Credit hedge fund Silver Point Capital now owns more than 19% of the shares in Oklahoma City-based Gufport Energy Corp., a company with a strong focus on natural gas exploration in Ohio. A filing with the Securities and Exchange Commission revealed Silver Point now owns 19.4% of the shares in Gulfport, 3,739,920.00 shares. Details …
Readers might think we’re swerving away from energy news when we begin a discussion of winter Canola, the farm crop. But we aren’t. There is a reported renewed interest in the crop because of the growing demand for renewable fuels. It was a major topic of discussion at a recent Southern Plains regional …
** Cenovus Energy has reached an agreement to sell its 50% stake in a joint venture with Phillips 66 for $1.4 billion cash, the companies said Sept. 9. The divestiture comes after Cenovus said last month it would purchase fellow Canadian oil sands producer MEG Energy Corp. in a cash-and-stock deal valued at $5.7 billion. …
A major move to create Oklahoma’s first lithium processing facility for the eventual manufacturing of EV batteries was announced by developer Stardust Power Inc. It puts Stardust closer to eventual refining of lithium in the state. The Connecticut based company, which launched operations in December of 2024 in Muskogee said it had …
No word whether it has affected Halliburton’s operations in Duncan, Oklahoma, but Reuters reports the company has been cutting staff in recent weeks. The service cited two sources familiar with the matter, indicating Halliburton has joined other companies in making employment cuts in light of increasing costs and lower crude oil prices. Halliburton, …
ConocoPhillips announced it has signed a long-term sales and purchase agreement to lift 1 million tonnes per annum of liquefied natural gas from the Rio Grande LNG project under development by NextDecade Corporation, near Brownsville, Texas. Under the agreement, ConocoPhillips will offtake LNG over a 20-year term on a free-on-board basis, subject to …
SandRidge Energy, Inc. announced that enrollment has opened for stockholders interested in participating in the Company’s previously announced Dividend Reinvestment Plan, which provides stockholders with a convenient and cost-effective way to reinvest cash dividends into additional shares of common stock. The DRIP, administered by Equiniti Trust Company, LLC, allows eligible stockholders to automatically …
(REUTERS/Dado Ruvic/File Photo) Crude oil prices responded with a less than 1% gain after the decision by OPEC+ wasn’t as large of an increase in production as some feared. It was considered a modest hike but at the same time, President Trump gave serious consideration to more sanctions against Russia after Putin’s forces launched …
An Arkansas oil and gas company, White River Energy Corp., headquartered in Fayetteville, faces a civil lawsuit as well as a federal regulatory investigation over tribal tax credits. The lawsuit accused the firm of issuing alleged fake tribal tax credits. But the issue has also drawn the interest of the U.S. Senate Finance Committee …
Gulfport Energy Corporation in Oklahoma City announced that it has completed the redemption of its Series A Convertible Preferred Stock. On September 5, 2025, the Company redeemed a total of 2,449 shares of Preferred Stock at an aggregate redemption value of approximately $31.3 million, including accrued and unpaid dividends through the Redemption Date. …
