The acquisitions and mergers of the past few months have resulted in a shift of the largest shale players in the country. Some are based in Oklahoma while many others have sizeable operations in the state. The latest acquisition said to be in the making is Pioneer Natural Resources which the Wall Street Journal …
October 20, 2020 archive
Pioneer discussing acquisition of Parsley Energy
Might be another takeover in the making in Texas. Reports suggest that Pioneer Natural Resources Co. of Irving, Texas has been in talks to acquire Parsley Energy Inc. The Wall Street Journal reported the initial story based on people familiar with the talks. Parsley Energy, based in Austin, Texas is considered to be a …
Nonprofit seeks electric deregulation for commercial users
Oklahoman Mike Boyd, creator of the nonprofit Alliance for Electrical Restructuring in Oklahoma is on a mission to get approval to deregulate electricity markets. Jack Money at The Oklahoman reported that Boyd hopes to win approval of a plan to provide commercial customers of Oklahoma Gas and Electric Co. and Public Service Company of …
Halliburton Q3 net loss $17 million
After laying off hundreds of workers at its Oklahoma operations, Halliburton reported a third quarter net loss of $17 million, a loss that compared to the $295 million in net income a year ago. It is on top of the $1.7 billion reported lost in the second quarter of the year which translated into …
Calfrac shareholders vote with management, spurn Wilks Brothers
Calfrac Well Services Ltd. shareholders in Calgary have spurned a takeover offer from Texas-based Wilks Brothers LLC at a contentious meeting where the sparring sides put forward two different plans for the heavily indebted fracking company. Financial Post reported that shareholders owning more than two-thirds of the company’s stock voted in favour of a recapitalization …
Study on Rural Fire Emergency Response
State Rep. Trey Caldwell, R-Lawton, led a recent interim study to discuss the current systems in place for emergency management and ways to improve response time. The study was presented before the House Public Safety committee. “When a person’s health or safety is at risk, they’re not concerned with whether the emergency responders come from …
Searcy Solar, Largest Array With Storage in Arkansas, to Turn Dirt Next Month
Entergy Arkansas and NextEra Energy Resources will start construction next month on what will be the state’s largest sun power array with battery storage, a 100-megawatt plant in White County, Arkansas. The project, the Searcy Solar Energy Center, will employ 250 construction workers and include 10 megawatts of storage capacity for three hours of daily …
Panhandle Oil and Gas becomes PHX Minerals
Oklahoma City-based Panhandle Oil and Gas Inc. has become PHX Minerals Inc. The name change took effect Oct. 8. Chad L. Stephens, Company President and CEO explained the firm embarked on a new corporate strategy at the beginning of the year to become a minerals-only company. “This new strategy means we will no longer …
Lake Charles company to permanently store millions of tons of greenhouse gases 10,000 feet below ground
A Lake Charles company has embarked on an ambitious plan to create a vast repository 10,000 feet beneath the Earth’s surface for the permanent storage of up to 80 million tons of carbon gas now released into the air by Louisiana industrial plants. The repository is actually a permeable layer of rock containing saltwater — …
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