Oklahoma Governor-elect Kevin Stitt has named Regent Bank chairman and CEO Sean Kouplen to be the Commerce Secretary in his new incoming administration. He also picked Enid Regional Development Alliance executive director Brent Kisling to be the executive director of the Commerce Department. Kouplen will need confirmation from the Oklahoma Senate. “Sean Kouplen is a …
Phillips 66 plans to release its fourth-quarter 2018 earnings report next month. The Houston company said it will hold a conference call webcast at 11 a.m. Oklahoma time on Friday, Feb. 8 to discuss the results released earlier in the day.
Alliance Resource Partners, L.P., the big coal company based in Tulsa, Oklahoma announced it’s finalized its $176 million acquisition of partnership interests in AllDale Minerals LP and AllDale Minerals II LP. It’s part of Alliance’s move into the oil and gas industry and one that gives the company control of nearly 42,000 net royalty acres …
Chesapeake Energy executives are gobbling up more of their company’s low-priced shares. Form 4 filings made this week with the Securities and Exchange Commission showed four officers purchased nearly $1.3 million in shares. The purchases followed earlier acquisitions totaling millions of dollars in shares by company executives. In the latest round of buyups, Chief Executive …
From the Tulsa World: A judge on Thursday ordered a legal U.S. resident and Chinese national accused of stealing trade secrets from Phillips 66 to continue to be held without bail pending the filing of formal charges. U.S. Magistrate Jodi Jayne found following a preliminary hearing held in Tulsa federal court that there was probable …
The storm that brought ice and snow to Oklahoma on Thursday resulted in a complete shutdown of the Oklahoma Corporation Commission. It initially announced business wouldn’t occur until 10 a.m. then the OCC announced through its website that the Jim Thorpe building would be closed for the entire day. With the storm expected to be …
While Oklahoma City-based Chesapeake Energy awaits a shareholder vote on a proposed $4 billion takeover of WildHorse Resources, its recent commitment to oil rather than natural gas is raising some concerns. After all, oil prices have fallen despite Chesapeake’s intention to expand oil-drilling in the Powder River Basin of eastern Wyoming. Those concerns even prompted …
A review of production of shale wells in the U.S. shows many of the wells are not doing as well as drillers and owners had hoped. It even raises the question of the profitability of the fracking boom according to one published report. The Wall Street Journal compared the well-productivity estimates that top shale-oil companies …
Two relatively weak earthquakes were recorded this week including one close to Hennessey in the northwestern part of Oklahoma. The 2.6 magnitude quake recorded Wednesday morning had an epicenter only about one mile southeast of Hennessey and at a depth of about 3 miles. It shook the area around 12:40 in the morning. The first …
Thursday’s winter storm produced power outages for rural electric cooperatives in the central part of Oklahoma. By 8 a-m, the number totaled more than 2,900 customers. The largest outage was reported by the Canadian Valley Electric Cooperative with 2,914 customers without power including more than 1,600 in Lincoln County. The Cooperative serves Lincoln, Oklahoma and …
