A week doesn’t go by when another big sale is announced about holdings in the Permian Basin. This week’s is a $1.75 billion cash deal in which Brazos Midstream Holdings LLC of Fort Worth and its financial sponsor Old Ironsides Energy have entered into an agreement to sell their Delaware Basin subsidiary companies to North …
A new study by the University of Colorado finds those who live near oil and gas facilities might have a higher risk of getting cancer and other diseases. But one oil and gas group says the researchers have it wrong. Researchers at the Colorado School of Public Health as well as NASA and the Boulder …
Just a few weeks after signing a bill into law to increase the gross production tax on oil and gas in Oklahoma, Gov. Mary Fallin has signed a bill repealing a $5 tax on hotel and motel rooms. She also signed two others that are estimated to replace the revenue to help fund teacher pay …
Just a few months after Devon Energy issued a 2018 outlook predicting 25% growth in oil production and announcing strong revenue growth in the fourth quarter of 2017, the Oklahoma City company announced the start of the layoff of 300 workers. The company announced it expected to save $200 million by 2020 as a result …
A promotion has been announced for the senior management team at Houston-based Plains All American Pipeline L.P. A man with more than 20 years of experience at Phillips 66, Chris R. Chandler will join the company as Sr. Vice President of Strategic Planning and Acquisitions. He most recently was general manager of Corporate Strategy at …
Oklahoma City-based Enable Midstream Partners LP plans to release its first quarter 2018 earnings report on May 2, 2018. The actual release will be made before market hours on that Wednesday followed by a conference call at 9 a.m. CDT where company leaders will discuss the results. The fourth quarter earnings released in February 2018 …
Governor Mary Fallin has signed into law a bill making changes to the interest rate paid by oil and natural gas producers when there are issues with royalties on minerals. The governor signed House bill 2775 making it effective Nov. 1 at which time changes to the Production Revenue Standards Act will happen. Under the …
The call by striking teachers for the state to eliminate the tax deductions or exemptions from capital gains is being opposed by at least one group. The Oklahoma Association of Realtors came out this week with a video and statement indicating such a move would be harmful to Oklahoma’s economy. Capital gains exemptions are common …
Chesapeake Energy in Oklahoma City has filed forms with the SEC indicating the possible sale of several billion dollars in Senior Notes. In the filing made this week with the Securities and Exchange Commission, the energy company indicated the information in the prospectus was not complete and could be changed. Chesapeake also noted that it …
After being sued by a Washington D.C. watchdog group and facing criticism, Oklahoma Attorney General Mike Hunter has released controversial audits of how the buyout of homes and businesses was handled at the Tar Creek Superfund site. He announced the release after getting approval from Judge Thomas Prince who presides over Oklahoma’s Multicounty Grand Jury. …
