Rather than move from Washington, D.C. to the new western Colorado headquarters of the Bureau of Land Management, more than half of those scheduled for the move have quit the federal agency. At least 69 employees left the agency rather than accepting the new assignment and another 18 departed after the plans were announced before …
Oklahoma City’s Chaparral Energy has been warned of possible removal from trading at the New York Stock Exchange because of the falling value of company shares. The company was notified Feb. 28 of possible delisting after the average closing price of Chaparral stock had fallen below $1 a share over a period of 30 consecutive …
Congressman Frank Lucas (OK-03) signed a letter, joining 129 of his House Republican colleagues, supporting the Council on Environmental Quality’s (CEQ) efforts to modernize the National Environmental Policy Act (NEPA). “In our districts across the country, we constantly hear about the opportunities lost when projects are stalled by NEPA’s increasingly time consuming and unnecessary red …
A 3.4 magnitude earthquake forced Continental Resources to stop completion on a Grady County well in the past week. Corporation Commission officials were brought into the discussion as company leaders wondered whether to proceed or stop completion on the Galvin 3-22-15xhw well near the town of Alex. In the end, the company stopped completion activities …
The number of oil and gas rigs active in Oklahoma declined by two in the past week leaving only 46 rigs drilling for new energy. The Baker Hughes Co. reported the 46 compares to the 116 rigs reported one year ago. Nationally, the rig count increased by 3 to reach 793. The number of oil …
Bernie Sanders’s vow to ban fracking if he’s elected president isn’t scaring off Democrats living atop Colorado’s biggest oil field. The Vermont senator took 38% of the vote in Weld County, the epicenter of Colorado’s booming oil production, racking up almost twice as many votes as rival Joe Biden, who has taken a more moderate position on …
Exxon Mobil is cutting its number of oil rigs in the Permian Basin and says it might even reduced planned capital expenditures as the spreading coronavirus takes a hit on energy demand. The announcement came as oil prices are down more than 25% since the start of the year and another 8% in the past …
A day after Tulsa-based ONEOK filed a prospectus for the sale of senior unsecured notes, it made another SEC filing detailing an offering of $1.650 billion in notes. The first offering is for $400 million in 2.200% notes due 2025. A second class involves $850 million in 3.100% notes due 2030. The final class of …
Completion reports on two STACK wells drilled in 2019, one with production of 1,000 barrels of oil a day were filed this week by Devon Energy Production Company LP. The Charma 12_1-15n-11w 5hx well, located at 7 15N 10W in Blaine County was actually drilled in December 2018 and drilling finished in March 2019 followed …
Sen. Elizabeth Warren’s campaign for the White House started with a lot of shouting and yelling, including a call to ban fracking in the U.S. But it ended Thursday with a whimper as the Democrat from Massachusetts suspended her presidential campaign. Some saw it as a bitter blow for the Senator who grew up in …