After 60 years of oil exploration in Alaska, British oil major BP is leaving. The company agreed to sell all of its Alaska properties in a $5.6 billion deal with privately-held Hilcorp Energy Co. The deal, which includes interests in the most prolific oil field in U.S. history at Prudhoe Bay, and the 800-mile Trans …
Solar companies Pivot Energy and Standard Solar announced they intend to build five more community solar sites across Colorado. The announcement came less than a year after the companies announced the start of similar sites in 13 communities located along Interstate 70 in the state. The 13 projects totaled 10.3 Megawatts of electrical power for …
Wichita, Kansas-based MVP Holdings, LLC announced the opening of an office in Houston. The location will serve the company’s growing oil and gas producer customer base in the Permian Basin and South Texas. MVP leadership indicated that in the past 10 years, the company has acquired and built assets to support the markets in the …
Tulsa’s Catoosa Test Facility has added another test well, its 16th in carrying out research for oil and gas companies. The firm announced it added test well #16 known as “Thunderbird 7″ which has 10-3/4” surface casing down to 751 feet. The well is used to test and validate advanced drilling technologies before they are …
A proposal has been made to take the Kansas City-based pipeline company, Tallgrass Energy, LP private. The company’s board of directors announced it had received a non-binding preliminary proposal from Blackstone Infrastructure Partners, its partners and respective affiliates. The proposal is for Blackstone to acquire all of Tallgrass Energy’s outstanding Class A shares for $19.50 …
Canadian Natural Resources Ltd, the country’s biggest oil producer, has joined a number of other firms asking Canada’s energy regulator to intervene in Enbridge Inc’s plan to overhaul shipping contracts on its Mainline pipeline network. Reuters reported that Canadian Natural’s letter to the National Energy Board, filed late on Monday, calls on the regulator to …
Encana Corporation’s wholly owned subsidiary, Newfield Exploration Mid-Continent Inc., closed on its previously announced $165 million sale of its natural gas assets in Oklahoma’s Arkoma Basin. Proceeds from the sale will be used to reduce the Company’s debt. In making the original announcement in July, the company identified the purchaser only as an “undisclosed buyer.” Encana’s Arkoma assets included approximately 140,000 …
The severe weather that hit the Oklahoma City metro Monday night not only produced an EF-1 tornado near Edmond but at one point left 117,000 OGE customers without electrical power. The power outages forced numerous schools in the Oklahoma City area to cancel classes on Tuesday. Tree branches and trees were toppled by the strong …
PDC Energy, Inc. in Denver announced it is merging with another Denver-based firm, SRC Energy, Inc. in a $1.7 billion agreement. PDC is acquiring SRC in an all-stock transaction including nearly $685 million in SRC’s net debt. Under the agreement, SRC shareholders will received a fixed exchange ratio of 0.158 PDC shares for each share …
Nearly $305.5 million was authorized recently for projects over the next 10 years to improve, expand and maintain broadband service in rural areas of Texas according to the Wichita Falls Times. The move will bring affordable broadband services to 23,424 underserved residences and businesses in the state. “Access to broadband isn’t just about connecting …