One of Gulfport Energy Corps.’s major investors, Firefly Value Partners is urging the Oklahoma City company to begin a $500 million buyback program. In a letter sent this week to Gulfport Energy directors, the New York City-based hedge fund’s leaders also urged the firm to sell its 22 percent ownership in Oklahoma City-based Mammoth Energy …
A correction to our story this week about the acquisition of shares made by David E. Rainbolt, a director at Oklahoma Gas and Electric. We reported he had acquired 317,703 shares valued at $12,500,000. But it should have been an acquisition of 317,703 shares valued at $12,500. Each share was valued at $39.72. The filing …
Plans call for the demolition of Oklahoma Gas Electric Company’s Energy data center in Oklahoma City sometime in April. The building at SW 5 and E.K. Gaylord will be destroyed as part of Oklahoma City’s plans to build a new convention center as well as 17-story, 605-room Omni hotel. A 865-space garage will replace the …
Before he underwent grilling from Democrats, Andrew Wheeler, the President’s nominee to head the EPA was introduced by Oklahoma U.S. Sen. Jim Inhofe. The Senator applauded Wheeler’s nomination when it was made in November of 2018. “Thank you Mr. Chairman,” said Inhofe in making the introduction. “I would like to introduce my friend Andrew Wheeler …
A new analysis of energy costs in Kansas suggests Kansas consumers are paying more for electricity than their neighbors in Oklahoma and other states because of the state investments in coal and wind power. In short, alternative energy costs money and consumers are paying for it with higher bills. The analysis by the Kansas …
Several of the members of the management team at Oklahoma City’s Chesapeake Energy who made large purchases of stock in the past several weeks have sold some of those shares for more than $700,000. A company filing with the Securities and Exchange Commission showed President and Chief Executive Officer Robert D. Lawler disposed of 95,883 …
An 86 cent-per-share dividend was declared by ONEOK’s Board of Directors this week. It represented a 12 percent increase over the dividend announced by the company in January of 2018. And it translates into an annualized dividend of $3.44 a share. The dividend will be payable Feb. 14, 2019 to shareholders of record at the …
Under a series of bills filed this week by Oklahoma Senate President Pro Tempore Greg Treat, the governor of Oklahoma would have more appointment power of five top agency directors including the Department of Transportation. Treat’s Senate Bill 457 would grant authority to the governor to appoint the director of the DOT. It would have …
The release of the fourth quarter 2018 earnings report by Murphy Oil, the company based in El Dorado, Arkansas will be made Jan. 31. The report will be available and senior management will hold a conference call and webcast for investors and analysts at 8 o’clock central time on the same day. The company had …
Permits to drill issued for Jan. 16, 2019. Alfalfa County PIERSON 8-25-11 #4H, January 16 2019 05 25N 11W SESWSESE API: 00323357 Lat: 36.66733961009124, Long: -98.39922266433346 BCE-MACH LLC HH, DR, 11105 ft, MISSISSIPPIAN(5725) Canadian County TATER 27-34-11-6 #4WXH, January 16 2019 27 11N 6W NWNWNENE API: 01725371 Lat: 35.40544046582824, Long: -97.81750653018935 ROAN RESOURCES LLC HH, DR, 19724 …
