When oilman T-Boone Pickens sells his Texas Panhandle Ranch, he will also move the home he grew up in, back to the Oklahoma State University campus in Stillwater. Currently, the white-frame home that once sat in Holdenville, Pickens’ home town, sits next to the $250 million ranch home he’s trying to unload. His fourth …
Oklahoma is one of the focus targets by Houston’s Marathon Oil after selling its take in Libyan oil acreage for $450 million to French oil giant total. Marathon indicated it wanted to depart what it felt was an unstable region and focus on oil production growth in the shale regions of Oklahoma, Texas, New Mexico …
While some firms are still releasing their 4th quarter and year-end 2017 financial results, Halliburton is planning to release its first quarter 2018 financial results in several weeks. The company said it will release the results in April and hold a conference call on Monday, April 23, 2018. Halliburton is one of the largest energy …
Oklahoma City-based Blueknight Energy Partners L.P. plans to release its fourth quarter and full year 2017 financial results on Wednesday. The results will be released after the market closes March 7, 2018. Company leaders will also discuss the results during a Thursday morning conference call. Blueknight’s 3rd quarter 2017 results showed net income of $9.8 …
A bill returning the power of cities and counties to control when and where oil and natural gas wells can be drilled has been passed out of a legislative committee. Senate Bill 1257 by Senator Lonnie Paxton is on its way to the full Senate for a vote. “It’s not my intent to do anything …
Could some Oklahoma wind farms go down in flames because of the legislature? Lawsuits from the wind industry and school districts. The bankruptcy of wind farms. School bond projects in jeopardy. Higher electricity costs.The banking industry losing money it loaned for wind farms. A black eye for Oklahoma’s ability to recruit industries to the state. …
The latest figures on the number of oil and gas rigs drilling for new energy showed a growth in the past week in the U.S. and in Oklahoma. Figures from Baker Hughes Company and the Independent Oil and Gas Service reflected a growth of 8 nationally to reach 981. In Oklahoma, the number of rigs …
While OGE and PSO crews have come home from Puerto Rico where they helped restore electricity following the 2017 Hurricane Maria, hundreds of employees from another Oklahoma firm remain there. Mammoth Energy originally sent more than 400 employees to the island but the number was expanded to 880 by January then up to 922 workers …
A West Virginia energy manufacturer is opening new operations in Claremore and as a result will add 40 to 50 jobs over the next three years. BelGAS Flame Management, a division of Marsh Bellotram Co. will make flame arrestors, tank wiring accessories, burners and specialty fabrication services for the oil and gas industry. “We knew …
The number of orphaned and abandoned well sites restored by the Oklahoma Energy Resources Board reached 16,000 in 2017. The OERB, in its 2017 annual report released this month indicated the organization restored 760 sites last year and for the first time, cleaned up a site in Harmon County. The number is an increase from the …