Tulsa’s Alliance Resource Partners, L.P. announced Monday the $145 million acquisition of oil and gas mineral interests in the Permian Basin. It made the purchase of holdings from Wing Resources LLC and Wing Resources II LLC. the holdings involve 9,000 net royalty acres in the Midland Basin with exposure to more than 400,000 gross acres. …
After nationwide gasoline prices fell for seven consecutive weeks, prices rose slightly in the past week in Oklahoma City, according to GasBuddy and its daily survey of stations. Prices went up 3.4 cents a gallon reaching a new city average of $2.24 a gallon with the lowest price of $2.01 a gallon found in GasBuddy’s …
Leaders of Tulsa-based Helmerich and Payne, Inc. are headed overseas this week in search of new investors. Mark Smith, Vice President and Chief Financial Officer along with Dave Wilson who is Director of Investor Relations will attend the Simmons London Energy Summit on June 25. Smith will take part in a question and answer …
Phillips 66 Partners and Phillips 66 plan to release second-quarter 2019 financial results in late July. The big question is whether the company will be able to rebound after the marked fall in earnings from late 2018 to early this year. The release will be made on Friday, July 26 followed by a conference …
With rail operations that take its trains through eastern Oklahoma, Kansas City Southern plans to release its second quarter 2019 financial results next month. The company announced the release will be made Friday, July 19 before the opening of trading on the New York Stock Exchange. Company leaders will then hold an earnings conference call …
What happens in the Strait of Hormuz has a direct impact on some U.S. companies. Take for example the announcement Monday from Chevron Phillips Chemical Company LLC based in Houston, Texas. Chevron and Qatar Petroleum are planning to develop, construct and operate a petrochemicals complex in Qatar to produce ethylene and high-density polyethylene which will …
The Oklahoma Department of Environmental Quality (DEQ) has advised the Kingfisher Public Water Supply, located in Kingfisher County, to inform users of its drinking water to use water that has been brought to a full, rolling boil for at least one minute, bottled water, or water from another acceptable source for consumption, use in food preparation, dishwashing and …
While Oklahoma’s oil and gas industry might be in a holding pattern even with a drop in rig activity, the state’s economy continues strong and the unemployment rate dropped again in May. The Oklahoma Employment Security Commission reported the jobless rate dropped to 3.2 percent in May while the nation’s unemployment rate remained at 3.6 …
A 40-year old former top landman for SandRidge Energy, Inc. drew a 21-month prison sentence in Oklahoma City federal court for taking kickbacks and defrauding the company. Joel Matthew Eilerts, who now lives in San Diego, California was sentenced after pleading guilty in October of 2017 to a two-count information that charged him with conspiracy …
The May 13 order by the Oklahoma Corporation Commission in support of OGE’s purchase of the AES Shady Point coal-fired plant near Poteau is being appealed to the Oklahoma Supreme Court. A group called Oklahoma Energy Results filed an appeal over the acquisition of the 360-megawatt plant. Oklahoma Gas and Electric purchased AES Shady Point …