So much for the $41.5 million assets sale announced just a few weeks ago by Samson Oil and Gas Limited. The Australian-based company with much of its U.S. focus in Colorado, Wyoming, Montana and North Dakota announced the prospective buyer couldn’t get the financing. The deal with Firehawk Oil and Gas LLC of Denver was …
In the Permian Basin of West Texas, getting frack sand can be a challenge these days. That’s why more mining operations are under construction. Atlas Sand Company of Austin says it has obtained financing to complete two fracking sand plants. Atlas joined BlackGold Capital Management to get a $150 million credit line to pay for …
As the founder of Oklahoma City-based Continental Resources, CEO Harold Hamm has had a long working relationship with North Dakota. After all, he was one of the early explorers to bring his horizontal-drilling technology to the state, turning the Bakken shale play into what it is today. And he’s defending its production even after some …
More Public Service Company of Oklahoma employees were sent to Puerto Rico this week to help restore electrical power to the island months after Hurricane Maria devastated the place. A dozen workers flew out of Tulsa and are part of a group of nearly 70 frontline PSO employees and sister companies across the AEP system …
Public Service Company of Oklahoma won approval this week from the Oklahoma Corporation Commission to increase its base rate by tens of millions of dollars to customers. It’s still unclear how much of an increase it will mean for those customers. PSO originally filed a $156 million rate hike request last year, stating it needed …
An emphasis on the collection of old tires has led to the City of Norman being honored by the Oklahoma Department of Environmental Quality and Keep Oklahoma Beautiful as a “Clean Community.” As reported by the Norman Transcript, the two agencies made the decision based on Norman’s involvement in tire collection events. Norman got the …
ConocoPhillips, the Houston company with major operations in Oklahoma reported a 7.5 percent increase in its 2017 fourth quarter dividends . Earnings for the fourth quarter totaled $1.6 billion or $1.32 per share. In the fourth quarter of 2016, the company reported a net loss of $35 million or $0.03 per share. For the full-year …
Investigators looking into the January 24 drilling rig explosion that killed 5 men near Quinton, Oklahoma say workers were in the process of changing the drill bit when the blast happened. The U.S. Chemical Safety Board reported this week in its website the new information found by its investigators. ” At the time of the …
Oklahoma Corporation Commissioner Bob Anthony takes issue with Step Up Oklahoma and its call for Commissioners to be appointed by the governor and not chosen by voters. In an editorial this week, the long-time commissioner reminded the group of civic and business leaders their ideas are not new and they were first raised 30 years …
The monthly report on the economies of Oklahoma and 8 other states in the Midwest and Plains indicated a slight dip for January. But Creighton University economist professor Ernie Goss still says it’s healthy for the region. “It’s a good report. Looking ahead 3 to 6 months, there’s good growth out there,” said Goss. The …