Minneapolis-based Northern Oil and Gas announced it just made a $154 million cash bolt-on acquisition of proved producing properties in North Dakota’s Williston Basin where Oklahoma energy firms have had operations. The acquisition involves non-operated interests across over 400 producing wellbores located primarily in Williams, McKenzie, Mountrail and Dunn Counties in the basin …
Category: Oil & Gas
Other energy headlines in today’s news
** U.S. Coast Guard investigators have boarded a massive cargo ship as they probe what caused the rupture of an offshore oil pipeline that sent crude washing up on Southern California beaches. ** The Board of Directors of Murphy Oil Corporation declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.125 …
Elk Range Royalties expands holdings in Permian Basin
Elk Range Royalties, LP, a Dallas company with interests in wells throughout Oklahoma’s Anadarko Basin announced it acquired nearly 2,600 acres of Permian Basin royalty interests from an undisclosed seller. The company stated that the cash flow over the last 12 months was $10.8 million and included “top operator exposure to Devon, Pioneer and …
Marathon Petroleum oil refinery continues to leak crude
Marathon Petroleum Corp. is attempting to empty a leaking oil storage tank at its oil refinery on the Texas Gulf Coast. The leak was discovered earlier this week and workers contained much of the crude in a containment dike reported Bloomberg. Click here for Bloomberg.
Oil drops along with Oklahoma energy stocks
After hitting nearly $79 a barrel in the U.S. on Tuesday, crude oil prices on Wednesday fell nearly 2% following news of an unexpected rise in U.S. crude inventories. West Texas Intermediate crude for November delivery dropped $1.50 to $77.43 a barrel. Global benchmark Brent crude for December delivery fell$1.48 to finish the day …
Oklahoma’s gross receipts hit record high thanks to increased oil prices
Oklahoma State Treasurer Randy McDaniel reported this week that the state’s expanding economy pushed gross receipts to an all-time high as collections from the past 12 months topped $14.5 billion. Rising oil prices were a key part of it. Gross receipts for the month were also a record high totaling $1.38 billion, exceeding results …
Mineral rights scheme leads to 2nd federal indictment
A federal grand jury indicted an Oklahoma City attorney this week, making him the second person charged in a mineral rights scheme. The Oklahoman reported attorney Mitchell K. Coatney was accused of allegedly working with Justin Biggs who at the time was an employee of Continental Resources Inc. The indictments accuse the two of …
United Energy expands holdings in NE Oklahoma
A 140-mile natural gas pipeline owned by Red Fork Energy in Wagoner County, Oklahoma has been acquired by United Energy, a firm based in Plano, Texas. No sales price was disclosed in the announcement. It is a second major acquisition in eastern Oklahoma for United Energy. In August, the company announced it had acquired what …
Other energy stories from around the globe
** Pennsylvania’s attorney general announced the filing of criminal charges against pipeline operator Sunoco for last year’s spill of thousands of gallons of drilling fluid. Energy Transfer, Sunoco’s owner, faces 48 criminal charges, most of them for illegally releasing industrial waste at 22 sites in 11 counties across the state. ** The U.S. Coast Guard …
ONE Gas 3Q earnings report coming soon
ONE Gas, Inc. will release its third quarter 2021 earnings after the market closes on Monday, November 1, 2021. The ONE Gas executive management team will participate in a conference call the following day, Tuesday, November 2, 2021, at 11 a.m. Eastern Daylight Time (10 a.m. Central Daylight Time). The call also will …
