Tenaris, which manufactures steel pipe for the oil industry and is headquartered in Luxembourg is suspending operations at four U.S. plants, including Baytown, Texas and plans to layoff workers at others as demand for its products falls during the oil crash. The company said it has temporarily closed plants in Koppel and Ambridge, Pa.; Brookfield, Ohio, until …
As some production companies notify their Oklahoma royalty owners of intentions to shut in some wells in the state, Permian Basin owners in West Texas are getting similar notifications from Concho Resources. The Texas company says it is shutting some output in response to the collapse in crude prices and explains that others are …
Another round of large producing wells and single-pad operations was reported this week to Oklahoma Corporation Commissioners including a Chaparrel series of wells with 2,600 barrels of oil a day in production. Chaparral Energy LLC filed reports on two Greenback 1307 wells located at 26 13N 7W in Canadian County and their combined production …
Members of the Oklahoma Energy Producers Alliance, who filed a request last Friday asking the Oklahoma Corporation Commission to adopt a mandated production of crude oil in the state will get a hearing next month. With oil prices in the low $20 range and some companies shutting-in wells, that is stopping the production of oil, …
Texas regulators spent Tuesday hearing calls for the state to forcibly reduce oil production while others in the oil and gas industry argued against it. The Texas Railroad Commission heard testimony from those for and against the issue and it came only a few days after OPEC struck a deal to reduce oil …
Devon Energy’s sale of its Barnett Shale assets in North Texas was increased by $170 million under an amended contract with Banpu Kalnin Ventures. Under the amended terms, Devon has agreed to sell its Barnett Shale assets to BKV for up to $830 million of total proceeds, consisting of $570 million in cash at …
** Murphy Oil Corporation will host a conference call and webcast beginning at 9:00 a.m. Eastern Daylight Time (EDT) on Thursday, May 7, 2020 to discuss first quarter 2020 earnings. The company plans to release its financial and operating results before the market opens that morning. ** Plains All American Pipeline, L.P.and Plains GP Holdings announced they will …
Oklahoma Treasurer Randy McDaniel isn’t optimistic as the number of shut-in oil wells in the state is growing and will have a downside to the gross production tax revenue. In a statement to OK Energy Today, which reported shut-in wells begun by two Texas companies with dozens of operations in Oklahoma, McDaniel said producers are …
A new report detailing the 20 “most endangered” rivers in the U.S. was released this week showing the upper Mississippi and lower Missouri rivers were in the top category. No rivers in Oklahoma, Texas, New Mexico and Colorado were on the list while the Missouri river that brushes northeast Kansas was part of those determined …
It might soon be possible for Oklahomans to carry concealed handguns onto property of the Army Corps of Engineers. As POLITICO reported, the Army Corps of Engineers on Monday proposed lifting restrictions on firearms on the roughly 12 million acres of land it controls. The policy change, long sought by GOP members of Congress through unsuccessful …