Oklahoma City-based Roan Resources, Inc. announced it is getting more borrowing ability from its revolving credit facility. The borrowing base for the independent drilling company was upsized by $75 million to $750 million. As of the end of the fourth quarter 2018, Roan had $6.9 million of cash on the balance sheet and …
Tulsa’s Midstates Petroleum Company has decided to continue its moratorium on new drilling through mid-2019, a move it initiated in the third quarter of 2018 because of low oil prices. The company explained in its fourth quarter and full-year 2018 financial report that “with the erosion of commodity prices in the fourth quarter of …
Oklahoma school students plan to take part in what is labeled a Nation Youth Climate Strike on Friday. They plan to take part in the event at the State Capitol to demand legislation to end climate change and push for the Green New Deal, the plan offered by Democrats in Washington. According to an announcement …
Oklahomans endured one of their windiest days in some time as winds on Wednesday reached 73 miles an hour in Gage. Power outages were reported and as of Thursday morning, 1,000 customers of OGE were still without power. Wind gusts of 60 were common throughout the state. But they were nothing compared to the 101 …
The head of the Oklahoma Department of Transportation is now one of those agency heads who could be removed from office by Gov. Kevin Stitt. On Wednesday, the governor signed five agency accountability bills giving him the authority to hire and fire the leaders of the DOT, the Department of Corrections, the Oklahoma Office of …
Todd Hiett has been picked to be the new chairman of the Oklahoma Corporation Commission. He was chosen in a unanimous vote on Wednesday to succeed Dana Murphy. Hiett, a former Speaker of the House has been on the commission since 2015. Commissioners also chose Bob Anthony to serve as vice chairman.
Corn farmers in Iowa and other states have to be smiling after President Trump pushed a plan this week to expand the use of ethanol in gasoline. The President’s plan pushes a proposal to allow year-round sales of gasoline blended with up to 15 percent ethanol, known as E15. E15 had previously been restricted under …
When you enter the Permian Basin of southeastern New Mexico, you see mile after mile of pump jacks pulling oil out of the ground. Hundreds of them. There are so many that they have resulted in record oil production for the state of New Mexico in 2018. Southeastern New Mexico is riding a monster …
Once again, gross production taxes on oil and gas production in Oklahoma helped create a major increase in Oklahoma’s General Revenue Fund collections for the month of February. The Office of Management and Enterprise Services reported the total general revenue fund collections topped $385 million, coming in at $64 million or nearly 20 percent over …
The state of Missouri has joined with business leaders in launching a study of creating an ultra-high-speed Hyperloop system connecting Kansas City and St. Louis. Costly? You bet. Perhaps up to $27 million a mile to build a tubular track in which passengers would ride in a train-like pod at speeds up to 640 mph. …
