While the crude storage at Cushing, Oklahoma is reported to be nearing capacity, some reports indicate the total commercial crude storage capability could be hit in mid-May. Exports have plunged 30% and the mid-May prediction came in a recent letter sent by Plains All American Pipeline to the Texas Railroad Commission. The letter was …
After a bout with COVID-19, Murphy Oil Corporation President and Chief Executive Officer Roger W. Jenkins is back on the job. It was a few weeks ago when the El Dorado, Arkansas-based company announced that Jenkins had taken ill with the coronavirus and was taking a medical leave of absence. This week, the company …
| El Reno is again feeling the impact of the oil slump as Houston-based NexTier Completion Solutions Inc. started a layoff of workers at its operations in the city. The layoffs started last week. NexTier filed a notice with the Oklahoma Office of Workforce Development of its intentions to start the layoff of at …
After putting its foot in the door being closed to finalize a proposed 10 million barrel a day of crude oil production, Mexico changed its mind and came out in support of reductions, something urged by U.S. producers including those in Oklahoma. The country’s leaders clashed with Saudi Arabia and its allies, including Russia who …
Oklahoma Corporation Commissioner Todd Hiett, who filed for reelection last week now has two challengers. The latest is Tulsa businessman Todd Hagopian who filed as a Libertarian candidate. He joined Harold D. Spradling, 85 of Cherokee who is a candidate for the Republican nomination. The filing resulted in a primary challenge for the sitting …
Regulators in Texas meet Wednesday to consider a request to force a reduction in crude oil production and the move has the support of Oklahoma’s billionaire oil producer Harold Hamm. The founder of Oklahoma City’s Continental Resources Inc. wrote the Texas Railroad Commission last week stating his support for prorationing of oil. Oilman Mike Cantrell …
Members of the Oklahoma Energy Producers Alliance say it’s time for Oklahoma Corporation Commissioners to lower production of crude oil. They have put their request in the form of a legal filing with the regulators. On Friday, the group filed a formal case with the commission, asking for their request to be heard ‘en …
Even as Encana Corp. was reorganizing last fall to become U.S. based Ovintiv Inc., the company was busy drilling four sister STACK wells that ended up producing more than 2,000 barrels of oil a day in Canadian County. Ovintiv Mid-Continent Inc. filed completion reports this week on the four William Wallace 1406 wells located …
The Oklahoma Department of Commerce , alongside Governor Kevin Stitt, announced the creation of the Oklahoma Manufacturing Reboot Program which will address the negative effects the COVID-19 pandemic has had on Oklahoma businesses, specifically manufacturers. Awards will range from $25,000 to $150,000, depending on market potential and long-term impact of the new production capabilities …
** Phillips 66 will host its 2020 annual meeting of shareholders on Wednesday, May 6, at 9 a.m. CDT in a virtual-only format via live webcast. The meeting can be accessed at www.virtualshareholdermeeting.com/PSX2020 or the Phillips 66 Investors site at www.phillips66.com/investors under “Events and Presentations”. ** HollyFrontier Corporation announced that due to the emerging public health impact of the coronavirus pandemic (COVID-19) …