The money’s flowing as much as the oil when it comes to the Permian Basin in West Texas. Oasis Petroleum in Houston is paying nearly $1 billion for thousands of acres in the Delaware Basin. The purchase from Forge Energy based in San Antonio involves 20,300 net acres. It is a $946 million deal including …
After coming out of bankruptcy in the past year, Houston-based Linn Energy is dividing itself into three standalone companies with one of them focusing on the oil and gas plays in Oklahoma. The division came after Linn came out of an $8.3 billion bankruptcy as two companies, Linn and Berry Petroleum. But now, Linn is …
Scientists at Stanford University claim they have devised a way of detecting thousands of faint, previously missed earthquakes triggered by fracking. It’s a claim that could have a profound impact in Oklahoma where thousands of earthquakes have been recorded in the last several years, prompting state regulators to control wastewater injection wells. Only in one …
Tulsa’s WPX Energy says it will discuss its fourth-quarter and full-year 2017 financial and operations results during a webcast on Fe. 22, 2018. Chief Executive Officer Rick Muncrief, Chief Operating Officer Clay Gaspar and Chief Financial Officer Kevin Vann will discuss the company’s performance on that Thursday morning. Investors can access the event at …
A natural gas line exploded Thursday afternoon in Kingfisher but no one was injured in the incident. The road was damaged in the explosion that happened south of 2880 Road and 810 Road intersection. A 15-foot section of the road was damaged in the blast and authorities closed 2880 Road due to the damage. The …
The Oklahoma Water Resources Board has come through a State Auditor’s Operational Audit with only a few recommendations of changes in the way it manages money. Released Thursday, the operational audit covered July 1, 2014 through Dec. 31, 2016. One recommendation indicated revenues were at risk “due to inadequate segregation of duties.” The auditor …
Oklahoma U.S. Sen. Jim Inhofe continued his criticism this week of why the U.S. continues to lag behind in the permitting process for more nuclear power plants in the country. He made clear his opinion at a hearing held by the Senate Committee on Environment and Public Works where Nuclear Regulatory Commission chairman Kristine …
The latest to join the list of pipeline companies seeking customers to move their crude oil out of the Permian Basin in Texas and New Mexico to the Gulf Coast refineries is Plains All American Pipeline, L.P. The Houston-based company announced this week it has sufficient customer interest to conduct a binding open season for …
Another city is expanding its fleet of CNG vehicles. Santa Fe, New Mexico has awarded a $3 million contract to Clean Energy Fuels Corp. of California to design, build and operate the new compressed natural gas fueling station to serve public and private customers. The station will primarily be used for Santa Fe’s transit and …
Oklahoma companies and those firms with operations in the state were among those U.S. corporations listed in Newsweek Magazine’s annual Green Rankings. Boeing, with major operations at Tinker Air Force base in Midwest City was ranked 22nd out of the top 500 global publicly traded companies. Based on the magazine’s annual assessment of sustainability …
