Tulsa-based Unit Corporation announced Monday that Chairman John Nikkel is retiring as chairman of the board effective December 31, 2016, according to a company press release. J. Michael Adcock, a current board member, has been elected to serve as the energy company’s new chairman. Adcock has served on Unit Corporation’s board of directors since 1997. …
Tim Wigley has been named executive vice president of the Oklahoma Independent Petroleum Association. In the position, Wigley will direct the association’s legislative outreach efforts at the state and federal level on behalf of Oklahoma’s independent oil and natural gas industry. Following the 2017 retirement of current OIPA President Mike Terry, Wigley will assume the …
BP’s U.S. Lower 48 onshore business announced Wednesday that it will move its Lower 48 headquarters staff from Houston to Denver due to the Rocky Mountain region’s importance as an energy hub, according to a company press release. BP America headquarters will remain in Houston and the Mid-Continent operations office in Oklahoma City will also …
Crude oil prices moved higher on Friday as traders remained positive about the overall outcome of OPEC’s production cuts, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, January West Texas Intermediate crude added $1, or 2%, to settle at $51.90 a barrel. For the week, prices rose nearly 0.8%. On the London ICE Futures …
While the oil and gas rig count slipped in Oklahoma in the past week, the count grew by 13 nationwide, according to Houston-based Baker Hughes Company. Oklahoma’s count fell to 78, compared to 86 a year ago. Nationwide, the count added 13 to reach 637 including a dozen more oil rigs and one more …
The Williams Companies, Inc. announced Tuesday that Charles “Casey” Cogut and Michael A. Creel have been appointed to the Board of Directors effective immediately, according to a company press release. The two new directors will stand for election at Williams’ 2017 Annual Meeting of Stockholders scheduled for May 18, 2017. Cogut and Creel were selected …
Crude oil prices reversed course and settled higher on Thursday, buoyed by renewed confidence surrounding the recent OPEC deal to cut production, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, January West Texas Intermediate crude rose 34 cents, or 0.7%, to settle at $51.38 a barrel. Thursday marks the expiration of January crude oil …
Tulsa based SemGroup Corporation announced the retirement of Chairman John F. Chlebowski from its Board of Directors effective December 31, 2016. He will be succeeded by Director Thomas R. McDaniel effective January 1, 2017. “For the past seven years, I’ve had the distinct pleasure of leading SemGroup’s Board of Directors as we’ve challenged each other …
There’s a new player in the Oklahoma SCOOP. Oklahoma City-based Gulfport Energy Corporation announced Wednesday that it will acquire nearly 46,400 net surface acres in the core of the Oklahoma SCOOP play from Quantum Energy Partners for a total purchase price of $1.85 billion. The agreement with Vitruvian II Woodford, LLC, a portfolio company of …
Pressured by reports confirming that OPEC’s production rose in November, crude oil futures slid on Wednesday as the U.S. Federal Reserve announced a slight interest increase prior to the close of markets, according to Bloomberg MarketWatch. January West Texas Intermediate crude fell $1.94 cents, or 3.7%, to settle at $51.04 a barrel on the New York …
