In a nearly $1.3 billion deal, Tallgrass Energy LP of Kansas City has acquired final ownership of the Phillips 66 Rockies Express Pipeline. The sale involved the 25% interest still owned by Phillips 66. Tallgrass had been the majority owner of one of the line, considered one of the largest US natural pipelines. The closing …
Following a developing decline of oil and gas rig activity across the U.S., the number of active rigs in Oklahoma fell again in the past week. Oklahoma’s count of 37 was down one from the previous week and compared to 42 oil and gas rigs reported one year ago, based on the rig report …
The U.S. Senate’s confirmation of three new members to the 5-member Federal Energy Regulatory Commission saw split votes by Sens. James Lankford and Markwayne Mullin. The lone Republican, Lindsay See, the Solicitor General of West Virginia, was confirmed on a vote of 83-12 and Sens. Lankford and Mullin supported her. As Solicitor, she managed …
Oklahoma U.S. Sens. James Lankford and Markwayne Mullin were among those who stepped up to the plate in fighting the Biden administration’s new EPA regulations intended to shut down American power plants. They filed a Congressional Review Act joint resolution of disapproval. The resolution comes after the Environmental Protection Agency (EPA) issued its …
Results of Mammoth Energy Services, Inc.’s recent annual meeting of stockholders were revealed Friday in a filing with the SEC. The meeting was held two days earlier in Oklahoma City and four proposals were decided. Arthur Amron, Corey Booker, Paul Jacobi, James Palm, Arthur Smith and Arty Straehla were elected to continue to serve as …
Friday saw crude oil prices settle lower but still recording a gain for the week. What prompted the drop? Observers suggested it was in reaction to a survey showing deteriorating U.S. consumer sentiment. Still, for the week, crude oil prices finished 4% higher. It was their highest weekly gain since April. West Texas Intermediate crude …
