An Oklahoma legislator says it’s time Oklahoma created a trade office in Taiwan, even as the country faces a threatened invasion by communist China. Click here for McCarville Report.
OneEnergy Partners announces acquisition of Trainer Partners and western Oklahoma assets
Houston-based OneEnergy Partners II Holdings, LLC announced the acquisition of Trainer Partners LTD of Midland, Texas and its western Oklahoma holdings. The western Oklahoma holdings obtained by OneEnergy are in Roger Mills County while other holdings are royalties and working interests across Lea and Eddy Counties, New Mexico; Gaines, Andrews, Hemphill and Midland …
Dividend declared by Alliance Resource Partners
Tulsa-based coal mining company, Alliance Resource Partners, L.P. announced that the Board of Directors of ARLP’s general partner approved an increased cash distribution to its unitholders for the quarter ended December 31, 2021. ARLP unitholders will receive a cash distribution for the 2021 Quarter of $0.25 per unit (an annualized rate of $1.00 per unit), …
ConocoPhillips sells Permian Basin assets to Houston firm
In a $440 million deal, ConocoPhillips sold some of its oil-producing assets in the Permian Basin to Houston-based Maverick Natural Resources, a firm with operations and holdings in Oklahoma. The assets to be acquired produced over 11,000 boepd (50% oil) from the Central Basin Platform and Northwest Shelf of the Permian Basin during September …
Phillips 66 reports Fourth-Quarter 2021 financial results
Phillips 66 announced fourth-quarter 2021 earnings of $1.3 billion, compared with earnings of $402 million in the third quarter of 2021. Excluding special items of $25 million, the company had adjusted earnings of $1.3 billion in the fourth quarter, compared with third-quarter adjusted earnings of $1.4 billion. “During 2021, our employees maintained focus on …
Other energy headlines on Monday
** A federal judge has canceled the Biden administration’s late 2021 sale of new oil-and-gas drilling leases in the Gulf of Mexico. The ruling that the greenhouse gas emissions analysis by the Interior’s Bureau of Ocean Energy Management (BOEM) was insufficient is a win for green groups that challenged the decision, as they seek to curb fossil fuel …
Chesapeake doesn’t plan to get out of oil exploration
With its $2.4 billion acquisition of Chief Oil & Gas and sale of oil assets in Wyoming’s Powder River Basin to Continental Resources, Chesapeake Energy would look like it’s devoting all attention to gas exploration and not oil. But the company’s Nick Dell’Osso, Chesapeake’s CEO says not so fast. The company has no intention of …
Study finds living near fracking sites increases risks for elderly
A new study by Harvard medical researchers contends that elderly people who live near or downwind from fracking sites at oil and gas wells are more likely to die prematurely. Researchers from the Harvard TH Chan School of Public Health studied the health records of 15 million people on Medicare living in …
Former legislator accuses regulators of not following rules for OGE storm financing
Even as an Oklahoma Supreme Court referee took under advisement the legal challenges to the financing method used by Oklahoma Gas & Electric for nearly $800 million in February 2021 winter storm costs, former legislator Mike Reynolds added to his protest in the case. He doubled down on OG&E, the Oklahoma Development Finance Authority …
Crude oil slipped in Thursday’s trading
Accessibility statementSkip to main content After two days of gains, crude oil prices slipped in both the U.S. and overseas but still remained closer to $90 a barrel then compared to a week earlier. West Texas Intermediate crude for March delivery dropped 74 cents to $86.61 a barrel on the New York Mercantile Exchange. Global …