State Climatologist Gary McManus with the Oklahoma Mesonet says there’s no doubt about it, Oklahoma had record low temperatures this week. He says just compare the readings this week… to those already in the record books. “Just eyeballin’ it, looks like we broke low temperature records throughout the state, as well as heckuva lot of …
Gasoline prices in Oklahoma dropped four cents on average in the past week reaching a new average of $2.32 a gallon while nationally the average increased a penny to $2.61 a gallon. AAA Oklahoma reports the lowest prices found in Oklahoma were averages of $2.21 a gallon in Washington County in the northeast and the …
Oryx Midstream, a Houston firm founded in part by Tulsa’s WPX Energy and other investors six years ago is acquiring crude oil gathering assets in the Permian Basin in a $135 million deal. Targa Resources had been shopping its holdings and this week attorneys for both companies confirmed the sale. The sale included the crude …
Austin, Texas isn’t alone in its stand against new pipelines. The City Council in San Antonio has approved a similar stand against a new line to carry crude products out of the Permian Basin to refineries along the Gulf Coast. It took the action after Enterprise Products Partners of Houston announced plans to build a …
Investor Carl Icahn says he might not be finished selling his shares in Occidental Petroleum after stating it is “extremely dangerous” to own shares in the company. Icahn, who engineered a 2018 take-over of the SandRidge Energy Board in Oklahoma City says he’s not comfortable with the pile of debt amassed by Occidental Petroleum. Most …
** Murphy Oil in El Dorado, Arkansas announced it plansto offer $550 million in Senior Notes due 2027. The company said it intends to use the net proceeds to purchase up to $550 million in outstanding senior notes due 2022. ** Using $400 million in commitment from EnCap Flatrock Midstream, San Antonio’s Ironwood Midstream Energy …
Tulsa’s Unit Corporation announced an offer to exchange some of its outstanding Senior notes due 2021 for newly-issued Senior notes due in 2024 and for Junior Secured notes due 2025. The offer is for up to $300 million in the outstanding 6.625% Senior Secured notes due 2021 and $600 million in 7.000% Junior Secured Notes …
Cyprus Energy Partners, L.P. in Tulsa reported a third quarter 2019 increase in revenue and net income as well as adjusted earnings. Revenues reached $108.9 million which was a 28 percent increase over a year ago . Net income for the quarter was $5.5 million, an increase of 11 percent compared to the third …
As Chesapeake Energy shares dropped to their lowest price in more than 25 years in trading on Tuesday prompting one investment firm to dump its shares in the company, CEO Doug Lawler issued a statement of confidence. “Chesapeake continues to strongly believe our current capital and operating program, coupled with the planned 30% reduction …
** The Oklahoma Space Industry Development Authority meets Wednesday in Oklahoma City. The meeting will be at 1:30 p.m. at the Oklahoma Department of Transportation headquarters at the state capitol. ** Bob Murray, former CEO and founder of the bankrupt Murray Energy Corp. has dropped his defamation lawsuit against late-night tv show host John Oliver. …