Tulsa’s Unit Corporation is extending the expiration date of its previously announced note exchange. “We are extending the Expiration Date of the Exchange Offer. The Expiration Date was previously 11:59 p.m., New York City time, on Friday, December 13, 2019 and will now be 11:59 p.m., New York City time, on Friday, January 10, 2020, …
A rare few oil wells in Oklahoma can singly produce more than 4,000 barrels a day. Sister wells yes, as OK Energy Today reported last week in the STACK. But the top-producing oil well in the Permian Basin in Texas has an estimated six-month average production of 4,135 barrels of oil a day. For six …
The slowdown in the oil and gas industry in Oklahoma caught the attention of the Federal Reserve Bank of Oklahoma which stated the downturn appears to be affecting economic growth in the state overall. In the Bank’s latest edition of “Oklahoma Economist“, the Bank indicated that of all Oklahoma’s industries, the “biggest drop in activity …
The Phillips 66 refinery located in Ponca City, Oklahoma will get an upgrade as part of the company’s new 2020 capital program announced over the weekend. Phillips 66 revealed at capital budget of $3.3 billion, net $0.5 billion expected cash capital contributions from joint venture partners. The adjusted capital budget includes $0.9 billion for Phillips …
** Rogers Oil Co. in Oklahoma City recently purchased a new office building, paying $1,043, 700 for the site at 9537 N. Kelley Avenue. The 5,894-square office building was sold by Boyington Eat LLC which had owned it since 2009. ** A new oil industry report says technology to capture carbon dioxide emissions needs more …
The actions of Oklahoman Ryan Jackson, a former aide to U.S. Sen. Jim Inhofe and now Chief of Staff at the EPA prompted the chairmen of two House committees to complain to EPA Administrator Andrew Wheeler. In a letter to Wheeler, Democrats Eddie Bernice Johnson who chairs the House Committee on Science, Space and Technology …
Another sign of struggles for Oklahoma City’s Chesapeake Energy Corporation—it’s been warned of being delisted from trading on the New York Stock Exchange. The company confirmed Friday it received written notice on Dec. 10 from the NYSE of its noncompliance with the standard set forth in a rule of the NYSE Listed Company …
The U.S. Securities Exchange Commission announced that Stillwater oilman John Special agreed to pay nearly $3 million to settle an insider trading civil complaint against him. His is the second case stemming from allegations of insider trading involving former Marathon Oil Corp. chairman Dennis Reilley of Oklahoma City. (see Dec. 4 OK Energy Today)The case …
Oklahoma City’s SandRidge Energy, Inc. apparently figured its 11-month leadership under Paul D. McKinney wasn’t working and replaced him on Friday with interim CEO John P. Suter. McKinney had been CEO only since January 2019 and his replacement came as SandRidge announced it had initiated a series of actions designed to “improve shareholder value.” …
Harold Hamm received quite a gift as he stepped down as Chief Executive Officer and moved up to Executive Chairman of Continental Resources Inc., the company he founded 52 years ago. The same week his firm made the announcement of a new CEO, the company filed completion reports on three STACK wells that had combined …
