Baker Hughes, a GE company announced Monday the closing of a secondary offering of 132.25 million shares of BHGE Class A common stock, par value $0.0001 per share by General Electric Company and GE Oil & Gas US Holdings I, Inc., GE Holdings, Inc. and GE Oil & Gas US Holdings IV, Inc. at a price to the public of $21.50 per share. This …
Major oil and gas companies in the Permian Basin signaled their intent to stay in the region for decades, as production booms in southeast New Mexico and West Texas, and enact environmental policies to sustain the industry’s growth. The Carlsbad Current Argus reported several executives from national producers expressed their optimism during the Carlsbad …
New Mexico leaders are creating a new group in connection with New Mexico State University to study the prospects of treating and reusing wastewater from fracking. New Mexico Gov. Michelle Lujan Grisham announced the formation of a produced water “consortium” intended to research and develop polices related to the treatment, reuse and regulation of produced …
The Kansas Corporation Commission has denied a request from Westar Energy that would’ve cost its customers about $93 million. The request called for Westar’s customers to bear the cost of the company’s seven-month lease and subsequent purchase of an 8-percent interest in Jeffrey Energy Center (JEC), located near St. Mary’s. “Had it been approved, the …
Tulsa-based NGL Energy Partners LP has announced a quarterly distribution. The distribution will range from 56 to 60 cents, depending on the type of unit held by the owners. It will be for the quarter ending Sept. 30 and will be paid to the holders of the Partnership’s 9..00% Class B Fixed-to-Floating Rate Cumulative Redeemable …
In a nearly $5 billion deal, Tulsa’s SemGroup has been acquired by Texas-based Energy Transfer. It’s deal that will expand Energy Transfer’s crude oil and NGL infrastructure by adding crude oil gathering assets in the DJ Basin in Colorado and the Anadarko Basin in Oklahoma and Kansas. It will also expand Energy Transfer’s crude oil …
Tim Wigley, the former president of the former Oklahoma Independent Petroleum Association died this month after a brief fight with cancer. He was 56. Wigley headed the OIPA in 2016 after a long career with such groups as the Mississippi Republican Party, the Mississippi Manufacturers Association, the Republican Party of New Mexico, Pac/West Communications and …
While the funeral for the late T.Boone Pickens is to be held this week, the Texas Panhandle ranch he developed and loved is still up for grabs. All for $250 million. His Mesa Vista Ranch totaling 64,809 acres in Roberts County north of Amarillo has been for sale since 2017. Known as an oil magnate, …
Oklahoma U.S. Sen. Jim Inhofe thinks it’s a bad idea—opening an Oklahoma office in Washington. It’s what Gov. Kevin Stitt wants to do as well as hiring a lobbyist to campaign congress for issues such as Oklahoma energy, agriculture and aviation. Despite Sen. Inhofe’s opposition, Gov. Stitt’s staff is moving ahead with the D-C office …
The 30th annual Denver Gold Forum is held this week featuring an invitation-only event attended by the world’s leading specialist precious metal investors. The event is described as the “world’s most prestigious precious metal equities investment forum” and is held at the Hyatt Regency in Denver. It will continue through Wednesday. The Denver Gold Forum …