Parent company EnerVest Ltd. based in Houston is not filing for bankruptcy but its publicly traded upstream oil and gas business, EV Energy Partners is headed to bankruptcy court. EV Energy Partners, a firm with operational offices in Elk City, Oklahoma and other states will file for bankruptcy to restructure and reduce its debt. …
INOLA – Governor Mary Fallin participated in a groundbreaking ceremony on Friday for Sofidel Group, an Italian manufacturer of tissue paper that announced a $360 million capital investment here. The project will include the construction of a new facility that will support 300 jobs in the Rogers County community. “Sofidel will build here a new, …
Another Oklahoma energy company has reviewed ruling by the Federal Energy Regulatory Commission and determined it does not expect a material impact from it. NGL Energy Partners LP, based in Tulsa, owner of Grand Mesa Pipeline LLC does not think there’ll be any harmful effect from the FERC ruling that disallowed income tax allowance cost …
Leadership at Oklahoma City-based Enable Midstream Partners, LP is still reviewing the potential impact of a March 15, 2018 FERC announcement. The Federal Energy Regulatory Commission said it would reverse a long-standing policy allowing master limited partnership interstate natural gas and oil pipelines to recover an income tax allowance in cost of service rates. …
More oil and gas drilling rigs were added to the mix in Oklahoma and across the U.S. in the past week according to reports from the Independent Oil and Gas Service and Baker Hughes Co. Oklahoma added 4 to reach 124 while nationally, the count grew by 6 to hit 990. The national count included …
