In a newly-formed joint venture with Tulsa’s Williams Cos., KKR announced Monday it’s entered into an agreement to make a $1.2 billion purchase of Discovery Midstream from TPG Growth. Founded 3 years ago and based in Dallas, Discovery operates in the southern part of Colorado’s Denver-Julesburg Basin and its operations are located in more than …
A lightning strike destroyed a tank battery made up of 8 tanks over the weekend near the small town of Carrier in Garfield county as thunderstorms moved across northern Oklahoma. No injuries were reported but the fire sent a massive column of smoke into the air early Sunday morning, according to Mike Honigsberg Sr., Director …
Alliance Resource Partners, L.P. headquartered in Tulsa has declared a 52-cent cash distribution for shareholders. The Board of Directors of the firm’s general partner signed off on the increased distribution to its unitholders for the quarter ended June 30, 2018. It figures to be an annualized rate of $2.08 per unit and will be …
Blueknight Energy Partners, L.P. plans to release its second quarter 2018 financial results tomorrow after the close of markets. Headquartered in Oklahoma City, the company will hold a conference call Thursday at 10:30 a.m. central time to discuss the results for the three and six months ended June 30, 2018. Net income from its …
The latest polling on the Oklahoma Labor Commissioner race shows Cathy Costello with a commanding 10% lead over her primary runoff opponent, Rep. Leslie Bennett. The survey was conducted last week by Sooner Poll and News 9 among 483 registered Republican voters. “We found Cathy Costello’s platform of conservative values and limited government …
With the wind out of its sails at the hands of a Texas regulatory body, Public Service Company of Oklahoma has dropped plans to develop a $4.5 billion dollar Wind Catcher wind farm in the Oklahoma Panhandle. It would have been the largest wind farm to be constructed in the U.S. Considering the magnitude of …
The latest rig counts show Oklahoma slipped by one in the past week while the national count grew by 2 to reach 1,048 working oil and gas rigs. The state count dropped to 137 compared to one week ago. Nationally, the count saw the number of oil rigs grow by 3 to reach 861 while …
Houston’s Encino Acquisition Partners, the company that just made a $2 billion purchase of Utica Shale holdings from Oklahoma City’s Chesapeake Energy indicated the deal means more than 900,000 net acres of leasehold. In its announcement, Encino said the nearly 900 wells involved in the deal in Ohio produce more than 600 million cubic feet …
Oklahoma City’s Chesapeake Energy Corporation announced it is selling its Utica Shale operating area in Ohio in a $2 billion deal with Houston’s Encino Acquisition Partners. The sale should be finalized in the fourth quarter of the year and includes a $100 million contingent payment based on future natural gas prices. Chesapeake indicated it will …
Reporter Steve Lackmeyer at The Oklahoman always has his ear in tune to business developments in Oklahoma City. His latest story focuses on the $40 million new headquarters to be built for Heartland, the U.S. payments and payroll division for Global Payments. In Friday’s edition, Lackmeyer reported how plans are finalized and construction is expected …