Crude oil stocks around the U.S., including those at the Cushing Hub in Oklahoma, made gains over the past week. The latest report from the U.S.Energy Information Administration showed a gain of 900,000 barrels of crude oil held in storage at the Cushing Hub in northern Oklahoma. The gain went from 22.8 million barrels …
Oklahoma recorded a nearly 2% increase in its September gross production tax revenue from the state’s oil and gas operations. State Treasurer Todd Russ reported the gross production tax revenue was $85.4 million which was $1.5 million or 1.81% more than the revenue in August. Oklahoma’s total revenue for September, $1.49 billiion, increased over …
Jonathan Frates is no longer chairman of the board at SandRidge Energy. Instead, he’s assumed a new leadership position with the company. He notified the Board on Monday of his intention to resign as chairman effective Tuesday, Oct. 1. An announcement indicated Frates did not resign as a result of any disagreement with the …
Chesapeake Energy did more than change its name following this week’s official merger with Southwestern Energy of Houston. After being renamed “Expand Energy,” the still-Oklahoma City based company also announced some changes in its leadership. First of all, the company’s board of directors was increased to eleven directors consisting of the seven existing Board …
** Berkshire Hathaway will take full ownership of Berkshire Hathaway Energy, after Warren Buffett’s conglomerate agreed to acquire the 8% it did not already own from the family of late billionaire philanthropist Walter Scott. ** Three environmental groups sue Montana regulators for approving an expansion of the Bull Mountain Mine that they say threatens water supplies …
Ascent Resources Utica Holdings, LLC announced a nearly $600 million offering of senior notes. The Oklahoma City energy firm said the offering, together with its whollly-owned subsidiary, ARU Finance Corporation, is a cash tender offer of its outstanding 7% Senior Notes due 2026. The offering totaled $597 million in available notes. The Purchase Price …
Iranian missiles were fired Tuesday against Israel following Israel’s campaign against Tehran’s Hezbollah allies in Lebanon and the action sent crude oil prices upward. Prices gained nearly 3% as investors and traders worried that Israel might retaliate with an attack of its own missiles against Iran’s oil production and export facilities. One military expert said …
Oklahoma Corporation Commissioners will meet Wednesday for a regular meeting and consider whether to approve Public Service Company’s $730 million acquisition of Green Country Generating Facility. As outlined by company executives in their filing with the commission (PUD2024-000057), the purchase of the Jenks natural gas plant will mean higher rates for customers. In her …
More than 9 months after Chesapeake Energy announced a more than $7 billion merger with Houston-based Southwestern Energy company, the deal is complete. The merger means the name, Chesapeake Energy, will no longer exist but will remain in Oklahoma City. Trading on the NASDAQ under the new name, Expand Energy Corporation, will begin Wednesday, …
The flow of natural gas from the Matterhorn Express Pipeline into the Williams’ Transco pipeline was reported Tuesday. It was considered a major development for the transportation of gas out of the Permian Basin and equally a significant move for Williams, the Tulsa-based company. The Matterhorn stretches 580 miles, moving gas from the Waha hub …
