Declining health is forcing David Koch, 78, one of the brothers leading Koch Industries as well as a nationally known conservative group to retire. The conservative billionaire made the announcement this week, leaving control in the hands of his older brother Charles. Together, the two have been a force in American politics since the 80s. …
A Denver, Colorado company with extensive operations in western Oklahoma has formed a Fort Worth firm to create a new company concentrating on oil production in the Midland Basin of Texas. Privately-held FourPoint Energy in Denver teamed up with Double Eagle Energy Holdings III LLC of Forth Worth. They’re calling their joint venture DoublePoint Energy. …
Houston’s EV Energy Partners, L.P. , an upstream oil and gas business, has wiped out $355 million in debt and emerged from Chapter 11 bankruptcy. It also has a new name—Harvest Oil and Gas Corp., a firm with operations offices in Elk City, Oklahoma. The company said it significantly enhanced its financial flexibility through restructuring. …
Safety awards were handed out for Oklahoma highway workers at this week’s meeting of the Oklahoma Department of Transportation Commission. Workers were honored for putting their lives on the line to help construct and maintain state highways, interstates and bridges. Safety is considered to be ODOT’s top priority and the agency conducts onsite reviews, accident …
The Oklahoma Water Resources Board (OWRB) water monitoring staff announced the release of the agency’s 2017 Beneficial Use Monitoring Program (BUMP) reports providing detailed physical, chemical, and biological water data from approximately 1,300 stream, lake, and groundwater well sites across Oklahoma. Created in 1998, BUMP provides data necessary for water quality management decisions by identifying impairments to …
Oklahoma Labor Commissioner Melissa McLawhorn Houston has a new job. Secretary of Education and Workforce Development for the state. Gov. Mary Fallin announced her appointment this week making the switch in jobs to be immediate. And it leaves the field wide open for those running to succeed McLawhorn Houston who said she would not seek …
Truckers in the oil and gas industry as well as gravel haulers are seeing other big trucks on the highways over the past two weeks as toe 2908 Oklahoma wheat harvest is underway. Mike Schulte, Executive Director of the Oklahoma Wheat Commission estimates the harvest is already 45 percent finished. More combines are rolling through …
A well-completion company with a large footprint in Oklahoma’s STACK and SCOOP plays has announced completion of a major repurchase of shares. The announcement came from Keane Group, Inc which wrapped up nearly $34 million of total share repurchases at an average price of $15.54 a share. The repurchase involves nearly 2.2 million common shares. …
Water is always a major concern for Oklahoma and other energy firms taking part in the quickly-moving exploration of the Permian Basin in West Texas and New Mexico, but a Houston-based company has closed on an acquisition of a significant New Mexico water supply business. It’s a move that will have an impact on the …
ExxonMobil’s large workforce in Oklahoma is now part of a company that has finished the purchase of half of Equinor’s interest in a major offshore Brazil oilfield. The BM-S-8 block offshore contains part of the 2-billion barrel pre-salt Carcara oil field. “The Carcara oil field is an excellent example of the quality resources to be …
