A promotion has been announced for the senior management team at Houston-based Plains All American Pipeline L.P. A man with more than 20 years of experience at Phillips 66, Chris R. Chandler will join the company as Sr. Vice President of Strategic Planning and Acquisitions. He most recently was general manager of Corporate Strategy at …
Oklahoma City-based Enable Midstream Partners LP plans to release its first quarter 2018 earnings report on May 2, 2018. The actual release will be made before market hours on that Wednesday followed by a conference call at 9 a.m. CDT where company leaders will discuss the results. The fourth quarter earnings released in February 2018 …
Governor Mary Fallin has signed into law a bill making changes to the interest rate paid by oil and natural gas producers when there are issues with royalties on minerals. The governor signed House bill 2775 making it effective Nov. 1 at which time changes to the Production Revenue Standards Act will happen. Under the …
The call by striking teachers for the state to eliminate the tax deductions or exemptions from capital gains is being opposed by at least one group. The Oklahoma Association of Realtors came out this week with a video and statement indicating such a move would be harmful to Oklahoma’s economy. Capital gains exemptions are common …
Chesapeake Energy in Oklahoma City has filed forms with the SEC indicating the possible sale of several billion dollars in Senior Notes. In the filing made this week with the Securities and Exchange Commission, the energy company indicated the information in the prospectus was not complete and could be changed. Chesapeake also noted that it …
After being sued by a Washington D.C. watchdog group and facing criticism, Oklahoma Attorney General Mike Hunter has released controversial audits of how the buyout of homes and businesses was handled at the Tar Creek Superfund site. He announced the release after getting approval from Judge Thomas Prince who presides over Oklahoma’s Multicounty Grand Jury. …
State regulators are waiting to see if their latest attempts to ease the potential for an increase in northern Oklahoma earthquakes will work. Following what was originally rated a 4.6 magnitude earthquake, the Oklahoma Corporation Commission directed the operator of one wastewater disposal well to reduce the volume of injection. The volume was to be …
Days after corporate raider Carl Icahn announced his intention to attempt a total replacement of the SandRidge Energy Board of Directors, the company responded Monday saying it has attempted to get his input but he has refused the offers. The lengthy statement said in part: “SandRidge welcomes shareholder input and will review all qualified candidates …
One of the latest bills in the legislature to target Oklahoma’s wind industry was unveiled Monday by two Senators who maintained they were not “anti-wind industry,” but that Oklahoma is on the hook for up to $750 million in tax credits in the next ten years. “It’s not right that we are raising everyone else’s …
With tensions easing in a possible trade war with China, crude oil prices rose the most in two weeks on Monday. The price for a barrel of West Texas Intermediate crude rose $1.36 to hit $63.42 a barrel on the New York Mercantile Exchange. It’s still a few dollars below the 52-week high of $66.66. …
