Oklahoma City-based Flywheel Energy, LLC has completed its acquisition of Southwestern Energy Company’s Fayetteville shale business for $1.865 billion, according to a company press release issued on Tuesday. Backed by the Kayne Private Energy Income Funds platform, the independent oil and natural gas company acquired assets including 716 mmcf/d of net production from 4,033 producing …
Houston-based Anadarko Petroleum Corporation plans to place seismic sensors to search for oil and gas deposits underneath the east side of Loveland, Colorado, according to a report by The Loveland Herald. Anadarko trucks will vibrate the ground. The vibrations recorded by the seismic sensors will help to create maps of the underlying geology. The work …
Tulsa-based NGL Energy Partners LP has completed the sale of NGL Water Solutions Bakken, LLC to an affiliate of Tallgrass Energy, LP for $91 million in cash proceeds, according to a company press release issued on Monday. In mid November, the company revealed it would exit the Bakken saltwater disposal business to focus on other …
A Houston energy company with Oklahoma ties is finalizing its merger with an Indiana company. Back in April, CenterPoint Energy announced that it would acquire Vectren Corp. The newly expanded company will continue as CenterPoint Energy with its headquarters office in Houston. The $6 billion deal is expected to close in the first quarter of …
Tulsa-based SemGroup Corporation and Denver-based DCP Midstream, LP are teaming up to commence an open season process to solicit binding commitments in developing a new pipeline system to transport segregated, light batches of crude oil originating in Cushing, Oklahoma and terminating in Houston, Texas, according to a joint press release issued on Monday. All …
The latest weekly oil and gas rig count revealed a drop for the nation and Kansas while Oklahoma was the only state to see a rise, according to Houston-based Baker Hughes Company. Oklahoma added a rig for a new count of 145 compared to the 122 active rigs from a year ago. The U.S. rig …
Oil and gas rig counts were up in Oklahoma and across the rest of the nation in the past week. Oklahoma’s count grew by 2 to reach 139 while nationally, the count was up 7 to reach 1,055. Baker Hughes Co. reported the national count included an increase of 7 oil rigs to reach 867 …
Arkansas state and federal officials are seeking more than $1.8 million from Exxon Mobil to compensate for damage and wildlife restoration efforts caused by a 2013 oil spill, according to a report published on Thursday by the Arkansas Democrat-Gazette. The Arkansas Game and Fish Commission mailed the settlement proposal to Exxon on Tuesday. The proposal …
As national intelligence officials pointed the finger at Russian meddling in the 2016 Presidential election, an Oklahoma congressman participated in a House committee charged with determining whether similar efforts were pursued to influence the U.S. domestic energy policy. A recent report by the News 9 investigation staff reveals Congressman Frank Lucas’ involvement in meetings designed …
The number of U.S. oil and gas rigs jumped by 13 this week, while Oklahoma’s rig count climbed by two, Baker Hughes reported Friday. The country’s rig count increased to 1,057, up from 949 one year ago. Rigs drilling for oil increased by ten to 869, while the number of rigs drilling for natural gas …
