Tulsa’s NGL Energy Partners LP announced plans to raise more capital for its projects with the offering of more than 25 million shares in the company. In a filing with the Securities and Exchange Commission, the company offered the Class D Preferred units as well as 25,500,000 common units. The common units represent limited partner …
Oklahoma City’s Roan Resources has been busy in the state’s SCOOP, reporting completion of three Grady County mother-daughter wells with combined production of nearly 2,300 barrels of oil a day. Located at 15 9N 5W or about 2 miles north of Bridge Creek, the wells were drilled in the spring and summer of 2018 and …
Oklahoma City oilman John Kenneth Davidson has been hit with a $100,000 fine from a federal judge for lying to an FBI agent during an insider trading investigation. U.S. District Judge Stephen Friot fined the 68-year old Davidson this week and did not sentence him to prison over the 2018 incident. Davidson was also put …
A Securities and Exchange filing by Tulsa-based Alliance Resources Partners, LP, one of the largest coal-mining firms in the U.S. showed acquisition of company shares by an Alliance executive. Robert G. Sachse, Executive Vice President at Alliance acquired 42,601 shares in direct ownership and now owns a total of 185,710 shares in the company. He …
The rulemaking technical conferences for Chapters 5 and 10 that were previously scheduled for February 5th are rescheduled to Tuesday, February 18th, 2020 at 10:00 AM in Courtroom 301, Jim Thorpe Office Building, 2101 N. Lincoln Blvd., Oklahoma City, Oklahoma. The Chapter 5 rules (in Cause No. RM 202000003) will be discussed first, followed …
Gasoline prices keep sliding, not just in Oklahoma but across the nation where the average is now $2.43, a drop of 16 cents a gallon in the past year. Oklahoma’s average price is $2.13, down five cents in the past week and 15 cents lower than a month ago. A year ago, the state’s average …
Testifying recently before Congress, Ric Campo, Chairman of the Port Houston in Texas called for quick action to widen and deepen the Houston Ship Channel. He testified before the U.S. House Committee on Ways and Means and its subcommittee on Trade. Campo stressed the economic impact of the Houston Ship Channel, the busiest waterway in …
Enable Midstream Partners, LP announced that the board of directors of its general partner declared a quarterly cash distribution of $0.3305 per unit on all outstanding common units for the quarter ended Dec. 31, 2019. The distribution is unchanged from the previous quarter. The quarterly cash distribution of $0.3305 per unit on all outstanding …
** Indigenous advocates are set to continue opposing the Keystone XL pipeline, which could begin construction in Montana, South Dakota, and Nebraska this month. **The Justice Department ended an antitrust investigation into whether Ford, Volkswagen, Honda and BMW illegally coordinated last year when they agreed to follow California’s stringent vehicle fuel-economy targets. ** The Senate Energy and Natural …
The slowdown in the oil and gas industry is hitting Wyoming energy companies. Some have filed for bankruptcy and others are shutting down exploration in 2020. It’s also happening in an area where some Oklahoma energy companies have oil and gas exploration underway. Midstream companies based in Oklahoma City and Tulsa also carry oil out …
