While oil and gas companies are reporting record production, some are struggling financially. Witness the decision last week by a federal bankruptcy judge who approved the sale of most of San Antonio-based All American Oil and Gas Inc.s assets to its largest creditor. All American filed for bankruptcy last November. Last week, Chief U.S. …
So much oil is coming out of Oklahoma, Texas, New Mexico and other states that oil tankers in the Atlantic are making empty trips to the U.S. to carry the oil to the rest of the world. It’s a complete opposite of what the cargo ships have done in the past. They would normally carry …
Oil production in Texas in 2018 set a record, reaching levels not seen in nearly 46 years. The Texas Independent Producers Royalty Owners association reported that oil wells in the state produced more than 1.54 billion barrels of crude in 2018. It blew away the previous record of 1.28 billion barrels set in 1973 …
Oklahoma congressman Markwayne Mullin spent his week off from Capitol Hill by meeting with constituents in his 2nd Congressional District. It included time at some of the energy-related businesses in eastern Oklahoma. They were in Hugo and Antlers where the Congressman visited TrinityRail Maintenance Services and the Teal-Jones Lumber Company. ” We discussed their …
Management at Unit Corporation headquartered in Tulsa plan to be a part of the EnerCom Dallas Oil and Gas Conference this week. The conference will be held Wednesday and Unit Corporation will make a presentation at 8:30 a.m. Oklahoma time. The company also plans to be a part of the Raymond James Institutional Investors …
The growth of the operations in the Permian Basin in West Texas and southeast New Mexico has prompted Matador Resources Company to expand its natural gas gathering and salt water gathering and disposal operations in the Delaware Basin. The expansion includes an agreement between the Dallas-based company and a subsidiary of Five Point Energy LLC. …
The Oklahoma Sierra Club is making a pitch to its members and followers to urge the state legislature to do more for expansion of solar energy in the state and at the same time protect the wind industry. In a message to members over the weekend, Oklahoma Sierra club Chapter President Johnson Grimm-Bridgwater said …
An agreement by Fiat Chrysler and Robert Bosch GmbH over an emissions cheating scandal means Oklahoma will get more than $2.2 million as part of its share of a lawsuit settlement. The two firms will play tens of millions of dollars to Oklahoma and 49 other states. Bosch will pay more than $98 million …
Oil and gas rig counts fell across the U.S. and in Oklahoma in the past week according to the latest figures from Baker Hughes Co. and the Red Top Rig Report. Nationally, the count dropped by four to reach 1,047 while the number of oil-drilling rigs dropped by 4 to 853 and the number of …
Not that Oklahoma oilman Harold Hamm, founder of Continental Resources, is in competition with any company to see who’s the biggest. But Bloomberg reports that Concho Resources Inc., headquartered in Midland, Texas is now bigger than Continental and Hess Corp. The proclamation came after Concho made its richest-ever acquisition. Here’s how Bloomberg reported …