The Oklahoma Energy Resources Board has issued its December newsletter. It includes articles about new staff members, a community night in Newcastle, and the success of the recently-held 2019 Oklahoma Oil and Gas Expo. Click here to read the newsletter.
When Sen. Elizabeth Warren vowed she would ban fracking on the first day of her presidency—if she were elected, it set the U.S. Chamber of Commerce wondering about the impact of such a call. Warren wasn’t alone in the call made as she and other Democratic Presidential candidates hope to attract support to win their …
Oklahoma’s congressional delegation, Republicans and Democrats alike say nit’s time the U.S. Mexicoo-Canada Agreement known as USMCA was passed into law. All five house members and the state’s two U.S. Senators made the call this week in support of the trade agreement negotiated by President Trump, an agreement to replace the North America Free Trade …
Civeo Corporation, the Houston company that provides hospitality services or so-called “man camps” for oil and gas operators received a recent de-listing warning from the New York Stock Exchange. The company has operations based in El Reno, Oklahoma and was warned after its stock fell in trading below $1 over 30 consecutive trading days. One …
Tulsa-based SemGroup Corp.’s takeover by Energy Transfer LP this week means SemGroup has been removed from the Tortoise North American Pipeline Index. The announcement was made Thursday by the Index based in Leawood, Kansas. The Index is a float-adjusted, capitalization weighted index of pipeline companies organized with their principal places of business in the U.S. …
With a slight uptick in oil prices, energy companies aren’t backing off new drilling efforts in Oklahoma. Many are planning new projects. Wednesday’s release of permits to drill show Oklahoma City-based Continental Resources Inc. plans a three-well, single-pad effort at a site about 6 miles southwest of Blanchard in Grady County. The Z21 wells will …
Houston’s Newfield Exploration Mid-Con Inc. didn’t ease up its drilling efforts in Oklahoma in the past few months as witnessed by the company’s continued filing of new completion reports—including a three gas well effort in southeast Oklahoma. The company filed a report showing completion of the Hoile Fed 1611 3h-25x well at 36 16N 11W …
The financial moves by Chesapeake Energy, which included a $1.5 billion new bank loan resulted in a soaring volume of the company’s shares in Wednesday’s trading. Chesapeake stock finished up 17 percent at the end of the day’s trading, closing at nearly 74 cents a share which was an eleven cent increase for the day. …
Tulsa-based SemGroup Corporation announced Wednesday its shareholders voted to approve the previously announced merger agreement whereby SemGroup will be acquired by Energy Transfer LP in a unit and cash transaction. At completion of the merger, SemGroup shareholders will receive $6.80 per share in cash and 0.7275 of an ET common unit for each SemGroup share, or …
** Mooney Aircraft has closed its plant in Kerrville, Texas and laid off workers due to poor airplane sales. The company was founded in 1929 but delivered only 14 aircraft in 2018 and eight through the third quarter of this year. ** An investigation by California state government found a neglected PG and E transmission …
