Oklahoma City-based Gulfport Energy Corporation recently reported its second quarter 2021 financial and operating results. Noting the company emerged from restructuring on May 17, Gulfport reported that it reduced total debt by over $1.2 billion and reduced annual cash interest expense by more than $90 million. It reported $87.3 million of net cash provided by …
August 9, 2021 archive
NGL Energy Partners LP Reports $134 Million Loss for 1Q Fiscal 2022
NGL Energy Partners LP reported its first quarter Fiscal 2022 results on Monday. Highlights for the quarter include: Loss from continuing operations for the first quarter of Fiscal 2022 of $134.5 million, compared to a loss from continuing operations of $33.8 million for the first quarter of Fiscal 2021 Adjusted EBITDA1 from continuing operations for the …
ND Pipeline Company Agrees to Pay $35 Million for Massive Pipeline Rupture
The U.S. Department of Justice filed criminal charges last week under the Clean Water Act against Summit Midstream Partners LLC, a North Dakota pipeline company that discharged 29 million gallons of produced water from its pipeline near Williston, North Dakota, over the course of nearly five months in 2014-2015. The discharge of more than 700,000 …
Atoka Public Schools Receives $50K STEM Grant from the AEP Foundation
Atoka Public Schools is a recent benefactor of a $50,000 STEM grant. Tulsa-based Public Service Company of Oklahoma (PSO), a subsidiary of American Electric Power (AEP), announced the grant from the AEP Foundation to help expose students to emerging technologies through STEM education. The AEP Foundation is the charitable arm of AEP and is partially …
Belgacem Chariag Appointed as New H&P Board Member
Tulsa-based Helmerich & Payne, Inc. recently announced that Belgacem Chariag was appointed to its Board of Directors. Chariag is currently the Chairman, President and Chief Executive Officer of PQ Group Holdings, a leading integrated and innovative global provider of specialty catalysts, materials, chemicals and services. He served in multiple positions with Baker Hughes in his 9-year tenure where he rose …
Williams Strikes Gulf of Mexico Deepwater Whale Agreement with Shell and Chevron
Tulsa-based Williams reached an agreement with Shell Offshore Inc. and Chevron U.S.A. Inc. to provide offshore natural gas gathering and crude oil transportation services as well as onshore natural gas processing services for the Whale development located approximately 10 miles from the Shell-operated Perdido host facility, according to a company press release. Williams plans to …
Oklahoma Wind Farm to Power Alabama Life Insurance Company Headquarters
A wind farm in Grant County, Oklahoma is collaborating with Alabama Power to provide 100% renewable energy power for the Birmingham headquarters of Protective Life Corporation. According to a published report in The Journal Record, the Chisholm View Wind Farm in Hunter, Oklahoma has a long-term contract with Alabama Power as a renewable energy resource. …
