It is just one round of bad energy news after another in Oklahoma as Oklahoma Treasurer Ken Miller announced on Friday that monthly gross receipts to the Treasury in January took their largest plunge in more than five years, mostly because of the oil a…
The 2015 hiring and salary freeze announced by Governor Mary Fallin wasn’t the kind of freeze most Oklahomans think of when considering state government. Turns out, thousands of state workers still got pay raises that totaled millions of dollars and st…
Holly Energy Partners, L.P., the firm with oil refineries in Tulsa, Oklahoma has announced the appointment of Mark A. Plake as President of Holly Logistic Services, LLC effective Feb. 15, 2016.
He will resign as President of HLS on that same dat…
The U.S. oil and natural rig count isn’t the only sector seeing a drop. So is the international count for January 2016, according to Baker Hughes Incorporated of Houston, Texas. The count was 1,045, down 50 from the 1,095 counted in December 2015…
Another energy company with big Oklahoma ties is facing its share of economic problems. Nabors Industries, Ltd., with offices in Oklahoma City and Woodward, is being downgraded by Fitch ratings on its Long-term Issuer Defaulting Rating from ‘BBB’…
President Obama wants to take another swing against the U.S. oil and gas industry by imposing a $10 fee on every barrel of domestic oil produced in the country. As The Oklahoman’s Chris Casteel reported on Friday, it will be part of the President…
With more than $42 million in liabilities, the exploration and production company Osage Exploration and Development Inc. filed for Chapter 11 bankruptcy protection this week in federal court.
The company announced the filing on its website, stat…
The latest energy sector layoffs in Oklahoma occurred this week at Helmerich and Payne operations in Tulsa where 40 workers were let go out of the Tulsa workforce of about 500. Worldwide, Helmerich and Payne had more than 6,700 employees.
A comp…
Traders pushed oil lower as new doubts over production cuts emerge on Thursday. March West Texas Intermediate crude lost 56 cents to end trade at $31.72 a barrel on the New York Mercantile Exchange. Brent crude slipped 58 cents. The London ICE Futures …
While some oil and gas companies are struggling to stay afloat in Oklahoma amidst the energy downturn, others are pushing ahead with operations. Many will be on hand in a few weeks at the 2016 Mid-Continent Digital Oilfield Conference in Tulsa.
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