‘2016 Continuation of Difficult Times’ Panhandle O&G Exec Says
Reporting a 1Q16 net loss of $2.8 million, or $0.17 per share, compared to net income of $10.2 million, or $0.61 per share, in 1Q15,...
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Obama Proposes New Oil Tax in FY2017 Budget
On Feb. 9, President Barack Obama released a $4.1 trillion budget proposal for fiscal year 2017 that calls for oil companies to pay a $10.25-per-barrel...
Krewe Energy Acquires Multiple Interests in Southern Louisiana
Krewe Energy, LLC, a Covington, La.-based independent oil and gas exploration company has completed a 100% acquisition of Castex Energy’s interest in the Lapeyrouse Field,...
Oklahoma-based Devon Energy Announces Plans for Layoffs Amid Energy Downturn
Devon Energy announced plans to layoff workers in the coming months. The company’s CEO Dave Hager made the announcement during an employee town hall meeting...
Saudi Arabia Considers Listing State-owned Aramco Shares Amid Oil Price Slump
With an estimated worth of more than $10 trillion, state-owned Saudi Armco, considered the most valuable company in the world, is contemplating listing shares as...
Freely Traded US Crude Sets Sail from Texas Port
Just two weeks after the U.S. government lifted the 40-year-old oil export ban, ConocoPhillips and NuStar Energy LP set sail to the first tanker containing...
Oklahoma Corporation Commission Reacts to Large Earthquakes
The Oklahoma Corporation Commission’s Oil and Gas Conservation Division (OGCD) has called for disposal wells injecting into the Arbuckle formation to curtail operations in reaction...
Top 10 Stories on OilmanMagazine.com in 2015
Despite the industry’s ongoing struggle to maintain momentum amid low oil prices, it made significant progress on many fronts this year. In Texas, a fight...
USGS Increases Assessment of Barnett Shale Gas Resource by 26.8 Trillion Cubic Feet
The U.S. Geological Survey (USGS) recently increased its assessment of the undiscovered, technically recoverable shale gas resource in the Mississippian Barnett Shale by 26.8 trillion...
Congress Agrees to Lift Oil Export Ban Under US Spending Bill
In a dramatic turn of events last week, Democrats and Republicans in Congress reached a compromise on the federal government omnibus spending bill that lifts...