After recently retiring from the New York State Common Retirement Fund, Vicki Fuller has been named as an independent director on the Board of Directors at the Williams Companies, Inc. in Tulsa. The appointment is immediate for Fuller who spent six years as chief investment officer at the New York State Fund, which is the …
A $17.5 million purchase of loading facilities in Tulsa by Dallas-based Holly Energy Partners, L.P. from Holly Corporation became official on Wednesday. The purchase involved truck and rail loading and unloading facilities at Holly’s refinery in Tulsa. In announcing the acquisition, the company said it anticipates nearly $2.7 million incremental annual revenue. The company paid …
An earthquake measuring 3.5 magnitude rattled south central Oklahoma early Wednesday morning. The U.S. Geological Survey said the quake’s epicenter was located about 6 miles southeast of the city of Blanchard. It was recorded at 5:11 a.m. So far, there are no reports of damage. The Oklahoma Geological Survey recorded at least 4 smaller earthquakes …
Chesapeake Energy’s announced $2 billion sale of its Utica Shale holdings last night prompted Moody’s Investors Service this week to consider upgrading the company’s credit. Moody’s said it was in the process of reviewing the company’s corporate family rating which is six notches below investment grade and its senior unsecured rating. Moody’s indicated it might …
Oklahoma City’s Devon Energy reported major increases in oil production in the second quarter of 2018 but also saw a net loss of $425 million in earnings. The company said excluding the impact of noncontrolling interests, its net loss was $355 million It also said the results were impacted by certain items securities analysts typically …
Oklahoma Corporation Commissioner Bob Anthony indicated he won’t take part in an Aug. 28 runoff election debate sponsored by the political news website NonDoc in Oklahoma City. As NonDoc reported this week, it will sponsor the debate of Democratic and Republican candidates who are in the runoff races. The news site said it is working …
Halliburton, the company that got its start in Oklahoma and still has a strong presence in Duncan is expanding with the acquisition of a Houston based firm specializing in water and process treatment chemicals. Halliburton purchased Athlon Solutions and it will become part of Halliburton Multi-Chem business line which is a provider of specialty oilfield …
A new government report says the new route for a planned Keystone XL pipeline through Nebraska would not have a major impact on the state’s water, land and wildlife. The U.S. State Department released a draft study this week of the potential environmental impact in Nebraska where opponents have strongly opposed the 1,184-mile oil pipeline. …
While Jim Bridenstine’s running NASA after giving up his northeast Oklahoma congressional seat, the runoff to find a GOP nominee in his district remains tight. A News on 6 poll in Tulsa also shows as many voters who support former Tulsa county District Attorney Tim Harris are also undecided. The Sooner Poll survey found 37.5 …
Tulsa’s big coal company, Alliance Resource Partners, L.P. reports it had strong coal sales volumes in the second quarter of 2018. The company reported sales led total revenues higher to $516.1 million or an increase of more than 29% compared to the quarter ending June 30, 2017. Net income went up more than 36% …