Never any rest for a lineman. And that’s just what OG and E crews confirmed this week as a convoy of 50 trucks left for Lake Charles, Louisiana to eventually be shipped by barge to Puerto Rico. Puerto Rico still has major power issues following this past fall’s hurricane Maria. Crews from Oklahoma Gas and …
Low gasoline prices in Oklahoma will continue into the New Year’s weekend as they average $2.19 a gallon, fifth lowest in the country. AAA Oklahoma says the national average is $2.44 a gallon, up two cents from a week ago. The cheapest gasoline is in Alabama where the average is $2.17. Most expensive is Hawaii …
Energy Transfer Equity’s failed 2015 merger with The Williams Cos. in Tulsa has come back to bite the Dallas-based company in the back. A lawsuit filed in April 2016 by Kessler Topaz on behalf of common unitholders of ETE is set to go to trial in Delaware. It is scheduled in February of 2018. The …
Phillips 66 with its heavy interest in Oklahoma plans to announce its fourth quarter 2017 financial results in a little more than one month. Executive management will host a conference call at 11 a.m.on Friday, Feb 2, 2018 to discuss the results which will be released earlier in the day. They will also provide an …
Tulsa-based Empire Petroleum Corporation gets a new Chief Executive Officer. Long-time leading energy investment banker Thomas “Tommy” Pritchard was named CEO this month. At the same time, the company announced its purchase of nearly 14,000 gross developed and undeveloped acres and 70 producing wells in North Louisiana. The wells produce about 500 gross barrels of …
Pipeline and storage operator Tallgrass Energy Partners, LP based in Leawood, Kansas announced this week that Oklahoma City-based Continental Resources, Inc. exercised its contractual right to extend its agreement with the company. The agreement pertains to Continental’s shipment of crude with the Belle Fourche Pipeline Company and TEP’s subsidiary, Tallgrass Pony Express Pipeline, LLC. The …
With West Texas Intermediate prices climbing above the $60 mark this week, it was due to a pipeline that exploded in Libya. As a result of the explosion, a large part of supply was knocked offline. The rise above $60 a barrel was the first time in two and a half years that WTC hit …
The Oklahoma Waterflood and Texas Panhandle properties of LINN Energy Inc. have been sold in a $122 million agreement with ah undisclosed buyer. The sale, still subject to closing agreements involves 179,000 net acres in Oklahoma and Texas with third quarter net production of nearly 5,200 BOE/d. It also involves proved developed reserves of 22.8 …
