Former Energy Secretary Rick Perry warned Tuesday on “Tucker Carlson Tonight” that the coronavirus pandemic has brought the United States’ once-thriving oil and energy sector to the verge of a “massive collapse.” Sweeping restrictions on work and travel have brought industrial activity to a near- standstill. Perry explained that fewer cars on the road and fewer flights in the air translate to a major decrease …
A slowdown in drilling permits and completion reports is seen at the Oklahoma Corporation Commission in light of the oil price war and the impact of the coronavirus pandemic. But Camino Natural Resources Inc., based in Denver, Colorado and with assets in the SCOOP and Merge plays filed reports on two completed wells in …
Nearly a month after cutting its budget by nearly 30% Houston-based Noble Energy, the second-largest oil and gas producer in Colorado started notifying hundreds of its employees they’ll be placed on unpaid furlough or moved to part-time work. The Houston-based company is reducing 30% of its work force to half-time hours or placing them …
Those troubled new KC-46 tankers at Altus Air Force base in Southwest Oklahoma and McConnell Air Force base in Wichita, Kansas might have another problem—leading fuel lines. Boeing Co., already behind in its production of the new air refueling tankers revealed this week it added leaking fuel lines as a new Category 1 deficiency on …
Less than a week after dipping into its credit source to the tune of $650 million, Denver-based Whiting Petroleum Corporation is heading to Chapter 11 reorganization bankruptcy. The company announced Wednesday it started Chapter 11 in the Southern District of Texas bankruptcy court and also did so after reaching agreement with some of its …
New York State’s coal-burning era ended Tuesday when Somerset Operating Co. officially retired its power plant on the shore of Lake Ontario in Niagara County. It means the share of the state’s power generation coming from coal will fall to zero. “We were the last coal-fired plant in New York State,” plant manager Brian …
With the country’s main oil storage hub in Cushing, Oklahoma filling up, it’s reported that the Trump administration plans to lease out space for energy companies to store oil in the nation’s Strategic Petroleum Reserve. This, after a previous effort to buy millions of barrels for the emergency stockpile was canceled over a lack …
A day after slipping closer to the $20 a barrel mark, oil prices gained slightly but still are devastating to the industry in Oklahoma, Texas and other states. Internationally, oil prices reached their lowest level since November 2002. West Texas Intermediate crude gained 39 cents in Tuesday’s trading before closing at $20.48 a barrel, …
Despite the dramatic decline of oil prices and the global impact of the coronavirus pandemic, TC Energy Corporation is going ahead with construction of the nearly $8 billion Keystone XL pipeline project. “We appreciate the ongoing backing of landowners, customers, Indigenous groups and numerous partners in the U.S. and Canada who helped us secure …
The frac sand mining industry in Minnesota and Wisconsin was already struggling before the coronavirus-related downturn made matters worse. Frac sand miner Jordan Sands in North Mankato, Minnesota was pushed into receivership recently after its banker declared a loan default. A few months earlier, Minnesota’s largest frac sand producer by far, the Kasota mine …