A new report in Texas shows the state’s oil production is still breaking records as prices improve while there has been a decline in the Texas Petro Index. The TPI is similar to the Energy Index in Oklahoma and is based on such things as rig count, drilling permits, well completions and employment. The latest …
The round of severe weather Tuesday afternoon and evening in Oklahoma prompted authorities in several towns and cities to sound their tornado sirens. Fortunately, it was only circulation and possible funnel development in the storms as emergency management officials took no chances. In the end, there were no tornadoes that occurred Tuesday in the state. …
Kansas City-based Tortoise Midstream Energy Fund announced it has reached an agreement to acquire the midstream energy asset management business of Advisory Research Inc. from its parent company Piper Jaffray Companies. The Advisory Research midstream energy infrastructure team has nearly $3 billion in assets under management in both balanced and equity strategies. The transaction brings …
A national Natural Gas Storage Work Group has released a report on underground gas storage that evaluates potential vulnerabilities at gas storage operations and identifies prospective regulatory responses for consideration by state and federal agencies. Most underground gas storage facilities have safe histories of operation and allow large supplies of gas to be stored during …
Oklahoma Gov. Kevin Stitt signed a bill into law this week amending the state’s mining rules and regulations as they relate to the impact on water. Senate Bill 1080 clarifies certain Oklahoma Water Resources Board requirements as they pertain to mining. The new law focuses on mines that overlay a “sensitive sole source groundwater basin …
Filings with the U.S. Security and Exchange Commission show major acquisitions of shares by two top Chesapeake Energy officials. Chairman and CEO Robert D. Lawler and Executive Vice President and Chief Financial Officer Domenic J. Dell’Osso Junior each obtained 50,000 shares in the company. Each share had a value of $2.0199. The acquisition leaves Lawler …
Oklahoma City’s Devon Energy announced Wednesday it has sold its Canadian operations in a $2.8 billion deal with Canadian Natural Resources Limited. The company said the transaction was still subject to customary terms and conditions and is expected to close by the end of the second quarter of 2019. Proceeds will be used by Devon …
Plains All American Pipeline announced a $128 million expansion and new joint venture of its existing Red River Pipeline system that carries oil out of Cushing south into Texas. Delek Logistics Partners, LP has purchased from a Plains’ subsidiary a 33% ownership interest in a new Red River Pipeline Company LLC joint venture for $128 million. …
Two men who were fired from National Oilwell Varco L.P. in Oklahoma City because they had not disclosed previous injuries and medication have won part of their appeal of an Oklahoma City federal court ruling. The Denver Federal Appeals court has ruled partially in favor of Christopher Dunsworth and Shawn Shelton who filed suit two …
The 10th U.S. Circuit Court of Appeals has ruled against an Osage County landowner who filed suit challenging an energy company’s right to locate a pipeline on his land. The appeals court ruled against Wayne Schafer’s appeal of a ruling in his lawsuit against Centerpoint Energy Oklahoma Gas. Schafer contended the company did not have …