Texas-based Jones Energy, Inc., the firm with expansive drilling operations throughout the western reaches of Oklahoma and the Texas Panhandle formally filed for Chapter 11 bankruptcy reorganization this week. The firm listed liabilities ranging from $1 billion to $10 billion with assets totaling $1 million to $10 million. Documents also indicated the company has anywhere …
Energy Poverty. It’s what must be solved if there is ever going to be an end to global poverty. It’s the call from noted geologist Scott Tinker during an appearance this week at Oklahoma City University. He told an audience that access to all forms of energy is the key, according to a report from …
The number of Boeing workers at Tinker Air Force Base in Oklahoma City will likely remain high for the next ten years, thanks to a more than $14 billion contract awarded to the company by the Air Force. The $14.3 billion contract calls for Boeing to do work on the B-1 Lancer and the B-52 …
How healthy is the trucking business? Those J.B. Hunt trucks going up and down I-40 and I-35 in Oklahoma are bringing in some profits for the company based in Lowell, Arkansas. J.B. Hunt Transport Services Inc. reported this week its first quarter 2019 net earnings were $119.6 million or diluted earnings per share of $1.09. …
Starbucks stores in Texas will get their electricity from solar farms under a deal announced this week. Starbucks, Cypress Creek Renewables and U.S. Bank have teamed up on a portfolio of solar farms across the state. Cypress is one of the nation’s leading solar companies and will provide enough energy for the equivalent of 360 …
The latest effort to improve oil gathering and transportation service in the Permian Basin is a joint venture involving Tulsa’s Frontier Midstream Solutions IV, LLC. The Oklahoma company reached an agreement with Concho Resources Inc. of Midland, Texas to create Beta Crude Connector LLC. Each will own a 50 percent equity interest in BCC with …
Alliance Resource Partners, L.P., one of the largest coal mining companies in the U.S. plans to release its first quarter 2019 financial results on April 29. The release by the Tulsa-based company will be made before the markets open on that Monday. Company management will discuss the results during a conference call at 9 …
The President of Oklahoma City-based Roan Resources, Inc. has resigned. Tony Maranto who was President, CEO and chairman of the board of directors resigned effective April 12 “for personal reasons” according to a company statement. Board member Joseph A. Mills was named to replace him as Executive Chairman of the board and will assume the …
Tulsa’s Williams Cos. plans to announce its first-quarter 2019 financial results on May 1. The results will be released after the market closes on that Wednesday. The earnings conference call and webcast with analysts and investors will be held the next day at 8:30 a.m. Central Time. The Tulsa-based company reported a loss of $572 …
ConocoPhillips says it’s wrapped up its $350 million sale of its holdings in the Timor Sea. The government of Timor-Leste bought the firm’s 30 percent interest in the Greater Sunrise Fields. “We are pleased to complete this transaction with the government of Timor-Leste,” said Matt Fox, executive vice president and chief operating officer. “ConocoPhillips …
