Shareholders in Oklahoma City’s Chesapeake Energy Corporation and Texas-based WildHorse Resource Development Corporation have approved Chesapeake’s $4 billion acquisition of WildHorse. The preliminary results of the elections were announced indicating that about 96 percent of the Chesapeake shareholders voted for the acquisition. Nearly 95 percent of the WildHorse shareholders supported the deal as well. The …
The $35 million White Eagle Sand plant built by Dolese Bros. Co. in Oklahoma is one of the highlighted investments announced this week by BNSF Railway Company. The Fort Worth, Texas-based railway said investments from its customers served by the freight rail provider in 2018 totaled nearly $3 billion. NSF said the Dolese Bros. Co. …
Anheuser Busch, makers of the Budweiser brand of beers, recently unveiled its 2019 Super Bowl commercial, which features Clydesdales, wind turbines, and Bob Dylan, proclaiming that Anheuser Busch “now brews with wind power for a better tomorrow.” The renewable energy behind the ad is theThunder Ranch wind farm, a 300 MW project in north central Oklahoma …
A huge natural gas line explosion on a busy Tulsa street Thursday initially left an estimated 70,000 customers of Oklahoma Natural Gas without gas to heat their homes and businesses. Fortunately, no one was injured even though nearby witnesses described the sound as a jet plane when the 16-inch transmission line ruptured. Adding to the …
WASHINGTON – In the latest joint federal-state Clean Water Act enforcement action, Sunoco Pipeline L.P. has agreed to pay civil penalties and state enforcement costs and to implement corrective measures to resolve alleged violations of the Clean Water Act and state environmental laws by Sunoco and Mid-Valley Pipeline Company stemming from three crude oil spills …
Oklahoma’s Democrat congresswoman Kendra Horn has been chairwoman of a House Aeronautics and Space subcommittee. The 5th U.S. District Rep. sits on the House Science, Space and Technology Committee along with Oklahoma Republican Rep. Frank Lucas who is the ranking GOP member on the committee. “I am extremely honored by the opportunity to serve as …
Lotus Midstream, LLC, a firm with 3,000 miles of pipeline running to the Cushing oil hub in Oklahoma has joined ExxonMobil and Plains All American Pipeline, L.P. in forming a nearly 650 mile pipeline in the Permian Basin of West Texas. The Wink to Webster Pipeline LLC Joint Venture includes construction of a 36-inch-diameter line …
The investment firm Blackstone has entered into a $3.3 billion contract to acquire 100% of the membership interest in Tallgrass Energy, LP, the big midstream company based near Kansas City, Kansas. Tallgrass has operations in eleven states including storage at the Cushing oil hub in Oklahoma. The deal covers affiliates of Kelso and Co., the …
San Antonio’s NuStar Energy L.P., a firm that expanded pipeline capability out of the Permian to Wichita Falls, Texas just across the Red River from Oklahoma announced it made a $79 million gain after making hurricane repairs in 2018. The year proved to be a turnaround for the firm. The company reported the gain was …
A day after ConocoPhilips announced a quarterly dividend of 30.5 cents per share, the firm announced fourth quarter 2018 earnings of $1.9 billion and full year 2018 earnings of $6.3 billion. The turnaround proved to be gigantic for the firm. The Houston based company with major operations in Oklahoma said the quarterly earnings were $1.61 …