In the battle of the boards between Oklahoma City’s SandRidge Energy and activist investor Carl Icahn, Icahn has made the latest move. He has nominated two more directors to the energy company’s board. After the Board rejected his nomination of five board members, Icahn threw in the names of Nancy Dunlap and Jonathan Christodoro as …
The Oklahoma City Economic Development Trust meets Tuesday to consider a $1.7 million incentive to bring Amazon’s fulfillment center to the metro area. The $153 million center would create an estimated initial 53 jobs with a starting annual salary of $60,000 but eventually, total employment would be close to 1,750. Plans call for the 2.6 …
The U.S. House Energy and Commerce Committee recently voted to send two bills by Oklahoma Congressman Markwayne Mullin to the floor of the house. Both focus on the opioid crisis. House Resolution 3528 is the Every Prescription Conveyed Securely Act which will require e-prescribing for prescription drugs recognized as controlled substances under the Medicare Part …
When it comes to the massive oil production in the Permian Basin, “The best years are behind us,” claims former Amoco scientist Arthur Berman. It’s what he recently told engineers, geologists, lawyers and financiers who gathered for the annual meeting of the Texas Energy Council. “The growth is done,” he proclaimed. This is the same …
Oklahoma’s drought is growing and the U.S. Drought Monitor now has more than 23 percent of the state in an exceptional drought. The Panhandles of Oklahoma and Texas have the worst conditions according to experts at the National Drought Mitigation Center in Nebraska. Three months ago, Oklahoma had no exceptional drought listed areas. But the …
Oklahoma Gov. Mary Fallin vetoed at least two energy-related bills over the weekend that had been sent to her by the legislature including one that would have put more oil and gas money into a “Vision Fund.” House Bill 1401 called for 5% of all receipts from gross production taxes on oil and gas to …
Rig counts jumped 13 nationwide in the past week while Oklahoma’s count was up three according to figures from Baker Hughes Co. and the Independent Oil and Gas Service’s Redtop Rig Report. Oklahoma’s count grew to 138. Nationally, the count is up to 1,045 with ten more oil and 3 more gas rigs in the …
Blaine county in the STACK continues to be a blessing for Oklahoma City’s Continental Resources as the company’s latest completion reports show major production from a handful of wells. In filings made this past week, Continental again has found success in multi-pad drilling sites from wells where it previously had large producing wells. OK Energy …
Three companies have joined forces to announce plans to construct a new 65-mile long 16-inch crude oil pipeline to serve Oklahoma’s STACK oil play. Kingfisher Midstream, LLC and Blueknight Energy Partners, L.P. based in Oklahoma City and affiliates of Ergon, Inc. plan to construct the Cimarron Express Pipeline, carrying oil from northeastern Kingfisher county to …
Tulsa’s Williams board has announced a 34-cent a share dividend which translates into $1.36 annualized for the company’s common stock. It will be payable June 25 to holders of record at the close of business June 8, 2018. The new amount is a 13.33 percent increase from Williams’ second-quarter 2017 quarterly dividend of $0.30 per …