Yet another claim has surfaced about what caused the December 2021 wildfire that destroyed more than 1,000 homes in suburban Denver, Colorado. A class-action lawsuit filed in recent days now puts the blame on Excel Energy, alleging sparks from a power line lit the deadly and destructive blaze reported the Associated Press. Click here …
Creation of new jobs in Oklahoma
New jobs, new government contracts and a new industrial park make up some of the news from the Oklahoma Office of Workforce Development. Bill Hancock, the Business Services & and Rapid Response Coordinator at the Office issued a weekly report on Monday. A New Industrial Park OKC Logistics Park, by Flint Development and marketed by Newmark Robinson …
Patterson-UTI works to return to higher active rig count
Patterson-UTI indicated in a recent report it is still working on fully recovering to its 2019 active rig count, one that includes at least 20 working rigs in Oklahoma as of the end of 2021. The Houston-based company stated its average active U.S. rig count for the fourth quarter of 2021 was 106 rigs, …
Future of Cypress Environmental hangs in the balance
Tulsa-based Cypress Environmental Partners, L.P. admits it continues to struggle financially and might be approaching operational collapse if it cannot reach a new credit agreement. The company says because it has yet to get a new credit agreement, its filing the annual 10-K report with the SEC has been delayed. The company filed a …
Fiber optic training to be financed by Pandemic Relief Funds
Some Pandemic Relief Funding received by Oklahoma will go toward training of fiber optic technicians at two vocational-technical schools in the state. Rep. Logan Phillips, R-Mounds announced the Joint Committee on Pandemic Relief Funding-Transportation, Infrastructure & Rural Development Working Group approved the proposal last week. He said the full committee will be tasked with development …
ONEOK’s quarterly earnings report to be released in May
ONEOK is getting ready to release its first quarter 2022 earnings report. The company says the release will be made after the market closes on May 3, 2022 and executive management will hold a conference call on the following day at 10 a.m. central time. ONEOK reported EBITDA of $846.6 million in the fourth …
Lankford pushes for critical US mining needs
A day after he filed a bill to create a secure chain of critical mineral mining for U.S. manufacturers, Oklahoma U.S. Sen. James Lankford pressed his point during a Senate hearing. He took part in a Senate Energy and Natural Resources Committee hearing on domestic critical mineral supply chains and how we continue to source critical …
Devon Energy files report on big Blaine County producer
Devon Energy’s latest big discovery in the STACK play of Oklahoma is a Blaine County well with production of nearly 1,100 barrels of oil a day. In a completion report filed last week, the Oklahoma City energy company reported the Dickson 21_16-15n-10w 2hx had production of 1,099 barrels of oil a day and 2,785 Mcf …
Oil stockpile release results in steepest weekly oil price drop in 2 years
Crude oil prices dropped below $100 on Friday as oil settled lower when the International Energy Agency agreed to join the US in an oil reserves release. It resulted in the biggest weekly drop in two years as both US crude and Brent benchmarks settled down 13%. West Texas Intermediate crude for May delivery …
Even tribal members are split over whether to end drilling around Chaco Canyon in New Mexico
The oil and gas industry isn’t sure who will win the fight over drilling around the Chaco Canyon National Historical Park in northwest New Mexico. Environmentalists and some tribal leaders want the government to close federal lands to new mineral leases in the area while tribal members who receive income from the leases and …
