The Oklahoma Corporation Commission has changed the January 21 meeting site to consider the staff’s proposed statewide proration formula for unallocated gas wells. The 10 a.m. meeting has been changed to Room 301 of the Jim Thorpe Office building at the capital. Room 301 is the site of Corporation Commission meetings.The discussion is to focus …
Gas stations in Arkansas are racing to update their pumps to accept credit and debit cards that have embedded microchips after Visa Inc. and Mastercard Inc. rejected a request to delay an Oct. 1 deadline to complete the work. Fuel operators that have not upgraded their card readers by the deadline will be liable for …
The board of directors of ONEOK, Inc. on Wednesday increased ONEOK’s quarterly dividend 2 cents per share to 93.5 cents per share. This increase results in an annualized dividend of $3.74 per share. The dividend is payable Feb. 14, 2020, to shareholders of record at the close of business Jan. 27, 2020. ONEOK, Inc. is a leading midstream service provider …
In a report this week, the International Energy Agency said the surging oil production from the U.S. and other non-OPEC countries will assist the market to withstand political shocks of the stand-off between the U.S. and Iran. “For now the risk of a major threat to oil supplies appears to have receded,” the Paris-based …
A company drilling at the north edge of Oklahoma City reports three sister wells with combined production of more than 1,100 barrels of oil a day. The same month that Oklahoma City-based Revolution Resources LLC is expected to close on its $201.5 million acquisition of Jones Energy II, Inc. based in Austin, Texas, the firm …
Two Oklahoma oil and gas industry leaders were on hand at the White House Wednesday as President Donald Trump signed the first stage of a U.S.-China agreement,one that signifies a truce in the long-running trade war between Washington and Beijing. Devon Energy’s Chairman emeritus and company co-founder Larry Nichols joined Continental Resources Inc. founder Harold …
Former Phillips 66 executive Lawrence Niemba is now a member of the Plains All American Pipeline and Plains GP Holdings board. His appointment came following his retirement from Phillips 66 in 2017 where he had been executive vice president, refining and executive committee member. Before that, he held various downstream positions with ConocoPhillips, including as …
A Purcell oil and gas drilling contractor that once stunned U.S. energy analysts and others by landing a massive drilling contract with Venezuela in 2016 has closed its operations. Horizontal Well Drillers had reportedly won $1.29 billion in contracts with Venezuela’s national oil company, PDVSA to drill horizontal wells in the country’s Orinoco Belt region. …
** The Trump administration on Wednesday announced the authorization of a roughly 3,000-acre solar farm near Palm Springs, California, after developers scaled back its size to help avoid threatened desert tortoises and cultural artifacts. First Solar Inc.’s 450-megawatt Desert Quartzite project in eastern Riverside County has been praised by some environmentalists for its careful design on lands …
Motorists in Oklahoma City are being warned that part of I-235 will be closed later this month to allow construction of a new bridge over the interstate. The Oklahoma Department of Transportation plans to close a stretch of the interstate between N 50 Street and N 63 Street beginning the weekend of Jan. 24. North …