Oklahoma Gov. Kevin Stitt has the support of the Petroleum Alliance of Oklahoma in his decision ordering a shut-down of non-essential businesses in the 19 counties in the state with confirmed COVID-19 cases. “The Petroleum Alliance of Oklahoma recognizes the governor did not take this action lightly, and we thank him for his deliberation,” …
A visibly frustrated Oklahoma U.S. Sen. James Lankford took to the Senate floor on Tuesday, angry over the holdup in a Senate vote on the third phase of relief to address COVID-19. He warned that in his home state several businesses are on the brink of closing their doors unless they can get some relief. …
Oil prices rebounded again in trading on Tuesday but not enough to relieve the concern of the nation’s oil and gas industry as prices still remained in the $20s. West Texas Intermediate crude rose 97 cents a barrel, finishing the day at $24.33, a change of 4.15%. Brent crude rose 57 cents in trading, …
Oklahoma regulators have announced they are allowing schools, libraries and health care facilities receiving funding from the Oklahoma Universal Service Fund to temporarily increase bandwidth for their broadband service. Brandy Wreath, administrator of the OUSF maintained by the Oklahoma Corporation Commission made the announcement on Tuesday. He said those eligible facilities who receive the funding …
More than 500 solar companies are asking Congress for help as the coronavirus takes a toll on their industry. “We are also faced with a reality we can’t ignore: the solar industry could lose up to half its workforce as a director result of COVID-19,” said Abigail Ross Hopper, president and CEO of the Solar …
The budget cuts are leading to plans by Schlumberger, the largest oilfield service company in the world and with major operations in Oklahoma to coming layoffs. The company announced it will slash up to 30 percent from its budget as oil activity takes a major hit from the oil price war and the effects of …
** PG&E agrees to plead guilty to 84 counts of involuntary manslaughter in connection with 2018’s Camp Fire, the deadliest in California’s history. ** Alaska Gov. Mike Dunleavy (R) called on lawmakers Friday to approve checks of about $1,300 for residents to help offset the economic impacts of the novel coronavirus, using the state’s oil wealth fund. ** A …
About 10 days after Tulsa’s ONEOK cut its pipeline operations by $500 million, more companies are doing the same in the Permian Basin. ONEOK’s budget cut, combined with others totals an estimated $1.9 billion. This week,Houston offshore oil company Talos Energy also pledged to cut $170 million from its budget. Noble Midstream Partners, Rattler Midstream, …
Earthquakes have been recorded throughout Oklahoma in the past few days with at least seven occurring in less than 24 hours. But nearly 20 were recorded since the weekend. The strongest measured 2.5 in Pittsburg County on Monday, March 23 and 2.6 in Dewey County, according to the Oklahoma Geological Society. Close to 20 …
Gasoline prices in Oklahoma are down to a statewide average of $1.70 while nationally, 29 states have averages under $2 a gallon. One Oklahoma City station is pumping gas for $1.03 a gallon. AAA Oklahoma reports the U.S. average is now $2.11 while the Oklahoma average of $1.70 compares to $1.90 a week ago and …