Chesapeake Energy’s $4 billion acquisition of WildHorse Resource Development Corporation is expected to be finalized this week. At the same time, the two firms announced preliminary results of the elections made by shareholders of WildHorse’s common stock regarding the form of merger consideration to be received from Chesapeake. As announced on October 30, 2018, …
Baker Hughes reports 4Q earnings following largest demand in orders in 3 years
Houston’s Baker Hughes reported the fourth quarter of 2018 saw the company’s biggest demand for orders in three years and as a result, the firm reported revenue of $6.3 billion. It was an 11% increase from the third quarter and up 21% from a year earlier. The amount of orders for the quarter totaled $6.9 …
Tulsa’s NGL Energy Partners expands with purchase of propane operation
Figures were not released but Tulsa’s NGL Energy Partners LP has acquired a subsidiary of DCP Midstream, LP, a Fortune 500 midstream master limited partnership headquartered in Denver, Colorado. The two announced they had executed a purchase and sale agreement under which DCP will convey to NGL its wholesale propane business generally consisting of seven natural …
Oil spill cleanup underway in Garfield County
An oil spill this week polluted a reported 5-mile stretch of a creek near Enid. The Oklahoma Corporation Commission reported cleanup was underway after the Tuesday morning spill was discovered about 4 miles north of Covington on East Southgate road. The OCC was notified by Great Salt Plains Midstream LLC that some 750 barrels …
Two more large STACK wells reported in Blaine county
Two more large oil wells have been reported in Blaine County’s STACK play in the state. Continental Resources of Oklahoma City filed a completion report this week showing the Til 2-27hm well located about 4 miles northeast of the community of Greenfield had initial production of 1,577 barrels of oil a day along with 7,512 …
Legislators want Oklahoma to end Daylight Saving Time
Two legislators have taken steps to end Daylight Savings Time in Oklahoma, a move that would affect any oil and gas operator in the state. State Rep. Kevin West and State Sen. Marty Quinn filed House Bill 1117 to end the state’s observance of the system that requires setting clocks forward an hour in the …
OKC now a “Gig” City
Oklahoma City is now a “Gig” City, according to an announcement coming Thursday from Mayor David Holt and Cox Communications. Alongside leaders from Cox Communications, Mayor David Holt will announce that residents of OKC and the surrounding communities now have access to gigabit internet speeds. Gigabit speeds, equal to 1,000 megabits per second (Mbps), allow …
New Mexico joins coalition fighting global warming
The Governor of New Mexico has signed an order directing New Mexico to join a national coalition of states wanting to fight climate change. It’s seen as an effort by Gov. Michelle Lujan Grisham to shift New Mexico to a renewable energy economy. At a news conference in the state Capitol, the Democratic governor described …
Inhofe and others file bill to promote wildlife conservation
Oklahoma U.S. Sen. Jim Inhofe is part of a Republican-led effort in the Senate Environment and Public Works Committee to reintroduce a Wildlife Innovation Act. The act is meant to promote wildlife conservation, help in the management of invasive species and help protect endangered species. Officially, it is called the WILD Act or Wildlife Innovation …
Study attempts to dissuade Republican states in climate change debate
Oklahoma ranks 10th highest in the U.S. when it comes to the economic impact of climate change, according to a new analysis released by the Brookings Institution. The study suggested states that voted heavy Republican in 2018 will be hurt the hardest. The same study attempted to claim that many states facing the biggest economic …