November 23, 2019 archive

Investment firm acquires more shares in OKC’s Mammoth Energy

A Florida investment firm reports recently acquiring more than another 16,000 shares in Oklahoma City’s Mammoth Energy. Wexford Capital, an SEC-registered value-oriented multi-strategy investment firm created in 1994 reported a filing with the Securities and Exchange Commission. It reflected the acquisition of 16,692 Mammoth shares valued at $1.3281 for each share. The acquisition leaves Wexford …

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Details of Chaparral’s sale of headquarters

Months after OK Energy Today reported the sale of Chaparral Energy’s Oklahoma City headquarters to a real estate firm, some of the details are finally being made known. Richard Mize, Real Estate Editor at the Oklahoman reported over the weekend that details emerged in the NAI Sullivan Group’s third-quarter office market report. It showed Chaparral …

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Energy news in brief

** Cheniere Energy, Inc. in Houston announced has received approval from the U.S. Federal Energy Regulatory Commission to site, construct, and operate the Corpus Christi Stage 3 expansion project. Corpus Christi Stage 3 is being developed for up to seven midscale liquefaction trains  with total aggregate expected nominal production capacity of approximately 10 million tonnes per …

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Oklahoma remains steady but nation’s oil and gas rig counts slide downward

Oklahoma managed to maintain its oil and gas rig count in the past week while the nation’s count dropped again. But more and more rigs are being put into storage as the nation’s oil and gas slowdown continues. The number of rigs in Oklahoma was 52 according to figures released by Baker Hughes Co. A …

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Repairs to begin to Devon Tower windows smashed in May incident

Six months after two window washers had to be rescued from near the top of the 50-story Devon Tower in downtown Oklahoma City, repairs to the smashed windows are about to get underway. “We’ve acquired the custom-fitted materials needed to begin the restoration process and crews have been preparing for the word ahead,” Devon Energy …

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Investment fund demands seat on Gulfport Energy’s board

For the second time in a year, investment fund Firefly Value Partners has gone public with its criticism of Oklahoma City’s Gulfport Energy and asked for a seat on its board of directors. In a public letter, Firefly was critical of Gulfport’s “half-measures” to improve financial performance. The public letter came only a few days …

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