Gulfport Energy updated its $650 million common share repurchase program with an SEC filing showing it recently agreed to purchase nearly another $40 million in accounts. The accounts are managed and advised by Silver Point Capital, L.P. and MacKay Shields LLC. The repurchase by Gulfport involved 292,910 shares of the company’s common stock at …
From the Oklahoma Office of Workforce Development comes word of a nearly $870 million government contract won by Pratt & Whitney that will not only extend the power life of the Air Force’s B-52H Stratofortress and E-3 Sentry aircraft, but also result in much more work at Tinker Air Force Base. The Pentagon announced the engine make …
While Oklahoma’s astronomical natural gas prices that hit the state during the 2021 Winter Storm Uri are being investigated by State Attorney General Gentner Drummond, in Texas, authorities took steps recently to assure price protections for consumers during power emergencies. Regulators decided to put a cap on the charges that might hit customers during …
** The Office of Foreign Assets Control on Dec. 1 imposed fresh sanctions on three transnational entities involved in violating the Treasury Department’s price cap on Russian oil sales. ** Climate advocate and former U.S. Vice President Al Gore on Sunday slammed the UAE – host of the COP28 climate summit – saying its position as overseer of …
HF Sinclair Corporation’s merger with Holly Energy Partners, L.P., a firm with pipeline operations across Oklahoma, was completed over the weekend. The deal is valued at $1.44 billion, according to a Reuters report. Sinclair acquired all of the outstanding communit units representing limited partner interests in Holly Energy Partners. The acquisition was for a …
New Mexico Gov. Michelle Lujan Grisham traveled to Dubai and used the COP 28 climate control event to announce the final federal rules to reduce emissions from the oil and gas industry—an industry that is key to major revenue for her state. She joined EPA Administrator Michael Regan and White House National climate Advisor …
Oklahoma City: Embark bus 2102, a 40-foot New Flyer Xcelsior CNG bus, southbound on Robinson Ave. at 7th St. Photo by Steve Morgan, 2021. Oklahoma City’s bus service, EMBARK, put new bus routes into effect on Sunday. The changes affected all of EMBARK’s bus routes. The OKC Moves Bus Service Changes include updates to service areas …
The U.S. oil and gas rig count increased in the past week but figures from Baker Hughes Co. show the amount of rig activity is still far below a year ago. Rig numbers provided provided by Baker Hughes show Oklahoma was unchanged at 38 rigs, far below the 71 rigs reported last year at …
Williams announced that it has successfully closed two strategic transactions with a value of $1.27 billion that now position the company as the third largest gatherer in the DJ Basin. Formally called the Denver-Julesburg Basin, it is a large geological formation in northeastern Colorado and southeastern Wyoming. It extends into parts of Nebraska, South …
** The Biden administration on Saturday issued a final rule aimed at reducing methane emissions, targeting the U.S. oil and natural gas industry for its role in global warming as President Joe Biden seeks to advance his climate legacy. ** Nearly a decade after the Flint Water Crisis, the Biden administration is proposing to require the removal …