Chevron’s $33 billion cash and stock purchase of Anadarko Petroleum Corporation is still in effect but Anadarko announced Monday it intends to resume negotiations with another prospective buyer—Occidental Petroleum Corporation. The Chevron deal was announced April 11 but last week on April 24, Occidental Petroleum announced its own proposal to acquire Anadarko. Now Anadarko has …
Someone’s apparently interested in either acquiring Oklahoma City’s Roan Resources Inc. or consolidating with the independent oil and natural gas company. Leadership at Roan Resources announced Monday it had received “multiple unsolicited indications of interest to purchase the Company.” The statement also said the firm had received indications of “interest for in-basin consolidation opportunities.” The …
Tulsa’s Cypress Energy Partners, L.P. declared a cash distribution for the first quarter of 2019. The company’s board of directors declared the cash distribution of 21 cents per limited partner common unit. It will be payable on May 15, 2019 to all unitholders of record on May 8, 2019. The distribution is a 4-cent …
Tulsa-based Alliance Resource Partners, L.P., one of the largest coal-mining companies in the U.S. reported first quarter 2019 revenues of $526.6 million, an increase from the $457 million reported one year ago. The company credited increased coal sales volumes along with better coal prices as well as the addition of oil and gas royalty revenues. …
A slight drop in gasoline prices was reported in Oklahoma City this week while going up about 3 cents a gallon statewide. Tulsa saw a ten-cent jump in prices in the past week, going from $2.50 a gallon last week to $2.60 a gallon on average this week. Oklahoma’s overall average hit $2.62 a gallon, …
Six natural gas wells that were drilled during World War Two in the Oklahoma Panhandle were recently recompleted by Scout Energy Management, LLC. The Dallas, Texas based private investment firm performed hydraulic fracturing on the wells. Spud dates on the wells ranged from March and April, June and October of 1944 in Texas County. The …
An environmental bill supported by the oil and gas industry in Oklahoma but strongly opposed by environmentalists has yet to be signed by Gov. Kevin Stitt. He received Senate Bill 1003 by Sen. Mark Allen, R-Spiro last week. The measure is an environmental and safety “self audit” program for chemical plants, utilities and other industries. …
The Small Business Administration Office of Advocacy is hosting a Regional Regulatory Reform Roundtable on Monday, April 29 at the Embassy Suites located at 741 North Phillips Avenue in Oklahoma City from 8:30 a.m. until 12:30 p.m. The roundtable will provide an opportunity for small business owners to meet with Advocacy staff for discussion of …
Oklahoma students will participate in a second local rally on Friday, May 3 to protest ending climate change and supporting the Green New Deal. The group – Youth Climate Strike Oklahoma – is affiliated with an organization that coordinates nationwide environmental strikes. The rally will occur from 10:30 a.m. until 1:30 p.m. at City Hall …
A controversial environmental measure from the Oklahoma State Senate is headed to Gov. Stitt’s desk for further action after passing through the House of Representatives on Wednesday. Authored by Sen. Mark Allen of Spiro and sponsored by House Rep. Mark McBride of Moore, Senate Bill 1003 would allow regulated entities to voluntarily conduct self-audits as …