Buried deep in this week’s financial earnings report for the first quarter 2020 by National Oilwell Varco, a Houston firm that operates in Oklahoma, is a note how the oil and gas firm is helping the wind industry. Close to the bottom of its quarterly report, NOV explained it recently was awarded contracts from a …
ONE Gas, Inc. reported a drop in its first quarter 2020 net income which totaled nearly $92 million compared to about $94 million a year ago, some blamed on warmer weather and some blamed on the coronavirus pandemic. The Tulsa company said the first quarter 2020 net income translated to $1.72 per share, down four …
Senator Jim Inhofe had a personal phone call this week with the Commerce Secretary in which he encouraged the adoption of tariffs to oil imports from Saudi Arabia and Russia. The Senator spoke Monday with Secretary Wilbur Ross and the two discussed 232 national security tariffs including those on oil imports which have added to …
ONEOK announced this week that it’s upcoming annual on May 20 will be a virtual meeting because of the COVID-19 pandemic. In order to protect the health and well-being of shareholders, employees, directors and the public, the company decided its annual meeting of shareholders would be a virtual meeting only. No in person gathering. The …
Oklahoma’s SCOOP is the site of a single pad with four wells producing a combined total of nearly 3,200 barrels of oil a day. The EOG Resources Inc. operation is in Grady County in the community of Bridge Creek where the Livingston 0112 wells had August 2019 spud dates at 12 9N 5W. One had …
When no one is traveling because of the coronavirus pandemic, car rental companies suffer. And as a result, Enterprise-Rent-a-Car in Tulsa is laying off 329 employees. A mass layoff. Two of the firm’s companies in Tulsa, EAN Services and Enterprise Holdings issued WARN notices this week with the Oklahoma Office of Workforce Development indicating …
The impact of the coronavirus has left airports empty including Oklahoma City’s Will Rogers and the Tulsa International Airport where major airplanes operate. Or they did until air travel plummeted faster than a nose-diving airliner. The daily roar of airliners departing Will Rogers is gone for now as is the approach of airliners over …
U.S. oil prices took another nose dive Monday as worries grew as quickly as the Cushing storage tank farm filled with oil because of the coronavirus pandemic. Futures dropped nearly 25% as West Texas Intermediate finished the day at $12.78, a drop of $4.16 or 24.56%. At one point, the WTI traded as low …
Oklahoma’s largest oil and gas group, the Petroleum Alliance of Oklahoma came out Monday in support of Gov. Kevin Stitt’s request to President Trump of federal government protection for the industry because of an “act of God.” Gov. Stitt said the COVID-19 Pandemic should be declared a “Force Majeure” or “Act of God” and that …
The people of Oklahoma Oil & Natural Gas are providing virtual classroom lessons that are taught by certified Oklahoma teachers and aim to provide students with supplemental lessons during distance learning. Developed by the Oklahoma Energy Resources Board (OERB), the OERB Virtual Classroom is an innovative, free program that provides fun, hands-on solutions to keep …