Not that they’re anywhere close to the world’s richest man, Amazon founder Jeff Bezos, but two Oklahomans have made the latest Forbes Report on the world’s wealthiest people who total more than 2,100. Oklahoma’s Harold Hamm, the fracking pioneer who founded and still runs Oklahoma City’s Continental Resources was ranked #61 on the list with …
ExxonMobil has some big plans in mind in terms of the amount of oil it intends to produce and move out of the Permian Basin in West Texas and Southeast New Mexico. The Texas company announced it will produce more than 1 million oil-equivalent barrels a day by as early as 2024. That’s an increase …
One of the management movements reported this week involved a former executive of Preferred Sands, the Oklahoma frac mine operator located near Watonga. The company’s Vice President of sales, Casey Taylor has left the firm to become Vice President of Sales for Denver-based OmniTRAX, Inc. one of the largest privately held transportation service companies in …
Blueknight Energy Partners, L.P. in Oklahoma City plans to release its fourth quarter and full-year 2018 financial results on Monday, March 11, 2019. Company management will hold a conference call the next morning, Tuesday March at 10 a.m. Central time. Blueknight’s third quarter net income was $2.4 million on total revenues of $133.2 million, …
Oklahoma City’s Chesapeake Energy Corporation announced this week the offering of nearly $641 million in new 8% Senior Notes due 2026. They are being issued by the company in exchange for certain outstanding senior unsecured notes of the company including $162.8 million in 6.625% Senior Notes, $96.8 million of 6.875% notes, $254.5 million …
Chesapeake Energy filed a report this week with the Securities and Exchange Commission regarding its $4 billion acquisition of WildHorse Resources. The Oklahoma City-based company announced last month it had completed its previously announced merger with the Texas company. As a result of the agreement, WildHorse merged with and into Brazos Valley Longhorn, L.L.C. which …
Sen. James Lankford, in his 4th edition of his Federal Fumbles report cites millions and millions of dollars in programs and grants that he considers to be wasteful government spending. One of them is the Renewable Fuel Standard which he cited in earlier Federal Fumbles editions and this week said it is still unresolved. In …
The low oil prices and refocusing on oil production have taken a hit on Oklahoma City’s Devon Energy as the company confirmed Tuesday it is laying off about 200 workers and plans still more in the coming months. Spokesman John Porretto issued a statement explaining that as the company announced last month, Devon is …
Brian Taylor has been named the Oklahoma Department of Transportation’s Chief Engineer. The announcement was made at the Oklahoma Transportation Commission meeting this week. In this Senior Staff position, Taylor will oversee all statewide engineering and operations activities. He replaces Casey Shell who retired in 2018. Taylor has 28 years of experience at ODOT and …
From government money spent on studying Russian wine to immigration, Oklahoma U.S. Sen. James Lankford is out with his fourth edition of Federal Fumbles, a listing of what he considers to be wasteful government spending. He touched on some energy-related matters saying his latest edition takes a different approach to waste. “We focus not only …