Oklahoma City’s Gulport Energy Corporation has named a 40-year oil and gas industry veteran, David M. Wood to be its new President and Chief Executive Officer. He takes over immediately to replace Michael G. Moore who resigned last month after the company learned of his alleged misuse of the corporate aircraft. Wood will also joined …
Oklahoma City’s Chesapeake Energy is preparing to finalize its $4 billion merger with Houston-based WildHorse Resource Development Corp., a merger announced in late October. In a filing Wednesday with the Securities and Exchange Commission, Chesapeake indicated its shareholders will hold a special meeting Jan. 31, 2019 to consider and vote on the issuance of Chesapeake …
ConocoPhillips announced this week it’s concluded its sale of a subsidiary that holds a 16.5 percent interest in the BP-operated Clair Field off the coast of Scotland. And it finished the purchase of an operation in Alaska. The sale to BP was for an undisclosed price and still leaves ConocoPhillips with a 7.5 percent interest …
OSHA says there were 43 fewer workplace fatalities nationwide in 2017 than the previous year but the number of deaths in the nation’s oilfield increased. The government says it shows that safety is improving across the nation’s work places. But the exception is the oil patch according to one report by E and E …
The political newsletter Sludge, a website that follows the money says several Democrats in Congress including those soon to take over energy committees have millions in energy investments. And the companies where the investments are made have extensive operations in Oklahoma including oil and gas and wind farms. Here’s how Sludge reported is findings: On …
Public Service Company of Oklahoma President and Chief Operating Officer Peggy Simmons announced two new members have been added to the PSO Leadership Team. Tiffini Jackson has been named Vice President, External Affairs. She takes over the position previously held by John Harper, who retired earlier this year. Jackson began her career with PSO in …
A national report this week that inventories had jumped at the Cushing hub in Oklahoma apparently resulted in the price of oil to drop below the $50-a-barrel mark this week in New York. It was the first time in three weeks for prices to drop below the 50-dollar level as the crude market is obviously …
Tulsa-based Alliance Resource Partners, L.P. is expanding its mineral interests nationally and entering the oil and gas industry with a $176 million acquisition of a Texas company. The company has entered into an agreement to acquire the general partner interests in AllDale Minerals, LP and AllDale Minerals II, LP based in Dallas, Texas in the …
The Kansas City-based CorEnergy Infrastructure Trust, Inc. will come under new leadership beginning in January. Executive Chairman Richard Green has resigned effective Jan. 1, 2019 and the independent directors named David Schulte, President and CEO of CorEnergy to succeed him as Chairman of the Board. “Reflecting on my more than 30 years of experience as …
Oklahoma City-based Riley Exploration-Permian LLC reports initial strong production from the Brushy Bill well it drilled in the Permian Basin. Chairman and CEO Bobby Riley says the results from the well in the Company’s Champions asset in Yoakum County, Texas n the San Andrews formation are “compelling.” The Brushy Bill had first oil production on …