Gross production taxes from oil and gas in Oklahoma fell nearly 30 percent in October compared to a year ago while the state’s overall tax collections were weak, increasing by less than one percent for a second consecutive month. State Treasurer Randy McDaniel said gross production taxes on oil and gas were $71.6 million for …
Two Texas-based energy companies have been issued notices of violation by the New Mexico Environment Department over their operations in the Permian Basin. The U.S. Environmental Protection Agency also issued similar notices for the violations against Mewbourne Oil Co. which is based in Tyler, Texas and Matador Production Co. of Dallas. Both environmental agencies reported …
Canada’s TC Energy Corp reported it has recovered nearly half of the more than 9,000 barrels of oil from a pipeline leak in North Dakota. An estimated 4,300 barrels were reported recovered after last week’s leak in Walsh County which is in the northeast part of the state. “Preliminary work to expose and extract the …
Hit with a net loss of $61 million in the third quarter 2019, Oklahoma City’s Chesapeake Energy is preparing for spending cuts in its 2020 budget. The company also warned about its ability to continue as a going concern as its debt is close to $10 billion which is about four times the firm’s market …
“The Paris Climate Agreement is nothing but empty promises.” Sen. Jim Inhofe. President Trump’s formal notice that the U.S. will withdraw from the Paris Climate Agreement drew praise from Oklahoma U.S. Sen. Jim Inhofe. In a statement, the Senator said, “I have said it before and I’ll say it again—the Paris Climate Agreement is nothing …
Houston’s Oklahoma Energy Acquisitions LP, a subsidiary of Alta Mesa Holdings reported a three-well pad site in Kingfisher County with production of more than 700 barrels of oil a day. The Fazio 1705 wells, located at 13 17N 5W or about 5 miles west of Crescent had September and October 2018 spud dates. Completions …
** Halliburton Company has signed a strategic agreement with the Advanced Remanufacturing and Technology Center (ARTC) to become an anchor member, which will allow Halliburton to collaborate across industries with research and development projects that will advance next-generation technologies. Halliburton is the only oilfield services company with membership in ARTC which is led by Singapore’s Agency …
The Stafford Air and Space Museum in Weatherford has bragging rights about its latest acquisitions. The museum named for Astronaut Thomas P. Stafford has been given temporary use of personal items including a space suit of Russian cosmonaut Alexei Leonov who died last month, but only after developing a brother-like friendship with Stafford. Part of …
A Texas-based oil and gas water company is moving into southeast New Mexico, to provide processing for water and other fluids generated during operations in western section of the booming Permian Basin. Oilfield Water Logistics, based in Center, Texas, announced its plans to develop a 540-acre oil and gas water and waste management facility …
California oil major Chevron is preparing for another big push in the Permian Basin of West Texas. The company filed for drilling permits to develop 17 horizontal wells on in Midland County and other four horizontal wells on a pair of leases in Culberson County, Railroad Commission of Texas records show. Chevron is targeting the …