A lawsuit filed by SandRidge Energy Company employees against SandRidge Energy and Reliance Trust Co. in a fight over lost retirement savings has been won by the company. In a ruling in Oklahoma City U.S. District Court, Judge Timothy D. DeGiusti ruled against the employees who had accused SandRidge Energy leaders and Reliance Trust of …
With refineries in Tulsa, El Dorado, Kansas and elsewhere, HollyFrontier Corporation is expanding with a $655 million purchase of Sonneborn US Holdings Inc. and Sonneborn Cooperaatief U.A. HollyFrontier is pulling off the deal with cash on hands and anticipates it will lead to an immediate increase in earnings per share, cash flow and adjusted earnings …
Tulsa’s Cypress Energy Partners, L.P. reported third quarter 2018 revenues of $84.8 million or a 9% increase compared to a year ago. It also represented a jump of 11% over the second quarter of this year proving the saltwater disposal business has been good this year. The increased revenues resulted in a 21 cent a …
Halliburton, the company that got its start in Duncan, Oklahoma and still has a major operation there has named a new Chief Financial Officer. Lance Loeffler, previously the vice president of Investor Relations was promoted to CFO. He will lead Halliburton’s financial functions, including planning and analysis, accounting and financial reporting. Loeffler’s replacing Chris Weber …
Third quarter 2018 results for Oklahoma City’s Roan Resources, Inc. were announced Tuesday showing a net loss of more than $300 million following its reorganization. The company went through a reorganization process to form publicly traded Roan Resources, Inc. which was uplisted to the New York stock Exchange on Nov. 9, 2018. Its quarterly …
Nine Energy Service, Inc., the Houston company with operations throughout Oklahoma reported third quarter 2018 revenues of $218.4 million along with net income of $13.7 million and adjusted earnings of $38.4 million. The company indicated its quarterly revenues were up 6% compared to the second quarter of the year when revenues were $205.5 million. The …
Oklahoma City’s Gulfport Energy has donated more than $5,000 in winter coats to school children in Oklahoma City and it came just in time. The contribution came on the day snow hit the metro as representatives of the company handed out the coats to children at the Van Buren Elementary school on SW 40th street. …
Oklahoma’s STACK and SCOOP plays will be the focus of this year’s DUG Midcontinent conference in Oklahoma City, sponsored by Hart Energy Conferences. The show will initially begin Tuesday with a Midstream Technical Forum in the Renaissance Hotel starting at 1 p.m. But the bulk of the DUG show will be Wednesday and the opening …
A review by the Denver Post of the defeat of Colorado’s controversial Proposition 112, the increased drilling setback, shows those counties with heavy oil and gas exploration helped kill the measure pushed by environmentalists. Weld County, right in the heart of the state’s most active drilling was 75 percent against it. The proposition called …
A sand box fight is underway in Texas. Not just any sand box. But a plastic fracking sand box. It’s developed into a multi-million dollar fight originated when SandBox Logistics hired Arrows Up LLC of Illinois to design the container. That was in 2014 and last week, Arrows Up asked a Houston District judge for …