A surprise announcement was made Wednesday that Jeff Hildebrand, the man who founded Hilcorp Energy Co. in Houston 29 years ago is stepping down as chief executive officer. Known for handing out big bonuses to his workers, Hildebrand is the 209th wealthiest person in the world. Bloomberg says he has a net worth of $7.6 …
The case of Tulsa’s Williams Cos. left at the altar by Dallas billionaire Kelcy Warren and his Energy Transfer Equity LP has gone to court in Delaware. And this week Warren denied claims that he profited unfairly from a 2016 private issuance of units from one of his company’s partnerships linked directly to the failure …
The Midwest City Superfund site known as Eagle Industries will be the focus of a public hearing on Thursday by the Oklahoma Department of Environmental Quality. DEQ officials will present information to the public about the contaminated site and what steps the government is taking to clean the site. The Eagle Industries plant sits on …
Warnings are surfacing over a shortage of frac sand and according to Halliburton,it is leading to higher drilling costs and threatening shale production in Oklahoma and other states. As the Wall Street Journal recently reported, when Halliburton CFO Chris Weber talked of the shortage, he said his company’s first quarter earnings could suffer as much …
With fourth quarter earnings of $183 million and $2.7 billion cash on hand, Oklahoma City’s Devon Energy is laying out an aggressive 3-year plan for the company. The net earnings figured out to 35-cents a share and the company said its operating cash flow for the fourth quarter 201 totaled $725 million, a 94 percent …
Don’t expect any closure of the American Airlines maintenance center in Tulsa. That’s the focus of a Tulsa World story this week as executives at the airline exuded confidence in the Tech-Ops-Tulsa base where 5,200 workers are employed. “Things have been tough, but we’re on a great path. Things are so good right now,” said …
The BNSF Railway announced this week that out of $3 billion it plans to spend this year on track improvements across the U.S., at least $110 million will be spent in Oklahoma. The company said the expenditures in Oklahoma will go toward replacing and upgrading rail, rail ties and ballast. The $110 million will be …
The NextEra Energy Resources wind company claims in federal court documents it has discovered Hinton did not properly follow state law in creating a 2015 ordinance to control wind farms 2 miles outside the city limits, an ordinance that led to a lawsuit challenging it. NextEra’s claims were revealed in the lawsuit filed in Oklahoma …
A Pawnee County District Court Judge has set a late February hearing as a lawsuit filed after the 5.8 magnitude earthquake in Pawnee in 2016 progresses. The suit filed by Johnny Lee and Janice Marie Bryant was one of the first to be filed following the quake that caused extensive damage to homes and businesses …
Houston-based XTO Energy, the ExxonMobil subsidiary with more than a million acres of holdings in Oklahoma has problems with a natural gas well that exploded last week in West Virginia. At last word, residents within a mile of the well near Powhatan Point were not allowed back into their homes following the Thursday explosion that …