Oklahoma City’s Chesapeake Energy Corp. is taking advantage of its $4 billion merger with WildHorse Resources Development Corp. by already seeking permits to drill in the Eagle Ford Shale of South Texas. Chesapeake is already considered one of the top drillers in the shale play and earlier this month filed 18 applications with the Railroad …
Denver’s TransMontaigne Partners L.P., a firm with major operations in Cushing and Oklahoma City, Oklahoma plans a special shareholders meeting next week to vote on a proposed merger worth $536 million. The January 28 meeting will be held in Denver at 1670 Broadway where the subject of the merger with an indirect subsidiary of ArcLight …
At least four earthquakes were reported in Oklahoma, Kansas and Texas over the weekend. All four were in active oil and gas drilling plays. The most recent was a 3.6 magnitude quake registered around 11:30 Sunday night with an epicenter about 14 miles west of Enid, Oklahoma. The US Geological Survey indicated the depth was …
Oklahoma was one of 40 states in the U.S. last week where the unemployment rate was below 4 percent. Oklahoma’s unemployment rate actually improved to 3.2 percent for December 2018 for the 8th consecutive month, according to the Oklahoma Employment Security Commission. The December rate improved 0.1 percentage point and was down nearly a full …
The number of active oil and gas rigs in the U.S. and in Oklahoma plunged in the past week as more were put into storage while oil prices remained in the low $50 a barrel range.The national count fell by 25 to reach 1,050 rigs while the count in Oklahoma dropped by 10 to hit …
As oil prices closed Friday in an upward trend, so did some of the stocks in major oil and gas companies. West Texas Intermediate crude, set at the Cushing hub closed up $1.69 to settle at $53.76 per barrel or 3.25% higher. Brent crude was up $1.38 and closed at $62.56 or 2.26% higher. Natural …
Since Monday, January 21 is a federal holiday, the Oklahoma Corporation Commission will not meet until Tuesday, January 22. The attached is the signing agenda for the day. Signing Agenda 01-22-19
A new analysis shows New Mexico is capturing a greater share in oil and gas revenue than Oklahoma, Texas and six other states. The report was prepared by the New Mexico Tax Institute and Moss Adams. “New Mexico obtains the greatest percentage of total oil and gas production value directly contributing to government revenue when …
The partnership of 17 energy companies, including Oklahoma City’s Devon Energy that pledged $100 million to help towns and residents in the Permian Basin of West Texas and New Mexico will be held by former U.S. Commerce Secretary Don Evans. The Permian Strategic Partnership was formed late last year to help the towns in the …
Tulsa-based Williams will unveil its fourth-quarter and full-year 2018 financial results in a few weeks. The company plans to release the results after the close of markets on Wednesday, Feb. 13, 2019. Company management will also hold a conference call and webcast with analysts and investors the next morning at 8:30 a.m. Central Time, Feb. …
