel for West Texas Intermediate crude. It had been trading as low as $10.07 …
A first quarter loss of nearly $142 million was reported Tuesday by ONEOK which amounted to a net loss of 34 cents a diluted share. It also had noncash impairment charges of $641.8 million or $1.17 per diluted share in the announcement made from Tulsa. The company also reported a 10% increase in adjusted …
NGL Energy Partners LP in Tulsa says it not only is exploring the sale of some of its assets and reducing dividends by $100 million a year, but adjusting the remainder of its 2020 financial guidance. The company announced this week it was re-confirming its Fiscal Year 2020 Guidance for adjusted earnings and expects them …
The New Mexico Cattle Growers’ Association, a conservative property rights group, filed a legal challenge to the Trump administration’s newly finalized Navigable Waters Protection Rule, arguing it defines federal power too broadly even though it significantly limits the reach of the Clean Water Act. The lawsuit was brought by the Pacific Legal Foundation, which …
** Chaparral Energy, Inc. (NYSE: CHAP) announced it will issue its first quarter 2020 financial and operational results with the filing of its Form 10-Q report on Monday, May 11. The company will also host a conference call to discuss its results on Tuesday, May 12 at 9 a.m. Central. ** Several candidates running to serve on …
A $37 million solar project has gone online in far southwest Kansas providing electrical power for Sunflower Electric Power Corp. Located on more than 140 acres south of the town of Johnson City in Stanton County, the Johnson Corner Solar project was financed and constructed by Lightsource BP. Lightsource BP, a company …