Snow, ice and freezing rain are in Tuesday’s forecast for Oklahoma

After being meanly teased last week with the 70 degree weather, Tuesday promises just the opposite in Oklahoma.  Snow, freezing rain and rain are in the forecast for a large section of the state. That means extra layers of clothing for those who work on oil and gas rigs in the state, not to mention …

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North Dakota reports record oil and gas production in December 2018

“What a great way to end the year.” North Dakota spokesman after record oil and gas production in 2018.   While Oklahoma might have nearly twice as many oil and gas rigs as North Dakota on any given week, North Dakota just strengthened its hold as the nation’s second-largest oil-producing state after Texas. North Dakota’s …

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Lawmakers reject higher royalty rate on oil in New Mexico

An attempt at raising the royalty rate for oil and natural gas production on state trust lands in New Mexico has been rejected by legislators. They voted against a bill to increase the royalty rate from 20 percent of production to 25 percent. The defeat came at the hands of a Democrat-led committee of House …

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Chicago investment firm’s SEC filing shows stock holdings in Chesapeake Energy

Chicago-based investment company Harris Associates L.P. filed documents with the Securities and Exchange Commission showing its holdings in Oklahoma City’s Chesapeake Energy. The firm’s holdings total 43,639,081 shares or 4.6% of Chesapeake Energy. Harris manages $141 billion in assets worldwide as of March 31, 2018.    

SEC filings show stock changes at NGL Energy Partners

Filings with the Securities and Exchange Commission by directors at NGL Energy Partners LP reflect a change in stock ownership. Four directors and officers of the company made the filings. Executive Vice President, General Counsel and Corporate Secretary Kurston Patrick McMurray sold 3,574 shares at $11.82 each. The company’s Chief Accounting Officer, Lawrence J. Thuillier …

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Environmental fines among $11 million collected by OKC federal prosecutors in 2018

Federal prosecutors in Oklahoma City say they collected nearly $11 million last year from criminal and civil cases including environmental matters. Robert J. Troester of the U.S. Attorney’s office said the figure was $10,624,311 in the fiscal year ending Sept. 30, 2018. Most of the money came from civil actions and it totaled $4,932,069 while …

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Midstates Petroleum wraps up $50 million tender offer

  Midstates Petroleum Company, Inc. in Tulsa announced the final results of its tender offer to purchase for cash up to 5,000,000 shares of its common stock (the “shares”) at a price of $10.00 per share, which expired at 5:00 p.m., New York City time, on Tuesday, February 12, 2019. Midstates has accepted for purchase …

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ConocoPhillips urges shareholders to reject min-tender offer

ConocoPhillips has come out and advised shareholders it is not endorsing a mini-tender offer by Baker Mills LLC to buy up to 50,000 shares of ConocoPhillips common stock. It is an unsolicited offer to buy the shares from stockholders and the offering price is $55 a share. ConocoPhillips said in a recent announcement the offer …

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PSO awards $50,000 grant to University of Tulsa

  Public Service Company of Oklahoma announced a $50,000 grant to the University of Tulsa on behalf of the American Electric Power Foundation to help bring new state-of-the-art equipment and technologies to the school’s Electrical and Computer Engineering (ECE) Department. The grant will go toward updating the department’s Electric Machines Lab, initiating a Power Electronics …

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USS Tulsa joins Navy fleet

Senator James Lankford  provided the keynote address at the commissioning of the new Littoral Combat Ship (LCS), the USS Tulsa. Lankford attended the commissioning at Embarcadero Pier 30/32 in San Francisco, CA. “It is a great honor to join so many Oklahomans to officially welcome the USS Tulsa into the Navy’s LCS fleet,” said Lankford. “The USS Tulsa truly represents …

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