Activist investor Carl Icahn has picked one of the directors of some of his other companies to be nominated to serve on the board at Oklahoma City-based SandRidge Energy, the company he managed to take control of two years ago. Oklahoma City’s SandRidge Energy has filed an amended proxy statement with the Securities and …
Williams in Tulsa announced that it has placed in service Phase II of the Hillabee expansion project, an important Transco expansion that provides clean-burning natural gas to meet the needs of Florida’s rapidly growing power generation market. The incremental expansion of the company’s existing Transco pipeline provides capacity to Sabal Trail Transmission via a capacity …
Phillips 66 is urging shareholders to vote against an unsolicited “mini-tender” offer made by TRC Capital Investment Corporation, a private Canadian-based investment company. TRC is attempting to purchase up to 2 million shares of Phillips 66 common stock at an offer of $57.50 a share, which according to PHillips 66 is nearly 5% below the …
The end of April marked the end of an era for the Oklahoma Department of Commerce – the Charles Kimbrough era. On April 30, after more than 20 years of service, Kimbrough, Director of Business Development, officially retired. Kimbrough joined Commerce in 1997 as a business recruiter and remained in that role for 11 …
As Oklahoma’s second-largest industry continues to grow, the University of Oklahoma is launching new graduate programs in aerospace and defense through the Michael F. Price College of Business to meet a nationwide workforce shortage head-on. The college will offer two graduate-level programs through its Gene Rainbolt Graduate School of Business, located in Oklahoma City, …
The Oklahoma Water Resources Board and the State Department of Environmental Quality will hold a joint meeting in June to hear input on the 2021 Clean Water State Resolving Fund and the Drinking Water State Revolving Fund. A draft of the plan is available prior to the June 2 meeting where the two boards …
The numbers are startling and reflect what’s happened to the oil and gas industry in Oklahoma and the rest of the U.S. as oil and gas are stockpiled in storage with drillers hoping for a dramatic change in the crisis. Oklahoma has only 15 working rigs as of this week after the count fell by …
After seeing jumps of more than 20 percent in successive days this week, U.S. oil prices settled up 5 percent on Friday. West Texas Intermediate ended the day at $19.78 a barrel, an increase of 94 cents since Thursday’s close on the New York Mercantile Exchange. International benchmark Brent crude rose only 12 cents and …
The Federal Reserve announced an expansion of the size and scope of businesses that will be eligible for its “Main Street” emergency lending program. Though broad and not specifically intended for the oil and gas industry, the changes could benefit several of the industry’s heavily indebted small- to medium-size companies including some in Oklahoma …
** ConocoPhillips Alaska announces plans to cut North Slope production by about 100,000 barrels per day in June. ** ExxonMobil Corp posted a surprise first quarter loss Friday amid an historic decline in global crude prices and said it would slash spending by $10 billion in order to protect its dividend and balance sheet. ** An Iowa congresswoman co-sponsors a …