NGL Energy Partners LP based in Tulsa has made a nearly $239 million sale of some of its saltwater disposal operations in West Texas. The company said the South Pecos Water Disposal Assets are being sold to a subsidiary of WaterBridge Resources LLC for $238.8 million in cash. The sale includes nine saltwater disposal facilities …
Wichita, Kansas-based Spirit AeroSystems is expanding its Tulsa operations to the tune of $80 million and 250 new jobs. The company announced Wednesday it intends to expand next year in order to increase production of fuselages for the Boeing 737 aircraft. The multi-year expansion project, which begins in 2019, was achieved in partnership with the …
It’s not the final figure for the Oklahoma legislature, but the State Board of Equalization certified an extra $612 million to spend in the 2020 fiscal year. And it’s a move that will no doubt impact how the state deals with energy issues including the gross production tax on oil and gas and taxes on …
Texas Congressman Beto O’Rourke, the man who has become the darling of Democrats nationally and is even on some presidential possibilities list has been removed from a list of politicians who pledged not to take oil and gas money. It’s because he really did take campaign cash from oil and gas executives. In his campaigning …
While the use of coal to supply electrical power in the U.S. is controversial, the world’s biggest coal project is developing in Australia. The Carmichael is considered the most contentious coal project and is supported by Indian billionaire Gautam Adani. It will cover nearly 250,000 square kilometers which is an area the size of the …
Cheniere Energy Partners, L.P. the company building a $1 billion natural gas line out of Oklahoma’s STACK and SCOOP plays announced this week it’s reached a 20-year liquefied natural gas contract with a subsidiary of a Malaysian state-owned oil and gas company. Cheniere’s subsidiary Sabine Pass Liquefaction, LLC made the deal with PETRONAS LNG Ltd. …
Another oil pipeline is in service to transport oil out of the Permian Basin in southeast New Mexico. San Mateo Midstream, LLC of Dallas announced its San Mateo Black River Oil Pipeline in Eddy County, New Mexico is now operational. The line went into operation after San Mateo carried out a successful open season earlier …
The Oklahoma Supreme Court has more narrowly defined its ruling against Kingfisher County Commissioners in a fight over temporary water lines used for oil and gas drilling in the county. And the effect is the same—a ruling against the county commission. In a second ruling this week, the justices voided the county commission’s resolution issued …
Oklahoma City’s Gulport Energy Corporation has named a 40-year oil and gas industry veteran, David M. Wood to be its new President and Chief Executive Officer. He takes over immediately to replace Michael G. Moore who resigned last month after the company learned of his alleged misuse of the corporate aircraft. Wood will also joined …
Oklahoma City’s Chesapeake Energy is preparing to finalize its $4 billion merger with Houston-based WildHorse Resource Development Corp., a merger announced in late October. In a filing Wednesday with the Securities and Exchange Commission, Chesapeake indicated its shareholders will hold a special meeting Jan. 31, 2019 to consider and vote on the issuance of Chesapeake …
