The Tulsa World featured a pictorial comparison of how WPX Energy’s $100 million, 11-story new headquarters tower compares with other high-rise buildings in Tulsa. WPX announced plans for the new tower in June. Click here to view the Tulsa World story.
Oklahoma City-based Mammoth Energy revealed more information about the federal investigation into the former President of the company’s subsidiary that handled contracts to restore electrical power electric power to Puerto Rico following the September 2017 category five Hurricane Maria. In a Form 10-Q filed with the U.S. Securities Exchange Commission, the company said the investigation …
Shareholders in Baker Hughes, a GE company are getting a cash dividend of 18 cents a share. The company’s board of directors declared the dividend on Class A common stock that will be payable on Aug. 23, 2019 to holders of record on Aug. 13, 2019. The dividend will be funded by a distribution of …
Corporation Commissioner Bob Anthony has complained to legislative leaders about the rising Universal Service Fund costs that taxpayers are being forced to bear. In a recent letter to them, the Commissioner said complaints are increasing because of 400 and 500% increases in telephone surcharges. “In July 2019, the monthly OUSF fee charged on my personal phone …
From Bloomberg’s Liam Denning Venerable oil baron Boone Pickens is giving up on oil — sort of. Less than 18 months ago, his fund launched an exchange-traded fund tracking stocks of companies expected to benefit from any increase in Brent crude oil prices. But soon, BOON — the ticker of the NYSE Pickens Oil …
In mid-June, Google CEO Sundar Pichai was joined by Oklahoma Governor Kevin Stitt to announce a $600 million expansion of its data center at the MidAmerica Industrial Park in Pryor, Okla. The project is expected to increase staff at the facility to more than 500 and is part of Google’s $14 billion investment in …
Axios reports that oil and natural gas companies are staring down the barrel of a slowing economy, President Trump’s on-again-off-again Chinese trade war, persistently low oil prices that plunged Friday and even lower natural gas prices. Where it stands: Big Oil’s second-quarter earnings are mixed this week. European majors Total, Eni and Shell reported large drops in …
Tulsa-based Alliance Resource Partners, L.P. announced that it has completed the previously announced acquisition of oil and gas mineral interests from Wing Resources, LLC and Wing Resources II, LLC for a cash purchase price of $145.0 million. Known for its coal production in the eastern U.S., the Oklahoma company expanded its oil and gas holdings. …
Oklahoma’s oil and gas rig count continues to tumble as the latest Baker Hughes Co. rig numbers show the state dropped 5 more rigs in the past week to reach a total of 88. One year ago, Oklahoma had 137 active rigs. Other states saw a reduction in their rig counts and nationally, the numbers …
Williams announced Friday that its Transco interstate pipeline has filed an application with the Federal Energy Regulatory Commission seeking authorization for its $531 million Leidy South project, which is proposed to connect supplies of natural gas in the Marcellus and Utica producing regions in Pennsylvania with markets along the Atlantic Seaboard by the 2021-2022 winter …