California-based Western Global Oil says it has purchased several producing oil wells in western Kansas and plans to acquire 18 others in Kingfisher County in Oklahoma. Headquartered in Rancho Mirage, California, the company’s Kansas purchases came in Thomas County. The cities of Colby and Oakley are in the county that is along Interstate 70 in …
Weeks after the 10th U.S. Circuit Court of Appeals declined to rule in a fight over fracking and other oil and gas drilling rules on government lands, the Trump administration has rescinded the proposed rules. The move was announced Thursday and put into effect on Friday as the rules developed under former President Barack Obama …
It was short and sweet! SandRidge Energy’s message of canceling its proposed $742 million merger with Bonanza Creek Energy of Denver, Colorado. The reason? Too much opposition from Carl Icahn and another big investor, Fir Tree Energy in New York City. Icahn and his companies control 13.5 percent of SandRidge stock while Fir Tree has …
Brace for a bitterly cold New Year’s Eve and Day. Temperatures will drop to the single digits in a large part of the state of Oklahoma. In the words of State Climatologist Gary McManus at the Oklahoma Mesonet, “Mother Nature is saving the best (worst) for last AND first with another blast of the North …
Democrats in New Mexico’s congressional delegation are making a renewed push to put limits on drilling of federal land in the northwest corner of their state. They want to protect archaeological and cultural sites in the region. U.S. Sens. Tom Udall and Martin Heinrich and Reps. Ben Ray Lujan and Michelle Lujan Grisham sent a …
Weeks after Oklahoma Corporation Commissioner Bob Anthony called for rate reductions at utilities because of the new tax reforms, Attorney General Mike Hunter took action to do just that. Hunter filed five motions with the Commission asking for an immediate reduction in customer rates from the state’s leading utility companies. His move came after Commissioner …
Never any rest for a lineman. And that’s just what OG and E crews confirmed this week as a convoy of 50 trucks left for Lake Charles, Louisiana to eventually be shipped by barge to Puerto Rico. Puerto Rico still has major power issues following this past fall’s hurricane Maria. Crews from Oklahoma Gas and …
Energy Transfer Equity’s failed 2015 merger with The Williams Cos. in Tulsa has come back to bite the Dallas-based company in the back. A lawsuit filed in April 2016 by Kessler Topaz on behalf of common unitholders of ETE is set to go to trial in Delaware. It is scheduled in February of 2018. The …
Tulsa-based Empire Petroleum Corporation gets a new Chief Executive Officer. Long-time leading energy investment banker Thomas “Tommy” Pritchard was named CEO this month. At the same time, the company announced its purchase of nearly 14,000 gross developed and undeveloped acres and 70 producing wells in North Louisiana. The wells produce about 500 gross barrels of …
Pipeline and storage operator Tallgrass Energy Partners, LP based in Leawood, Kansas announced this week that Oklahoma City-based Continental Resources, Inc. exercised its contractual right to extend its agreement with the company. The agreement pertains to Continental’s shipment of crude with the Belle Fourche Pipeline Company and TEP’s subsidiary, Tallgrass Pony Express Pipeline, LLC. The …
