As layoffs in Oklahoma’s energy sector grow weekly, is the story being heard in Washington D.C.’s Beltway? U.S. Senator James Lankford says it is among those like him who represent oil and natural gas states.
“I would disagree with those affect…
Beltway Out of Touch Over Lost Energy Jobs?
WTI Slips Below $28 a Barrel on Wednesday
Despite a dip in crude supplies, West Texas Intermediate crude dropped below $28 while Brent managed to make gains Wednesday. March WTI lost 49 cents to end trade at $27.45 a barrel on the New York Mercantile Exchange. April Brent crude added 52 cents …
Continental Resources Proved Reserves Dip in 2015
Continental Resources reported Wednesday it has proved reserves of 1.23 billion barrels of oil equivalent (Boe) as of the end of the year. That compares to 1.35 billion Boe at the end of 2014. The 2015 year end reserves were 57 percent crude oil, 87 pe…
NGL Energy Partners Reports Quarterly Profit
NGL Energy Partners reported its fiscal third quarter net income of $29.6 million dollars compared to a net loss of $5.3 million for the same period the previous year. Adjusted EBITDA did slow for the Tulsa based company. For the fiscal third quarter, …
WPX Energy to Close Oklahoma City Office, 60 Jobs Eliminated
NewsOK.com and the Tulsa World report WPX Energy is closings its Oklahoma City office. It means 60 employees will soon not have jobs. Thirty-three workers are relocating to the Tulsa headquarters while two others have been offered a position in the Car…
Recovery Will Take Too Long for Some Oil Companies to Survive
Survival. It’s what oil and natural gas companies are dealing with as energy prices swirl lower and lower. The very idea that some major companies that once could afford to wait out the low prices now cannot because they accumulated too much debt…
Wyoming Adopts New Natural Gas Flaring Rules
While the Interior Department prepares to hold a public hearing in Oklahoma City on venting and flaring rules on public and Indian Trust Lands, the state of Wyoming approves new flaring rules this week covering any newly-drilled wells.
Under the…
OGE Moves Ahead with Permitting Process for Mustang Power Plant
After being rejected by the state with plans to eventually put an end to its aging Mustang Power Plant, Oklahoma Gas and Electric is in the midst of steps to seek a routine permit from the state with eventual possible plans to replace some of the aging…
Siemens Makes $25 million Grant to Technology Center
The Canadian Valley Technology Center announced this week it has just received a $25 million grant from German-based Siemens AG. Siemens, builder of wind farms across the U.S. including Oklahoma will offer software for development of Computer Aided Dra…
AG Optimistic About Supreme Court Stay on EPA’s Clean Power Plan
An optimistic-sounding Oklahoma Attorney General Scott Pruitt responded to the actions this week of the U.S. Supreme Court to put a hold on what some consider to be the backbone of President Obama’s Green efforts—the Clean Power Plan.
“We are …
