While Oklahoma’s oil and gas rig count slipped by 4 in the past week, the national count went up by 3 to reach 984. Results from Baker Hughes Co. and the Independent Oil and Gas Service showed the Oklahoma count is down to 120 compared to a week ago. The national count included a drop …
Northern Oklahoma experienced another strong earthquake early Friday morning while others occurred in recent days throughout southern Kansas. The U.S. Geological Survey recorded a 3.6 magnitude quake shortly after midnight on Friday near Fairview. It happened at 12:16 a.m. and had a depth of about 3 miles. But throughout the past several days, quakes were …
The $5.6 billion sale of energy provider Calpine Corporation to Energy Capital Partners of Houston and a consortium of other investors was completed this week. Calpine stockholders will receive an amount in cash equal to $15.25 per share of Calpine common stock. At the same time, shares of Calpine, a company with energy operations in …
Transcontinental Gas Pipe Line Company, LLC, one of the wholly-owned subsidiaries of Williams Partners L.P. in Tulsa announced it has priced its previously announced offering of senior notes. The $400 million in principal mount of senior notes due 2028 were priced with a 4.000 percent coupon and at an offering price of 99.446 percent of …
Houston-based Cactus Inc. reported it increased revenues more than 120 percent for 2017 going from $155 million in 2016 to more than $341 million last year. The drilling company has most of its rigs located on sites in Oklahoma. Its website currently lists 32 rigs in Oklahoma compared to 26 in Texas, 6 in New …
A Blaine County well that initially produced more than 2,200 barrels of oil a day has been in production since last fall but the completion report was just filed this month with the Oklahoma Corporation Commission. It also resulted in another big well for the STACK. The report filed by Devon Energy showed the Baker 9 …
A top Bloomberg energy research director was in Oklahoma this week meeting with state legislators and promoting renewable energy resources—especially the state’s wind industry. But Ethan Zindler, head of the U.S.Research at Bloomberg New Energy Finance Limited also had some words of caution as the legislature moves toward more actions to remove tax credits and …
The Oklahoma legislator who thinks his anti-wind energy stance resulted in a private detective planting a tracking device on his vehicle, has filed suit in Oklahoma City federal court against a Texas political consultant. Rep.Mark McBride’s lawsuit was filed this week against George C. Shipley, the Austin political consultant accused of hiring someone to …
Houston-based Noble Energy Partners is buying a 19% equity interest for $15 million in the Midstream Access Pipeline of West Texas. The pipeline is a network of 90 miles of high and low-pressure lines in Upton and Midland counties located in and around Midland and Odessa, Texas. It went online in 2015 and has a …
Some 150 leaders of American biofuel companies sent a letter to President Trump this week urging him to support and maintain the current Renewable Fuel Standard. They warned the President that any changes to the RFS and the Renewable Identification Number system would negatively impact ethanol and biofuel producers. “Like hundreds of thousands of others …