July 2019 archive

Open season announced to ship more oil to Cushing hub

Two companies, one in Kansas City and the other in Houston have announced the start of a binding joint tariff open season to solicit commitments for crude oil transportation. Tallgrass Energy, LP and Kinder Morgan,Inc. through its subsidiary Hiland Crude, LLC made the announcement to carry oil from Bakken origin points on the Hiland Crude …

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Gasoline prices rebound across Oklahoma

Gasoline prices jumped 8 cents in the past week in Oklahoma reaching a new statewide average of $2.43 per gallon. The higher average is still below the national average of $2.72 which is six cents higher than last week at this time. AAA Oklahoma reports the average one week ago was $2.35 a gallon. Across …

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Key Energy is warned by New York Stock Exchange

Houston’s Key Energy Services, Inc. has been warned by the New York Stock Exchange it is not in compliance with the Exchange’s continued listing standards. The company revealed the notification came because over a period of 30 consecutive trading days, the average market capitalization of Key’s common shares was below $50 million. Key’s stockholders’ equity …

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WPX Energy to build $100 million headquarters in downtown Tulsa

WPX Energy announced it is building a new $100 million, 11-story headquarters in Tulsa’s downtown historic Greenwood addition. Demolition of an existing old Spaghetti Warehouse started early Monday morning to make way for the 260,000-square-foot tower. “At the end of the day we decided the best action is to stay in Tulsa. We have a …

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