Houston-based Anadarko Petroleum has sold its Eagleford Shale assets in South Texas for nearly $2.3 billion to Sanchez Energy Corporation and Blackstone Group LP. It means the company is saying goodbye to exploration in the Eagle Ford .At one time, the Eagle Ford was one of the biggest producing shale areas in Texas. Under terms …
Tulsa-based WPX Energy has announced a public offering of 45,000,000 shares of common stock for nearly $600.8 million. At the same time, the company has announced it’s moving ahead with the purchase of 120,000 acres in the Delaware Basin in west Texas. The purchase includes 23 producing wells. The company said Friday it has granted …
The pipeline company that’s in a fight not only with Native American protesters in North Dakota as well as the federal government, now finds itself in a $4 million legal battle with landowners. Dakota Access Pipeline, owned by a Dallas-based company was sued in federal court by a dozen families. They accused the firm of …
Tulsa-based Samson Resources was scheduled to be in court Thursday as part of an amended Chapter 11 bankruptcy plan with creditors. It came more than a year after the oil and gas producer filed a $4 billion bankruptcy. The latest hearing was part of a proposed global settlement with the company’s first-lien lenders. At the …
Tulsa-based ONEOK has gone to court in Washington, D.C. appealing a $732,000 fine from a 2008 fire at its operations in Bushton, Kansas. The company is asking the D.C. Circuit to review the actions taken last fall by the U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration. As OK Energy Today reported …
More than 6 months after Tulsa-based Williams Cos. and Dallas-based Energy Transfer Equity LP called off their $38 billion pipeline merger, the Williams lawsuit is still in the courts. Williams is still arguing it was wronged by ETE. This week, Williams attorneys were before the Delaware Supreme Court arguing that ETE breached its duty to …
The U.S. Securities and Exchange Commission wields a lot of power including those over energy companies all over Oklahoma. Sometimes its power involves transportation such as the $1.6 million fine against an aerospace company that provides aircraft for the Oklahoma Air National Guard and Fort Sill, to mention a few. In Wednesday’s announcement, the SEC …
A nasty potential ice storm is in the works and it could play a big role in affect Oklahoma’s energy industry in the coming days. If the weather forecasters are accurate, central and northwest Oklahoma could see a major ice storm on Friday and Saturday. It already has the attention of electrical companies as they …
Oklahoma Attorney General Scott Pruitt is making the rounds on Capitol Hill, meeting with U.S. Senators and trying to get support for his nomination to take over the U.S. Environmental Protection Agency. But he’s run into some opposition among some skeptical Democrats who don’t like his reputation of taking on the EPA regarding his …
Another proposed rule by the U.S. Environmental Protection Agency is in the works, one that could target electricity companies in Oklahoma and across the nation. The EPA announced this week and in a notice published Wednesday in the Federal Register said the new rule will require chemical, petroleum products and electricity companies to prove they …