Details of Gulfport Energy’s hiring of John Reinhart as the Oklahoma City company’s new Chief Executive Officer were revealed this week in a filing with the Securities and Exchange Commission. As part of his agreement to become CEO effective Jan. 24 of this year, Reinhart will be paid an annual salary of $785,000 and …
January 25, 2023 archive
Headlines
** A New Mexico legislative panel advanced a bill Monday that would help local governments plan in advance for climate-related threats to public health such as wildfires, flooding, extreme heat and rapid erosion. The help would be in the form of grants up to $250,000. ** Florida Chief Financial Officer Jimmy Patronis blocked asset managers …
Permian Basin operator expands operations
Another major acquisition in the Permian Basin was revealed this week by Permian Resources Corporation, a firm that extended its operations from West Texas into the New Mexico side of the oil-rich region. The company announced it had purchased 4,000 leasehold acres and 3,300 royalty acres in Lea County in a $98 million deal …
Devon Energy’s latest producers in Oklahoma’s Blaine County
Devon Energy has found a highly producing area of oil in a Blaine County area, reporting three more significant wells in the region where it had previously finished other big producers. Three Devon Energy wells drilled on the same Blaine County pad produced 1,850 barrels of oil a day when they were completed in …
Blackrock’s investments in another Oklahoma energy company
A required filing with the Securities and Exchange Commission shows Blackrock Inc. is a major investor in a third Oklahoma energy company in addition to ONEOK and ONEGAS. A filing by Williams Cos. showed the New York-based company owns 9.9% of the company’s publicly traded shares. It totals 110,124,139 sole voting power shares out …
OGE alerts customers to higher monthly fuel costs
Even as one Oklahoma Corporation Commissioner is publicly challenging the fuel adjustment costs of the state’s major public utilities, Oklahoma Gas & Electric tells its customers their monthly fuel charges will increase this month. OG&E notified customers in their monthly bills that they can expect to see an increase of 4.8% to the fuel …
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