Colombian oil company Ecopetrol SA aims to drill a total 100 wells by end-2021 in the Permian Basin of West Texas as global oil prices recover, according to Chief Executive Felipe Bayon. The majority state-owned company, which entered a joint venture with Occidental Petroleum in November last year, said it plans to drill another …
Speculation about which oil and gas company will be next to file bankruptcy now includes Nabors Drilling, the Houston based company with major operations in Oklahoma. Stock advisor Motley Fool, in a report this week included Nabors among three possible majors to head to bankruptcy court. Here’s how Motley Fool reported its analysis of …
The Oklahoma House Transportation Committee heard from industry experts on the future of electric vehicles and how Oklahoma can capitalize on the growing industry during a recent interim study. Rep. Brian Hill, R-Mustang, requested IS20-033 after he attended multiple economic and legislative conferences where he repeatedly heard that up to 90% of transportation will be …
If BP Plc is correct in its prediction released this week, the future is here and the oil and gas industry will no longer see relentless growth of oil demand. The supermajor, in the report issued Monday indicated an end to the era many thought might last another 10 years or more reported Bloomberg. …
Kansas City-based Tallgrass Energy Partners, LPannounced that, subject to market conditions, it, along with Tallgrass Energy Finance Corp., a subsidiary of TEP, intend to offer $500 million aggregate principal amount of senior unsecured notes due 2025 in a private placement to eligible purchasers. TEP intends to use the net proceeds of the Notes Offering …
Natural gas producer Ascent Resources Utica Holdings, LLC announced an offering of senior notes due in the coming years. The Oklahoma City company made the offering of its 10% Senior Notes due 2022 and 9% Senior Notes due 2027 and stated that the maximum principal amount would be $538 million. Click here to view the …
Oklahoma energy related companies had another weak showing when trading of stocks ended on Friday. Alliance Resource Partners ended the day up 4 cents for a 1.30% gain to $3.12. Blueknight Energy Partners finished down 3 cents for a 2.11% decline to $1.39. Chesapeake Energy was unchanged at $5.30. Continental Resources …
Groundbreaking for $25 million in new buildings and renovation of others has been held by the Cherokee Nation in Tahlequah. Cherokee Nation leaders say their Respond, Recover and Rebuild projects include construction of eight new facilities and the remodeling of four others in response to COVID-19. The projects range from PPE manufacturing and space …
ConocoPhillips announced that its board of directors has elected Eric Mullins to serve as a board member. Mullins has spent his career in finance, most recently founding Lime Rock Resources in 2005, a private equity fund focused on acquiring and developing low-risk oil and gas properties, where he currently serves as co-chief executive officer. …
Oil futures suffered from a second consecutive weekly decline on Friday, pressured by worries over the outlook for demand and a climb in U.S. crude supplies. West Texas Intermediate crude for October delivery edged up by 3 cents, or 0.08%, to settle at $37.33 a barrel on the New York Mercantile Exchange, with prices logging …
