The borrowing ability of Fort Worth-based PHX Minerals Inc. is unchanged following a regularly scheduled semi-annual redetermination of the firm’s senior secured credit facility. Following the review, the facility reaffirmed PHX’s existing $50 million borrowing base with no changes to pricing, covenants or other material terms, according to a company announcement. Further, the Maturity …
The U.S. Commerce Department’s Office of Inspector General says allegations of whistleblower retaliation made by Oklahoma Congressman Frank Lucas and other members of a House committee against the Acting IG Roderick Anderson were investigated and found to have no basis. The book was closed on the claims. In a response to OK Energy …
Motorists can now legally drive 80 mph on part of the I-44/H.E. Bailey Turnpike in Oklahoma rather than hedging the 75 mph speed limit. The limit was increased to 80 on Thursday on a 59-year mile portion of the turnpike between Chickasha and Lawton in Comanche, Caddo and Grady counties. Signs were installed with …
Crude oil prices finished up on Friday but down for the week. The gain in prices on Friday came after Iran downplayed Israel’s missile attack which came days after Iran sent hundreds of missiles and drones over Israel. West Texas Intermediate crude gained 41 cents or 0.5% to reach $83.14 a barrel on the New …
