One of the providers of Wyoming coal to Oklahoma coal-fired electric generating plants has ended its Credit Agreement with a bank after the amount of borrowing capacity was reduced to about $16 million. It is the latest in a series of financial moves that some say portend a gloomy future for the company. Cloud Peak …
Kansas City-based Tallgrass Energy, LP, a firm that moves crude oil from Wyoming to Cushing, Oklahoma has announced a binding open season on its Pony Express system. The line carries oil from the Guernsey, Wyoming origin point to refinery delivery points along the Pony Express system and to the Cushing storage hub. TallGrass has operations …
With operations across Oklahoma, National Oilwell Varco, Inc. has announced a 5-cent a share dividend. The Houston, Texas based company indicated its Board of Directors declared the regular quarterly cash dividend payable on Dec. 21, 2018 to each stockholder of record on Dec.7, 2018. The company’s coming off the end of the third quarter …
Target Lodging, a Houston firm with operations in Oklahoma’s Anadarko Basin has entered into a $325 million merger with a Los Angeles-based acquisition company. Target’s better known as providing so-called “man camps” for oil and gas drilling plays. Platinum Eagle Acquisition Corporation announced the merger with Target Logistics Management, LLC and another man camp provider, …
Kingfisher County Commissioners have lost a State Supreme Court fight over who has jurisdiction to ban the use of temporary water lines laid by oil and gas drilling companies. In a ruling this week, the court ruled that the Oklahoma Corporation Commission is the only agency that decides such matters and it has exclusive jurisdiction …
Two men who sued some Oklahoma drilling companies after they were hurt while repairing a drilling device have lost their appeal with the U.S, 10th Circuit Court of Appeals in Denver. The court ruled against Jacob McGehee and Steven Ray Heath. They sued Forest Oil Corp. and Lantern Drilling Co. along with Southwest Electronic Energy …
The drought is gone in Oklahoma, but not in New Mexico where state officials are considering a plan to allow the re-use of oil and gas drilling wastewater. Instead of returning it to the earth through wastewater disposal wells, some wonder if it can be safely recycled, according to the following report by the Associated …
More than 800 Oklahoma families have been helped by Deon Energy as the energy firm made contributions of canned goods, meats and fresh produce to the Regional Food Bank of Oklahoma. Devon workers and their families made the contributions to help families in seven communities. They were El Reno, Geary, Hinton, Kingfisher, Lomega, Watonga and …
A lawsuit filed by SandRidge Energy Company employees against SandRidge Energy and Reliance Trust Co. in a fight over lost retirement savings has been won by the company. In a ruling in Oklahoma City U.S. District Court, Judge Timothy D. DeGiusti ruled against the employees who had accused SandRidge Energy leaders and Reliance Trust of …
With refineries in Tulsa, El Dorado, Kansas and elsewhere, HollyFrontier Corporation is expanding with a $655 million purchase of Sonneborn US Holdings Inc. and Sonneborn Cooperaatief U.A. HollyFrontier is pulling off the deal with cash on hands and anticipates it will lead to an immediate increase in earnings per share, cash flow and adjusted earnings …