Civeo Corporation, the Houston company that provides hospitality services or so-called “man camps” for oil and gas operators received a recent de-listing warning from the New York Stock Exchange. The company has operations based in El Reno, Oklahoma and was warned after its stock fell in trading below $1 over 30 consecutive trading days. One …
Tulsa-based SemGroup Corp.’s takeover by Energy Transfer LP this week means SemGroup has been removed from the Tortoise North American Pipeline Index. The announcement was made Thursday by the Index based in Leawood, Kansas. The Index is a float-adjusted, capitalization weighted index of pipeline companies organized with their principal places of business in the U.S. …
With a slight uptick in oil prices, energy companies aren’t backing off new drilling efforts in Oklahoma. Many are planning new projects. Wednesday’s release of permits to drill show Oklahoma City-based Continental Resources Inc. plans a three-well, single-pad effort at a site about 6 miles southwest of Blanchard in Grady County. The Z21 wells will …
Houston’s Newfield Exploration Mid-Con Inc. didn’t ease up its drilling efforts in Oklahoma in the past few months as witnessed by the company’s continued filing of new completion reports—including a three gas well effort in southeast Oklahoma. The company filed a report showing completion of the Hoile Fed 1611 3h-25x well at 36 16N 11W …
The financial moves by Chesapeake Energy, which included a $1.5 billion new bank loan resulted in a soaring volume of the company’s shares in Wednesday’s trading. Chesapeake stock finished up 17 percent at the end of the day’s trading, closing at nearly 74 cents a share which was an eleven cent increase for the day. …
Tulsa-based SemGroup Corporation announced Wednesday its shareholders voted to approve the previously announced merger agreement whereby SemGroup will be acquired by Energy Transfer LP in a unit and cash transaction. At completion of the merger, SemGroup shareholders will receive $6.80 per share in cash and 0.7275 of an ET common unit for each SemGroup share, or …
** Mooney Aircraft has closed its plant in Kerrville, Texas and laid off workers due to poor airplane sales. The company was founded in 1929 but delivered only 14 aircraft in 2018 and eight through the third quarter of this year. ** An investigation by California state government found a neglected PG and E transmission …
Imagine 80 inches of rainfall in any one place in Oklahoma? Hard to believe, but it was in Miami and Gary McManus, State Climatologist with the Oklahoma Mesonet says the mark is nearly 38 inches above normal. That’s Miami, Oklahoma, not Florida. “37.6 inches above normal? For the year? Are you kidding me? I …
It has been nine months since the FBI began an insider trading investigation of former Marathon Energy chairman Dennis Reilley of Oklahoma City and little has publicly happened in the federal case. It came to light in February when Reilley’s neighbor, John Kenneth Davidson was charged with lying to FBI agent Clayton Johnson. He denied …
Pushed largely by oil production in the Permian Basin of West Texas and eastern New Mexico, the U.S. for the first time posted its first full month as a net exporter of crude and petroleum products. It was the first such posting since government records began in 1949 as the U.S. exported 89,000 barrels a …