After the sale of its holdings in a Geismar, Louisiana plant, Tulsa’s Williams Partners announced second quarter net income of $81 million. The Geismar sale totaled $2.1 billion in cash and proceeds were used to pay off an $850 million term loan and also prefund part of growth capex. The $81 million net income was …
Murphy Oil Corporation’s announced the offer of $550 million in Senior Notes that will mature in 2025. The El Dorado, Arkansas based independent oil and gas exploration company said it will use proceeds to redeem its 2.500 percent Notes due December 2017. J.P. Morgan Securities LLC is the joint book-running manager for the offering.
Oklahoma Senators Jim Inhofe and James Lankford helped confirm two new members to the Federal Energy Regulatory Commission on Thursday. It was considered an important step in returning a quorum to the agency. The Senate gave a voice vote for Neil Chatterjee and Robert Powelson. “Neil Chatterjee and Rob Powelson will bring strong, pro-energy perspectives …
New taxes on electric and hybrid cars are among those to be heard by the Oklahoma Supreme Court on Tuesday following the filing of three lawsuits two months ago after they were created by the legislature. Oral arguments will be heard on the suits filed in a challenge to the legality of the way the …
The state of Montana has received nearly $5 million from the federal government for the retraining of hundreds of coal workers losing their jobs in the shutdown of the coal-fired Colstrip power plant. Montana Gov. Steve Bullock’s office said $2 million will be immediately available to begin workforce retraining even after President Trump declared this …
Canada’s Encana Energy has been sued by a Colorado big-game hunting ranch over a 2016 pipeline leak. The Bishop Ranch LLC from Grand Junction filed suit in Rio Blanco County maintain the pipeline spill not only contaminated its property but ruined a planned $5 million sale. The lawsuit, according to the Grand Junction Daily Sentinel, …
The surge of earthquakes in the Edmond area on Wednesday and Thursday, including a 4.2 magnitude quake that caused a power outage is being investigated by the Oklahoma Corporation Commission. The strongest of the quakes caused some minor damage and resulted in a power outage affecting two electrical substations. It was felt in Oklahoma City …
Weeks after signing a $710 million deal to buy another company, Houston, Texas-based Kirby Corporation announced second quarter net earnings of nearly $26 million. Kirby, the firm that acquired United Holdings and United Engines in Oklahoma six years ago announced in June its acquisition of Stewart and Stevenson LLC, a subsidiary of the Houston-based Parman …
Tulsa-based Williams Companies isn’t saying much about it. But the company has just bought a 107-acre farm in Pennsylvania that served as the base of operations for opponents to the company’s Atlantic Sunrise pipeline project. The Amish farm is near the town of Conestoga in Lancaster County and was a protest encampment against the $3 …
The Bureau of Land Management has certainly had its problems as it enforced oil and gas rules and regulations in Oklahoma’s Osage County. Now comes the story of how BLM senior law enforcement officials in Utah gave away ancient stones as a reward to a private contractor. The moqui marbles, which consist of compacted sandstone …