Tulsa-based Samson Resource won the approval of a federal bankruptcy judge this week in moving ahead with the sale of an estimated $660 million in assets. Samson owes $4 billion in debt and filed for Chapter 11 protection 13 months ago. This week, Judge Christopher Sontchi with the U.S. Bankruptcy Court for the District of …
Oilfield services provider Baker Hughes Incorporated announced Wednesday its Board of Directors declared a regular quarterly cash dividend of $0.17 per share of common stock payable on November 18, 2016 to shareholders of record on November 7, 2016 for the third quarter of 2016. “Looking ahead, in the fourth quarter of 2016, we expect activity …
Weary of increasing doubts that Iraq will agree to an OPEC production cut, crude oil prices settled at their lowest level in nearly three weeks on Wednesday, according to a report by Bloomberg MarketWatch. On the New York Mercantile Exchange, December West Texas Intermediate crude fell by 78 cents, or 1.6%, to settle at $49.18 a …
Pawnee, the city hit by an early September earthquake measuring 5.8 magnitude, the largest ever recorded in Oklahoma plans to host an earthquake forum on Saturday. The forum will also be hosed by the Pawnee Nation of Oklahoma t the Pawnee Nation Roam Chief Event Center, 810 Morris Road in Pawnee. it will be held …
Devon Energy Corporation’s co-founder and chairman emeritus, Larry Nichols, will be honored with the Eugene Kuntz Award at the University of Oklahoma College of Law’s annual conference on natural resources law and policy on November 4. The award recognizes Nichols’ many contributions to the energy industry, particularly oil and gas law. “We are thrilled to …
Hart Energy’s 4th annual DUG Midcontinent conference is underway in downtown Oklahoma City with keynote addresses to take place Thursday. The opening keynote will be Thursday morning at 8:35 featuring Wade Hutchings, Regional Vice President of Midcontinent Assets at Marathon Oil Corporation. A 9 a.m. economics panel will feature Ed Morse, Managing Director and Global …
The oil pipeline leak at Cushing over the weekend has given concern to environmentalists who believe it might be a sign of things to come because of Oklahoma’s increase in earthquakes. While a 3.1 magnitude earthquake rattled the Garfield County town of Covington early Wednesday morning, the cleanup remained underway at the Seaway Pipeline, …
Tulsa-based Williams Partners declared a regular quarterly cash distribution of $0.85 per unit for its common shareholders as announced by the company on Tuesday. The partnership’s board of directors approved the quarterly cash distribution, which is payable on November 11, 2016, to common shareholders of record at the close of business on November 4, 2016. …
West Texas Intermediate crude oil futures settled below $50 a barrel on Tuesday, as traders were pressured by Iraq’s aversion to OPEC’s proposed production plan and anxiously awaited the weekly status of U.S. oil inventories, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, December WTI crude slid 56 cents, or 1.1%, to settle at …
The Oklahoma Employment Security Commission’s recent report that the downturn in Oklahoma’s oil and gas industry might have hit bottom might be supported by Halliburton. The Houston, Texas based company opened a job fair this week in Yukon at the Yukon Event Center. Its sign advertising job openings for mechanical and electronic technicians. Inside, applicants …
