Oklahoma Gov. Kevin Stitt was one of five Governors to ask the Trump administration this week for a nationwide waiver exempting the oil-refining industry from the nation’s biofuels law to help oil and gas operators survive the oil crisis caused by the coronavirus pandemic. “As our country comes to grips with this national emergency, continuing …
Oklahoma City-based BCE-Mach III LLC wrapped up its acquisition of the upstream assets of Alta Mesa Holdings, LP and its subsidiaries and the midstream assets of Kingfisher Midstream LLC in Kingfisher County Oklahoma. Word was announced this week but Mach Resources and its partner did not reveal how much they paid for the assets from …
The budget fight between Gov. Kevin Stitt and Republican leaders of the legislature, spurred when the legislature cut funding for his digital transformation effort is headed to the Oklahoma Supreme Court on Monday. When legislators cut funding, the governor delayed a meeting of the state Board of Equalization which meant there was no approval of …
Joplin, Missouri is intent on landing Tesla’s proposed Cybertruck plant and it’s offering an estimated $1 billion package to the company. The city that attracted national attention when tornadoes hit Joplin in 2011 leaving more than 100 dead is back with a positive effort this time. Tesla CEO Elon Musk tweeted in March that the …
Tulsa’s Ovintiv Mid-Continent Inc. continues seeing success with its series of multi-wells drilled from single pads in Oklahoma’s STACK play. The latest is three sister wells with production of nearly 2,000 barrels of oil a day while two wells near Kingfisher produced a thousand barrels of oil a day. The company filed completion reports on …
** Houston’s Nine Energy Service, Inc. has scheduled its first quarter 2020 earnings conference call for Thursday, May 7, 2020 at 9:00 am Central Time. During the call, Nine will discuss its financial and operating results for the quarter ended March 31, 2020, which are expected to be released prior to the conference call. ** …
The Oklahoma Corporation Commission is moving quickly on a response by one petroleum organization to order a cut in oil production across the state, but the public isn’t getting much of an opportunity to learn about it. An Administrative Law Judge has ordered a hearing set for Friday, April 17 at 9 a.m. on a …
The number of initial Unemployment Insurance claims dipped slightly from the previous week as COVID-19 related closures and the energy crisis continue to take a toll on Oklahoma’s workforce. For the week ending April 11, 2020, unadjusted initial claims in Oklahoma totaled 48,977, a decrease of 11,557 from the previous record-setting adjusted week high …
Both Chesapeake Energy and SandRidge Energy announced layoffs of workers this week. Chesapeake laid off the highest number at 200 employees, a move that came just days after shareholders approved a reverse stock split so the company would not be delisted from the New York Stock Exchange. SandRidge let 26 workers go from its headquarters …
The oil crisis hit a McAlester energy firm in recent weeks as STEP Energy announced the layoff of 15 workers. The Calgary, Alberta-based company notified the Oklahoma Office of Workforce Development of the move. It was part of the Canadian company’s decision to cut its 2020 planned capital program by 50% to $23.5 million. In …