Work is underway on a 239-turbine wind farm in the Texas Panhandle. Xcel Energy is building the Hale Wind Project near Plainview, a city located midway between Amarillo and Lubbock. Concrete foundations have been poured for the wind towers and turbines and blades are being delivered to the Hale County site. The company said trenching …
Encana’s $5.5 billion takeover of Newfield Exploration didn’t set well with its investors as news of the purchase on Thursday resulted in an 18 percent plunge in stocks. Investors apparently worry the Canadian company’s purchase of the firm that has a heavy presence in Oklahoma’s STACK and SCOOP plays will only saddle it with …
The relocation of a 60-million cubic feet a day cryogenic gas processing plant from Tonkawa to Cashion has resulted in a contract to Tulsa’s Ross Group. The firm’s contract includes dismantling, relocation and re-erection of of the plant. Ross Group has offices in Oklahoma City and they will provide the management of the project. …
The state of Oklahoma has received an increase in the Fiscal Year 2018 energy revenue disbursement from the federal government. U.S. Secretary of the Interior Ryan Zinke announced that Interior’s Office of Natural Resources Revenue, disbursed $7.867 million in Fiscal Year 2018 energy revenues to Oklahoma. This represents an increase of $5.241 million from the previous year’s …
Tulsa’s Magellan Midstream Partners, L.P. reported third quarter net income of $594.5 million, a large increase from the $198.5 million reported in the third quarter of 2017. Some of the gain is credited to the company’s $353.8 million sale of its part ownership in the BridgeTex Pipeline Company, LLC. Distributable cash flow came to $281.8 …
Even as Oklahoma-based Gulfport Energy announced its third quarter net income of more than $95 million, chief executive Michael G. Moore stepped down after the company learned he had made personal charges to a company credit card. The company also found Moore, who was paid $4.7 million a year as of 2017, had used Gulfport’s …
The Oklahoma Environmental Quality Education Committee plans to hand out environmental grants to schools in early 2019 and the grants include amounts up to $1,000. The DEQ’s Education Committee is urging schools, students and teachers to apply for the grant “to promote enthusiasm in young people for learning about the environment and natural resources.” The …
Tulsa’s ONE Gas, Inc. announced this week an offering to sell $400 million of its 30-year senior notes at a coupon of 4.50 percent. The company anticipates net proceeds will total $392.1 million after deducting the underwriting discounts and commissions. Management indicated it will use the proceeds to repay amounts outstanding under its commercial paper …
Online registration is underway for the upcoming Governor’s annual Water Conference and Research Symposium to be held in Midwest City. The ‘early bird’ registration ended Oct. 31 which included a $200 registration rate. As of Nov. 1, the regular rate of $250 is being charged. The event is scheduled for Dec. 5 through the …
Continental Resources Inc.’ Project Springboard, a massive exploration effort of a 70-square mile area near Chickasha in the SCOOP play continues to pay off. The company filed a completion report this week showing one well with production of 1,210 Boed along with 1,290 Mcf of natural gas. The Triple H 4-30-31hs located at 30 7N …
