August 2018 archive

Dallas firm divests $201 million in West Panhandle assets

Oil assets in the Texas Panhandle were sold this week in a $201 million deal involving Pioneer Natural Resources Company of Dallas and an undisclosed buyer. Pioneer Natural made the announcement saying it sold all of its assets in the West Panhandle field and the agreement is expected to close in the third quarter of …

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Investment firm acquires EnerVest’s South Texas operations

  EnerVest, a company with operations in Oklahoma City and Elk City completed the sale of its South Texas Division to TPG Pace Energy Holdings Corporation. As a result, TPGE changed its name to Magnolia Oil and Gas Corporation and will see its Class A Common Stock and Warrants traded on the New York Stock …

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New board member named at Williams Companies in Tulsa

After recently retiring from the New York State Common Retirement Fund, Vicki Fuller has been named as an independent director on the Board of Directors at the Williams Companies, Inc. in Tulsa. The appointment is immediate for Fuller who spent six years as chief investment officer at the New York State Fund, which is the …

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Holly Energy makes $17.5 million purchase in Tulsa

A $17.5 million purchase of loading facilities in Tulsa by Dallas-based Holly Energy Partners, L.P. from Holly Corporation became official on Wednesday. The purchase  involved truck and rail loading and unloading facilities at Holly’s refinery in Tulsa.  In announcing the acquisition, the company said it anticipates nearly $2.7 million incremental annual revenue. The company paid …

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Rumbling earthquake recorded Wednesday morning near Blanchard

An earthquake measuring 3.5 magnitude rattled south central Oklahoma early Wednesday morning. The U.S. Geological Survey said the quake’s epicenter was located about 6 miles southeast of the city of Blanchard. It was recorded at 5:11 a.m. So far, there are no reports of damage. The Oklahoma Geological Survey recorded at least 4 smaller earthquakes …

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Collapsed trailer with wind tower base causes long roadblock

A broken trailer carrying a massive base to a wind tower caused quite a road block this week in McClain County. The roadway at 76th and South Tyler was blocked for nearly 3 hours on Tuesday when the trailer collapsed. Workers were forced to find a crane large enough to move the base of the …

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