Mancamp manufacturer Civeo Corporation says it’s U.S. operations had a drop in revenue in 2019 as the oil and gas industry experienced a slowdown in exploration and production. The Canadian-based company has operations at El Reno and recently reported its U.S. operations generated revenues of $10 million in the fourth quarter of 2019 compared to …
Filings with the Oklahoma Corporation Commission this week show how active Chisholm Oil and Gas Operating Inc. has been in the state’s STACK play. The company filed 9 completion reports including six in Kingfisher County. The Kingfisher county filings showed wells with production of 527, 337, 219, 135, 181 and 104 barrels of oil a …
A correction to one of our stories earlier this week about top executives of Chesapeake Energy disposing of more than 400,000 company shares. As the SEC filings indicated, “These shares were forfeited to the issuer to satisfy tax withholding obligations in connection with the partial vesting of a previously disclosed restricted stock award.” The forfeiture …
** Honolulu city officials, lashing out at the fossil fuel industry in a climate change lawsuit filed Monday, accused oil producers of concealing the dangers that greenhouse gas emissions from petroleum products would create, while reaping billions in profits. ** A federal judge on Monday rejected a green group’s bid to block the Trump administration’s rewrite of rules implementing a bedrock environmental …
Three of Oklahoma’s members in the U.S. House had urged the Trump administration to consider filing an appeal to a Denver Federal court ruling that went against a small refinery in southern Oklahoma. Reps. Kevin Hern, Tom Cole and Markwayne Mullin, all Republicans sent the letter to Andrew Wheeler, Administrator of the Environmental Protection …
Oklahoma U.S. Senator Jim Inhofe was among Senate Republicans expressing concern over this week’s oil crash. He and the others also explained they were unsure of what they could do in response. Inhofe called the crash “the worst I’ve seen” and expressed fear it would be “an absolute disaster, economically, for our state and the nation.” …
Attorney General Mike Hunter has joined a brief in support of the National Pork Producers Council and the American Farm Bureau Federation in their lawsuit against the state of California’s Proposition 12 rule that they claim burdens every farmer, rancher and consumer of U.S. agricultural products. The brief, signed by 15 state attorneys general, …
A filing with the Securities and Exchange Commission shows Devon Energy board member Keith O. Rattie recently acquired 20,000 shares in the company. He acquired 10,000 shares valued at $14.05 each on March 6 and another 10,000 shares valued at $9 each on March 9. Rattie sits on the boards of Ensco PLC and Select …
The same day that Basic Energy Services Inc. in Forth Worth announced a loss of $88 million in the fourth quarter, the company bought Houston-based NexTier Oilfield Solutions Inc.’s Well Support Services group. Basic Energy paid $94 million in cash and notes. The NexTier production operations, known as C&J Well Services, were originally established in San …
The breadth of the impact of the oil price collapse reaches far beyond Oklahoma and Texas. It made headlines this week in New Mexico, a state that earlier estimated to receive $1 billion in oil and gas revenue for schools and hospitals. “Oil Price Plunge Wallops NM” read the headline in the Albuquerque Journal in …