A new Securities and Exchange Commission filing by Invesco Ltd. shows the Atlanta, Georgia-based firm now owns 5.8% of the shares in Oklahoma City’s Devon Energy Corp. The filing indicated the firm owns 26,971,655 shares. Nineteen subsidiaries of Invesco made the Scheduled 13G filing.
Oklahoma drivers can expect to see some extra help on highways and interstates as they drive into 2019. The Oklahoma Department of Transportation is increasing its accident response capability in the Oklahoma City metro with the addition of two GO-DOT safety patrol vehicles. Originally introduced in August 2018 as part of the I-235 …
Oklahoma Department of Transportation Executive Director Mike Patterson announced that he will retire April 1 after a nearly 40 year career with the agency. In addition to his leadership of ODOT, Patterson was also appointed to be Gov. Mary Fallin’s Secretary of Transportation in 2017. The Oklahoma Transportation Commission announced the appointment of …
A bill aimed at protecting mineral owners in Oklahoma from interference of their use of the minerals by towns and cities won overwhelming approval Tuesday in a State House committee. House Bill 2150 by Rep. John Pfeiffer won approval on a vote of 14 to 5 on the House Energy and Natural Resources committee. All …
The nearly $8 billion merger of Newfield Exploration Co. and Canada’s Encana Corp. has been approved by shareholders in both firms. Newfield is a major player in Oklahoma’s STACK and SCOOP plays. The $7.7 billion deal is expected to be formally closed on Wednesday. As part of the transaction, Newfield investors will get about 2.67 …
Denver-based Antero Resources Corp. has agreed to pay a $3.15 million civil penalty over pollution violations at 32 drilling sites in West Virginia. The Justice Department announced the fines this week after the West Virginia Department of Environmental Protection reached the settlement. The allegations were over violations of the Clean Water Act at drilling …
The Governor of Pennsylvania says Texas-based Energy Transfer LP doesn’t respect his state laws so he’s halted construction permits for natural gas pipelines operated by the company. “There has been a failure by Energy Transfer and its subsidiaries to respect our laws and our communities,” Gov. Tom Wolf said in a statement. “This is …
Phillips 66 Partners and Kinder Morgan, Inc. have announced the start of a joint open season on a joint pipeline operation to move more oil out of the Permian Basin to the Houston Ship Channel. The season applies to the Gray Oak Pipeline. The joint transportation service offering from the two firms is part of …
Cactus, Inc., a Texas company with extensive drilling operations in Oklahoma’s STACK and SCOOP plays plans to release its earnings report in a few weeks. The Houston company says it will issue the fourth quarter and full-year 2018 report after the close of markets on Wednesday, March 6. The company’s management will hold a conference …
A filing with the U.S. Securities and Exchange Commission was made this week by a shareholder in Oklahoma City-based Chesapeake Energy. The filing was an explanation of ownership of shares by the Carlyle Group based in Washington, D.C. The group and its various firms hold 172,897,387 shares in Chesapeake. The ownership is actually under the …