Tulsa’s WPX Energy will release its fourth-quarter and full-year 2018 financial and operations next month. The results will be discussed by WPX executives during a webcast on Thursday, Feb. 21, 2019 beginning at 9 a.m. Central Time. Chief Executive Officer Rick Muncrief, Chief Operating Officer Clay Gaspar and Chief Financial Officer Kevin Vann will …
Durant has been chosen to be the national headquarters for a firm that manufactures high precision stainless steel tubing and nickel alloy tubes. Salem Tube, a subsidiary of the HWH Group is locating its North American headquarters and advanced manufacturing plant in southern Oklahoma. The $40 million investment includes a 150,000 square foot plant with …
In a new filing with the Securities and Exchange Commission, Tulsa-based ONEOK Inc. made notice that the company’s profit sharing plan is no longer in effect as a result of its merger with the company’s 401(k) plan. It was a routine filing which was a deregistration of securities EXPLANATORY NOTE: DEREGISTRATION OF SECURITIES …
Oklahoma Treasurer Randy McDaniel revealed Wednesday that gross receipts to the Treasury grew at a double-digit pace for 2018 and increased by more than $1.5 billion compared to the previous year. At the same time, oil and gas gross production revenue for the year totaled $988.4 million, an increase of $451.2 or 84% compared to …
POLITICO, the D-C based political news website reports that the dark-money group supporting the confirmation of former EPA administrator Scott Pruitt was able to raise nearly a half-million dollars from one oil company and other donors who did not have to identify themselves. POLITICO reported it as the “scandal-plagued former EPA administrator” and …
They have no chance of passing in the U.S. Senate, but seven separate bills aimed at blocking oil and natural gas drilling in nearly all federal waters were introduced this week by Democrats who now control the House of Representatives. Republicans control the Senate so their chances of getting approval are likely to be nil …
New Mexico’s new Democratic Gov. Michelle Lujan Grisham has shaken up the state’s oil and gas industry, not only with new appointees but challenged a move by the previous administration to relax oil and gas drilling restrictions in the San Juan Basin. Her new regulators moved this week to suspend a previous order that allowed …
El Paso oilman Paul Foster has offered more than $32 million for one of the largest ranches for sale in West Texas. He’s trying to become the new owner of the 37,000-acre KC7 Ranch located inn the foothills of the Davis Mountains near Interstate 10 in Reeves and Jeff Davis counties. Foster is CEO …
Leaders of Oklahoma City’s Chesapeake Energy,in a 2018 fourth quarter report indicated their company debt has been reduced from a year earlier and the oil volumes they divested in the Utica have been completely replaced by oil growth in the Powder River Basin and Eagle Ford Shale. They also intend to reduce capital expenditures and …
The owner and operator of a frack sand plant at Oakwood, Oklahoma has announced the start of commercial operations of a resin coating facility in Monahans, Texas. Preferred Proppants, LLC, the Pennsylvania-based firm with frack-sand mining operations in Oklahoma, Texas and other states is the first company to open an in-basin resin coating facility serving …
