The $3.6 billion sale of Permian Basin pipeline operator Oryx means $350 million in net proceeds for Tulsa-based WPX Energy. One of WPX’s subsidiaries was a joint venture partner in the Oryx II pipeline and signed agreements to sell the project in the acquisition by New York private equity firm Stonepeak Infrastructure Partners. The WPX …
A $3.6 billion sale of an oil gathering and transportation system in the Permian Basin has been announced. Oryx Southern Delaware Holdings, LLC entered into an agreement to sell 100 percent of the equity interests in its subsidiaries to New York private equity firm Stonepeak Infrastructure Partners. The sale was announced Tuesday with Stonepeak buying …
As it seeks new investors, Tulsa’s Unit Corporation management will take part in the upcoming Independent Petroleum Association of America’s 2019 Oil and Gas Investment Symposium. It will be held April 8 and 9 in New York City. Unit’s presentation will be broadcast live over the Internet on Tuesday April 9 at 10:35 a.m. …
A federal judge in Texas stepped in this week and stopped the plea deal that U.S. prosecutors made with the man known as the “Frack Master.” Reports indicate it took only a few minutes for the judge to reject the plea agreement with Christoper A. Faulkner who was accused of taking more than $71 million …
After seven of the new KC-46 Pegasus tankers were delivered last month to Altus Air Force base in Oklahoma and McConnell Air Force base in Kansas, the Air Force has again stopped deliveries of thew air refueling tanker. The reason? Same as before—foreign object debris was found in some closed compartments of the …
While environmentalists are in federal court fighting the EPA’s move to let Oklahoma regulate its coal ash, the state of North Carolina has ordered Duke Energy Corp. to clean up all of its coal ash sites in the state. The Associated Press reports the country’s largest electric company got the news this week, a move …
Permits to drill filed for April 2, 2019. permits: none were processed today
Completion reports filed on April 2, 2019. completions: none were processed today
(Commission Chairman David Burrage, Secretary of Transportation and ODOT Executive Director Tim Gatz, Remington Stitt, who was shadowing his father for a class project as governor for the day, and Gov. Stitt.) Highlights of the Oklahoma Transportation Commission’s Monday, April 1 meeting include an announcement by Gov. Kevin Stitt about Oklahoma’s improved bridge conditions, kickoff …
From the Associated Press: An oil and gas lease sale that drew criticism from tribal leaders and environmentalists has netted more than $15 million in revenue. The Bureau of Land Management says nearly half of the money from Thursday’s sale of parcels in New Mexico and Oklahoma will go to the two states and the …
