A fund managed by London-based Basalt Infrastructure Partners II GP Limited has completed its acquisition of Texas-based Third Coast Midstream LLC’s natural gas transmission business involving supplies in Arkansas and other southeastern states. Details of the acquisition were not revealed. Basalt announced it will rebrand the Houston-based business as Black Bear Transmission which includes 7 …
Oklahoma City’s Panhandle Oil and Gas Inc. plans to release its fiscal 2019 results on December 12, 2019. The fiscal year for the company ended Sept. 30, 2019 and the financial results will be made available after the close of trading on the New York Stock Exchange. Company leaders also plan to hold a conference …
Tulsa’s Laredo Petroleum, Inc. has expanded its holdings in the Permian Basin, announcing the closing on acquisition of 4,475 contiguous acres in West Texas. The $65 million deal involves land near Garden City, Texas as company leaders say will “improve the company’s capital efficiency and enhance free cash flow generation.” The acquisition was funded with …
Oklahoma Gov. Kevin Stitt’s latest appointment to the University of Oklahoma Board of Regents is Michael A. Cawley, a director of Houston-based Noble Energy Inc. Cawley, 72 was President and CEO of the Samuel Roberts Noble Foundation in Ardmore from 1992 until his retirement in 2012. He is one of 9 directors now on the …
Louisiana-based Mack Energy Company has received permits to drill six wells on a single pad in southern Oklahoma’s Carter County. Now headquartered in Lafayette, Louisiana with the original home office in Duncan, Oklahoma, the privately-owned oil and gas company plans to drill at a site about four miles southeast of Ratliff City. The permit was …
Oklahoma City’s Gulfport Energy, the company that recently cut its workforce by 13 percent and suspended a share buyback program reported recent success in the SCOOP play, hitting three major gas wells near the town of Alex. Completion reports filed this week by Gulfport MidCon LLC showed three Jeannie wells were drilled on a single …
Oklahoma City’s Chesapeake Energy announced Tuesday it will increase its offer to buy Senior Notes and at the same time said it finalized pricing of a $1.5 billion bank loan. The cash tender offer is for 6.875% Senior Notes due 2025 for Chesapeake subsidiaries Brazos Valley Longhorn, LLC and Brazos Valley Longhorn Finance Corp. The …
