July 3, 2019 archive

New Learjet 75 Liberty to be built in Wichita

Bombardier, the airplane manufacturer with operations in Oklahoma City announced it intends to build and assemble its newest business jet, the Learjet 75 Liberty in Wichita. How many more new jobs it might mean isn’t known. The Learjet 75 Liberty is a six-seat light jet. “The Learjet 75 Liberty demonstrates our commitment to this iconic …

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How NGL financed purchase of disposal company

  NGL Energy Partners LP announced that on July 2, 2019, it completed a private placement to institutional investors of $400 million of its Class D Preferred Units and warrants to purchase common units representing equity interests in the Partnership.  The Class D Preferred Units bear an initial preferred distribution rate of 9.00%, are redeemable at any time at …

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OKC’s Chaparral Energy added to 2019 Russell U.S. Indexes

  Chaparral Energy, Inc. announced the company was added to the Russell 3000® Index on July 1 as part of the 2019 Russell U.S. Indexes reconstitution. “Chaparral is pleased to be included in the Russell 3000® Index,” said Chaparral Chief Executive Officer Earl Reynolds. “Our commitment to the strategic, low-cost development of our high-return STACK assets and …

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NGL Energy wraps up $892 million acquisition of Mesquite Disposals

NGL Energy Partners LP of Tulsa  announced the closing of its previously announced acquisition of all of the assets of Mesquite Disposals Unlimited, LLC  for a total purchase price of $892.5 million on a cash-free, debt-free basis, a portion of which will be funded in deferred payments. “The closing of our Mesquite transaction creates the …

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OGE to hand out fans to keep poor and elderly cool

OG&E is launching its 13th annual fan donation program by delivering 1,200 electric fans to social service agencies serving low-income and elderly residents across its service area in Oklahoma and western Arkansas. The fan donations are part of OG&E’s Silver Energy™ Program which provides seniors with residential choices designed to increase their comfort, safety and savings. “We’re working …

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Devon issues latest presentation to attract investors

Oklahoma City’s Devon Energy has released its July 2019 Investor Presentation, one that boasts of defining the “New Devon.” It says the company has a world-class U.S. oil portfolio with unrivaled acreage position in the top basins, multi-decade growth inventory and resource depth allowing for portfolio high-grading. The new report cites oil production from four …

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Legislator wants review of state actions in Arkansas River flooding

  State Rep. Lonnie Sims (R-Jenks) requested an interim study to conduct a state-level review of the actions taken leading up to and in response to the historic Arkansas River Flood of 2019. “We experienced the second most significant flood event along the Arkansas River since 1986,” Sims said. “The flooding spared no community along …

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Three-well pad produces 2,200 barrels of oil for Marathon Oil in Kingfisher county

Houston’s Marathon Oil Company is reporting three wells drilled off a single pad in Oklahoma’s STACK play are producing a combined total of more than 2,200 barrels of oil a day. The completion reports filed this week showed the wells were drilled in Kingfisher County at 33 15N 9W and are located about 10.5 miles …

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Happy Independence Day!!!

Enjoy this July 4th holiday. We will return tomorrow with our regular newsletter, filled with information about some of the latest energy happenings in Oklahoma and the region. And don’t forget to give appreciation to the freedoms we enjoy in the U.S.

Permits to drill for July 2, 2019

Permits to drill filed for July 2, 2019. Blaine County SIMMONS 3-01-12 #1413MHX, July 02 2019 01 14N 13W NENENWNW API: 01124229 Lat: 35.72440513160129, Long: -98.54008295727525 TRIUMPH ENERGY PARTNERS LLC HH, DR, 23011 ft, MISS’AN LM(12200) Grady County NIGHT #1-16, July 02 2019 16 5N 8W SESENWNE API: 05122782 Lat: 34.90970803479753, Long: -98.04488165288868 TERRITORY RESOURCES LLC DH, …

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