February 9, 2021 archive

Executives and directors at Murphy Oil take pay cuts for 2021

  Murphy Oil’s CEO and President Roger W. Jenkins is taking a 25% cut in pay as the company, now headquartered in Houston, announced several compensation decisions affecting the company’s executives. In making the announcement, the company, formerly headquartered in El Dorado, Arkansas said the changes were driven by changes in the company’s asset portfolio, …

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Halliburton announces companies to join in clean energy effort

–   Halliburton’s collaborative effort to advance cleaner and affordable energy—Halliburton Labs–announced this week the companies chosen to take part in the move. Enexor BioEnergy, Momentum Technologies and OCO Inc. will be given access to Halliburton’s deep business and technical expertise, facilities and network. They are the companies chosen to take part part in the …

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OK Governor issues own executive order defying Biden’s anti-fossil fuel moves

            Oklahoma Gov. Kevin Stitt has become the latest governor to challenge President Biden’s anti-fossil fuel executive orders showing that two can play the game of dueling executive orders. On Monday, Stitt signed his own executive order in which he declared under the 10th Amendment that Oklahoma has the right …

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NGL closes on $2 billion in new financing

  NGL Energy Operating closed on nearly $2 billion in notes in the past week, using the proceeds to repay all outstanding borrowings and to terminate its restated credit agreement from 2017. The closing also terminated the company’s $250 million term credit agreement dated 2019. The $2.05 billion in new senior notes were issued as …

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Gasoline prices continue to climb in Oklahoma and the U.S.

  In apparent response to growing optimism that the COVID-19 vaccine will increase travel and gasoline demand, gasoline prices continue to rise with a new national average of $2.46. Oklahoma’s average is $2.19, up three cents in the past week and 16 cents higher than a month ago. Oklahoma City’s average is $2.17, four cents …

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