Dallas Cowboys owner Jerry Jones is about to become a controlling owner of Comstock Resources Inc., an energy firm based in Frisco, Texas. The company has announced it is buying Jones’ Bakken Shale interests in exchange for $620 million in company stock. Jones, whose Arkoma Drilling LP and Williston Drilling LP own the North Dakota …
Siemens Corporation, the big manufacturer for wind farms across Oklahoma and the U.S. and engineering technology is under new leadership in the U.S. Barbara Humpton was promoted from CEO of Siemens Government Technologies, Inc. to be CEO for the United States operations of the company. Siemens works hand-in-hand with wind farm operators throughout Oklahoma and …
Tulsa-based Cypress Energy Partners, L.P. announced its board of directors of its general partner declared a cash distribution for the first quarter of 2018. The cash district is 21-cents per limited partner unit and is unchanged from the fourth quarter of 2017. The distribution will be payable May 15 to all unitholders of record on …
Phillips 66 reported first quarter 2018 earnings of $524 million and adjusted earnings of $512 million. The Houston-based company with major operations in Bartlesville, Oklahoma compared the earnings to fourth-quarter 2017 earnings of $3.2 billion and adjusted earnings of $548 million. The $524 million in first quarter earnings amounted to $1.07 per share. The adjusted …
A large state public pension fund with 2.7 million shares in Chesapeake Energy is asking investors to urge the company to provide timely disclosure of environmental and climate risks and to be more aware of the effects of global warming. CalPERS, the country’s largest state public pension fund with nearly $350 billion in total …
Four persons are recovering from injuries suffered in a natural gas line explosion in the northeast Oklahoma town of Cleveland. It occurred Thursday afternoon near a Cash Saver store as city workers re repairing a gas line leak and the leaking gas ignited. Reports indicated that three of the workers suffered burns. “We could have …
A refinery tank explosion on Thursday in Wisconsin left eleven workers injured. It happened at the Husky Energy refinery in Superior, Wisconsin. Fire Chief Steve Panger said at last word, there were no known fatalities when a tank containing crude oil or asphalt exploded. Five patients were rushed to the St. Mary Medical Center in …
Oklahoma’s STACK play is seeing no letup in the interest in more exploration. At least 34 more permits were approved in the past week for the big play. The latest permits to drill reports as published by OK Energy Today show continued heavy exploration underway. The heaviest interest is in Kingfisher county where 21 permits to …
It was classic Washington D.C. politics on display Thursday as EPA Administrator Scott Pruitt went before two House committees and faced an onslaught of accusations and questions. Democrats went on the attack in a vivid display of partisanship on one side while Republicans displayed the same kind of partisanship on the other. Regardless of whether …
While Enable Midstream Partners LP recently lost a U.S. 10th Circuit Court of Appeals ruling regarding its pipeline operation near Anadarko, the company will not be forced to rip up 1,300 feet of the pipeline. It came out of the Tenth Circuit court this week in a case involving a group of tribal landowners who …
