Holly Frontier Corporation, operator of refineries in Tulsa and Kansas and other states has moved to cut its 2020 capital expenditures by nearly 15%. The Dallas-based company said its capex will be reduced from the original budget of an estimated $729 million down to about $525 million. The revised capital budget was announced Wednesday as …
Rural electric cooperatives are among those standing in line for the country’s next coronavirus relief package. The National Rural Electric Cooperative Association, the group representing rural co-ops in Oklahoma and elsewhere in the U.S. asked congressional leaders for relief this week. More than 30 such electric cooperatives are members of the Oklahoma Electric Cooperatives …
Tulsa-based Magellan Midstream Partners, L.P. announced it has decided to make its April 23 shareholders meeting a virtual meeting because of the coronavrius pandemic. The company will hold the meeting via webcast beginning at 10 a.m. Central Time on Thursday, April 23. It means unit holders will not be able to attend the annual meeting …
While Williams Chairman Stephen Bergstrom faces no opposition in the company’s upcoming annual shareholder meeting, a proxy advisor says he should not be re-elected. The claim is based on the company’s recent move to adopt a so-called poison pill aimed at making the company seem unattractive for any takeover attempt. The claim comes from Institutional …
Bob. G. Alexander, a long time member of the board of directors for SandRidge Energy, Inc. and Oklahoma oilman died this week. He was named to the SandRidge board in 2018 after activist investor Carl Icahn won a proxy fight with the company. Alexander founded the Alexander Energy Corp and led it until the …
Despite the low oil prices, Oklahoma City-based Continental Resources Inc. filed 8 completion reports this week with the Oklahoma Corporation Commission. Three were wells on a single pad in Garvin County with production of about 800 barrels of oil a day. The three wells had production of 449, 139 and 169 barrels of oil …
