NGL Energy Partners LP announced that on July 2, 2019, it completed a private placement to institutional investors of $400 million of its Class D Preferred Units and warrants to purchase common units representing equity interests in the Partnership. The Class D Preferred Units bear an initial preferred distribution rate of 9.00%, are redeemable at any time at …
Chaparral Energy, Inc. announced the company was added to the Russell 3000® Index on July 1 as part of the 2019 Russell U.S. Indexes reconstitution. “Chaparral is pleased to be included in the Russell 3000® Index,” said Chaparral Chief Executive Officer Earl Reynolds. “Our commitment to the strategic, low-cost development of our high-return STACK assets and …
NGL Energy Partners LP of Tulsa announced the closing of its previously announced acquisition of all of the assets of Mesquite Disposals Unlimited, LLC for a total purchase price of $892.5 million on a cash-free, debt-free basis, a portion of which will be funded in deferred payments. “The closing of our Mesquite transaction creates the …
OG&E is launching its 13th annual fan donation program by delivering 1,200 electric fans to social service agencies serving low-income and elderly residents across its service area in Oklahoma and western Arkansas. The fan donations are part of OG&E’s Silver Energy™ Program which provides seniors with residential choices designed to increase their comfort, safety and savings. “We’re working …
Oklahoma City’s Devon Energy has released its July 2019 Investor Presentation, one that boasts of defining the “New Devon.” It says the company has a world-class U.S. oil portfolio with unrivaled acreage position in the top basins, multi-decade growth inventory and resource depth allowing for portfolio high-grading. The new report cites oil production from four …
State Rep. Lonnie Sims (R-Jenks) requested an interim study to conduct a state-level review of the actions taken leading up to and in response to the historic Arkansas River Flood of 2019. “We experienced the second most significant flood event along the Arkansas River since 1986,” Sims said. “The flooding spared no community along …
Houston’s Marathon Oil Company is reporting three wells drilled off a single pad in Oklahoma’s STACK play are producing a combined total of more than 2,200 barrels of oil a day. The completion reports filed this week showed the wells were drilled in Kingfisher County at 33 15N 9W and are located about 10.5 miles …
Enjoy this July 4th holiday. We will return tomorrow with our regular newsletter, filled with information about some of the latest energy happenings in Oklahoma and the region. And don’t forget to give appreciation to the freedoms we enjoy in the U.S.
One of those coal-fired Texas power plants blamed for producing a haze over southern Oklahoma in past years is being retired. The 470-MW Gibbons Creek Generating Station located in the northwest of Houston has been in mothball status but will be permanently retired in October according to a notice filed with the Electric Reliability Council …
Oil and gas workers, utility line crews and those maintaining Oklahoma’s wind farms ducked more than the usual number of tornadoes in the month of June. The latest figures from the Oklahoma Mesonet indicate that the 8 tornadoes reported to have touched down in June brought a 2019 total to 115. Oklahoma Climatologist Gary McManus …