Oil prices dropped in Wednesday’s trading but the slide could have been greater had it not been for a turnaround in the U.S. stock market and a draw on U.S. crude supplies. West Texas Intermediate crude fell 14 cents and settled for the day on the New York Mercantile Exchange at $63.37 per barrel on …
First quarter results for oil refinery operator Holly Energy Partners, L.P. will be released May 1. With refineries in Tulsa and El Dorado, Kansas and other sites around the country, Holly Energy plans to announce the results before the opening of trading on the New York Stock Exchange. It will hold a webcast conference later …
Tulsa-based Unit Corporation announced Wednesday it has closed on a previously announced deal to sell 50% interest in its Superior Pipeline Company LLC. The $300 million sale is with SP Investor Holdings LLC which is jointly owned by OPTrust and funds managed and advised by Partners Group, a global private markets investment manager. Unit intends …
First quarter 2018 results for Devon Energy Corp. will be released Tuesday, May 1 according to an announcement by the Oklahoma City-based company. The results will be released after the close of U.S. financial markets followed by a conference call the next morning at 10 a.m. Central Time. Earlier this year, the company confirmed an …
Like every other agency in Oklahoma’s state government, the Corporation Commission is looking for places to fund its growing operations. The petroleum excise tax is one target according to a report in the Journal Record. The paper quoted Corporation Commission Chairwoman Dana Murphy as looking to use more of the excise taxes to cover the …
Federal tax charges have been filed against the former president and CEO of the former Oklahoma City-based environmental sales and consulting company TEEMCO. It’s not the first time Gregory Damien Lorson of Naples, Florida has faced tax charges. This week’s charges were filed in Oklahoma City federal court and accused Lorson of failing to pay …
Oilman and cattleman Tom Ward has expanded his newly-formed company’s holdings in northwest Oklahoma with the purchase of more than 1,100 wells and 155,000 acres from Chesapeake Energy, the company he helped found years ago. Ward’s BCE-Mach LLC announced the closing of the deal on land and wells in Woods and Alfalfa Counties. BCE-Mach LLC, …
The cause of a fire at an oil and gas pumping unit on Monday near Wewoka apparently was a backfiring motor. It’s what Fire Chief Kevin Green said about the late-afternoon fire that was still burning later Tuesday. The motor backfired and ignited gases as the crew of the pulling unit worked around the well …
First there was the pricey-flights he took around the world. Then there was the leasing of a condo owned by an energy lobbyist in Washington D-C. Now EPA Chief Scott Pruitt, the former attorney general from Oklahoma faces grilling over pay raises he got for two aides he brought from Oklahoma to help him at …
Only the burned ruins of a cotton gin destroyed by fire on Tuesday remain in the southwest town of Lone Wolf. For a while, fear that oil and chemicals in the business would cause a more dangerous situation prompted state troopers and authorities to begin an evacuation of some of the town in Kiowa county. …
