Step aside “bitcoin” traders. We now have “OilCoin” entering the economic world. And it’s perfectly legal, according to Commissioner Bart Chilton of the U.S. Commodity Futures Trading Commission. He led the project and made the announcement Monday of the creation of the first legally-compliant digital currency based upon a physical asset. OilCoin will tokenize barrels …
Phillips 66, the company with a large operation in Bartlesville announced recently it has a capital budget of $2.3 billion intended for 2018. The amount includes $1.4 billion of growth capital and nearly another $1 billion of sustaining capital. The company intends to invest $1.2 billion in its Natural Gas Liquids and Transportation businesses. …
Oklahoma’s oil and gas industry continues with strong growth reflected in the November gross receipts recently announced by State Treasurer Ken Miller. As the total receipts were 12 percent higher than the same month of last year, oil and gas gross production taxes generated $52.7 million or an increase of $18.7 million from a year …
Oklahoma City-based Chaparral Energy finds itself in a Texas State Supreme court battle with Oncor Electric Delivery Company as the two sight over a breach of contract claim. The Texas Supreme Court on Friday agreed to hear oral arguments as Oncor Electric challenged a trial court judgment that sided with Chaparral Energy LLC. The suit …
A Texas exploration company with a strong presence in Oklahoma’s STACK finds itself in a battle with a southwestern Idaho couple over production records. Randy and Thana Kauffman made a formal complaint with the Idaho Oil and Gas Conservation Commission, asking to have records produced by Alta Mesa . “The state of Idaho is …
Oklahoma City-based SandRidge Energy is responding in its public battle with investor Carl Icahn, calling some of his criticisms of its recent acquisition of a Colorado energy company “inflammatory.” In a filing made Monday, Dec. 11 with the Securities and Exchange Commission, SandRidge Senior Vice President and General Counsel Philip T. Warman laid out responses …
Oklahoma U.S. Senators Jim Inhofe and James Lankford and a handful of other oil-state Republicans have their marching orders from President Trump when it comes to a biofuels compromise. “Trump wants us to come to him with something that’s going to make both sides happy, and I believe we can do it and believe he …
Chesapeake Energy President and Chief Executive Officer Doug Lawler will be the keynote speaker at the 2018 NAPE Global Business conference in Houston. His address will be part of the 25th annual NAPE Summit week taking place Feb. 5-9, 2018. “NAPE’s 25th Anniversary is occurring during a pivotal time in our industry. While production levels are …
Oklahoma City’s based Valorem Energy, LLC has closed on its acquisition of LINN Energy, Inc.’s Williston Basin interests in a $285 million deal. Backed by Kayne Private Energy Income Fund, L.P., the fledgling independent oil and natural gas company purchased nearly 20,000 net acres in North Dakota, South Dakota and Montana. It includes an estimated …
Tallgrass Energy Partners LP is trying to come up with more cash by making a $250 million offer of some of its senior notes that are due in 2028. Based in Leawood, Kansas, a suburb of Kansas City, the company’s offering involves 5.50% Senior Notes. Tallgrass and Tallgrass Energy Finance Corp., a subsidiary of TEP …