Author's posts
Mea Culpas from Duke University to Aubrey McClendon Family
From Duke University’s student newspaper, The Chronicle, comes word that the school has changed its mind about a $10 million claim against the estate of the late Aubrey McClendon of Oklahoma City. Here is how The Chronicle reported the story: The University has withdrawn its claim of $10 million against the estate of deceased donor …
Gasoline Prices Hit $2.11 a Gallon in Oklahoma
Gasoline prices have risen in the past week in Oklahoma, reaching a new average of $2.11 a gallon, an increase of 5 cents, according to AAA Oklahoma. It appears the new average will close August nearly 20 cents more than the start of the month. “A number of factors have been driving prices higher for …
More Legal Challenges for Energy Transfer Partners
Dallas-based Energy Transfer Partners, the company that bit off more than it could chew in attempting a failed merger with Tulsa-based Williams Companies finds itself the target of a growing Native American protest of a pipeline project in North Dakota. A protest camp is growing in Cannon Ball, North Dakota where protesters, mostly made up …
Promotions Announced at Plains All American
Promotions of several officers have been announced by Houston-based Plains All American Pipeline, L.P. Mark Gorman, Dan Nerbonne, Phil Smith and Dwayne Koehn have been promoted or have assumed more responsibilities. Gorman’s currently Executive Vice President Operations and Engineering and is moving to a new role of Executive Vice President. He’ll be a special advisor …
Chesapeake Increases Offers for Outstanding Notes
Oklahoma City-based Chesapeake Energy reports the results to date of its pending cash tender offers for its outstanding notes. As a result, it has increased the tender cap for Notes maturing during and after 2019 from $250,000,000 aggregate purchase price to $325,000,000 and together w3ith the $400,000,000 tender cap for Notes maturing prior to …
OKC’s Enable Midstream Names New Vice President
Oklahoma City-based Enable Midstream Partners has named Craig Harris to be executive vice president and chief commercial officer effective Sept. 6, according to an announcement by Enable’s president and CEO, Rod Sailor. “He brings an impressive track record of success in a variety of roles at energy-related organizations and solid experience in leading the development …
Williams Companies Name 3 New Independent Directors
TULSA, Okla.–(BUSINESS WIRE)–The Williams Companies, Inc. (NYSE: WMB) (“Williams” or the “Company”) today announced that its Board of Directors has appointed three new independent directors to the Board, effectively immediately: Stephen W. Bergstrom, Scott D. Sheffield and William H. Spence. The three new directors will stand for election at the Company’s 2016 Annual Meeting of …
Warren Buffett Increases Ownership of Phillips 66
More than 15 percent of the stock of Phillips 66 is now owned by Warren Buffett’s company after it purchased another 414,065 shares in recent days. Berkshire Hathaway, based in Omaha, Nebraska now owns about 79.5 million shares of the company that was founded in Bartlesville. The 79.5 million is 15.2 percent of the Houston-based …
AG’s Lawsuit Against FCC Results in Millions in Savings for State
From Attorney General’s office: OKLAHOMA CITY – After a lawsuit brought by Oklahoma Attorney General Scott Pruitt, the Federal Communications Commission (FCC) issued an order this week that will save the state millions of dollars by partially relieving state and local agencies from the burden of unlawful federal regulations. The suit involves the FCC’s attempt …
Summit Utilities Co.Takes Over Oklahoma Gas Operations and Hit With Fines in Maine
The same week that Summit Utilities took over operations of the Arkansas Oklahoma Gas Corporation, the firm agreed to pay $307,000 in fines in Maine over safety violations. One of the violations, according to the Associated Press was a potentially “catastrophic” gas leak in Augusta, Maine. Known as Summit Natural Gas of Maine, the company …