A week after breaking off its merger agreement with Baker Hughes, Houston-based Halliburton Company announced it will also redeem the entire outstanding principal amount of $2.5 billion in its 2.700% Senior Notes due March 2020. The offer also includes its 3.375% Senior Notes due in March 2022. The redemption date for the Notes is May …
Oil futures gained on Friday as analysts turned their attention to the expanding Canadian wildfire and uncertainty in Saudi Arabia, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, June West Texas Intermediate crude rose 34 cents, or 0.8%, to settle at $44.66 a barrel on the New York Mercantile Exchange, finishing the …
A bill awaiting a vote in the Oklahoma House is being pushed by the Oklahoma Oil and Gas Association, a group that says would add more oil and gas revenue to the state treasury. “House Bill 2177 is the single biggest economic development legislation before lawmakers this session, and it doesn’t cost the state …
A 17-year low has been reached in Oklahoma’s gross production oil and gas taxes, according to State Treasurer Ken Miller who said the $20.8 million in April collections are the lowest since May 1999. He said gross production collections continue a 16-month trend of being less than the same month of the previous year. The April …
Crude prices ended on an upswing Thursday as tensions reached a peak in Libya and an “out of control” Canadian wildfire gained momentum, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, West Texas Intermediate crude added 54 cents, or 1.2%, to end at $44.32 a barrel. Earlier in the day, trading reached as …
Officials at Oklahoma City-based SandRidge Energy aren’t talking publicly about it but reports are growing that the firm might be on the verge of filing Chapter 11 bankruptcy. Reuters and the investor website known as Seeking Alpha indicate the company could file as soon as Friday but no later than June 1. SandRidge confirmed weeks …
Still struggling with its growing debt, Oklahoma City-based Chesapeake Energy announced Thursday it lost $964 million in the first quarter but a sale of assets apparently sparked interest among investors as shares rose during the day. The sale was of $470 million in STACK holdings in northwest Oklahoma to Newfield Exploration, a Houston, Texas based …
A Tulsa-based law firm recently expanded operations into Denver, Colorado and it means the fifth offices to be opened in the Midwest by Hall Estill, according to a report in the Denver Post. The firm says it will focus on energy and environmental law in Colorado. The growing law firm has offices in Tulsa, Oklahoma …
More than 95 percent of the gasoline used by cars and trucks in the U.S. is now blended with at least 10% ethanol, according to a new report from the Energy Information Administration. At the same time, the use of ethanol-free gasoline is declining.. The government indicates that since most U.S. gasoline is sold as …
Despite first-quarter losses of more than $198 million, Oklahoma City-based Continental Resources is moving ahead with plans to increase oil production in the remaining months of 2016. It already increased production in the first three months of the year and in its quarterly report issued this week, the company said it expects to exit …
