A merger of Dallas-based Energy Transfer Equity, L.P. and Energy Transfer Partners, L.P. Common unitholders approved the move at a meeting in Dallas. More than 98% of the common units supported the merger. The merger was closed Oct. 19 and a new name was approved as well. Energy Transfer Equity will change its name to …
Houston’s Nine Energy Service, Inc., the firm with extensive exploration in Oklahoma’s STACK and SCOOP plays announced it has priced a private offering of $400 million in senior unsecured notes. The offering applies to 8.75% senior notes due 2023 and Nine intends to use the net proceeds of the offering, together with cash on hand …
Saying they must be held accountable, Democratic candidate for Oklahoma Attorney General Mark Myles is calling for an investigation of state regulators regarding drilling in Rogers County. He contends the Oklahoma Corporation Commission has failed to properly protect Oklahomans from the risks of drilling by BP/Amoco, GTI, GRI Catoosa and others. “We have a serious …
After a nearly 3-year absence from its headquarters at the state capitol, Oklahoma’s Department of Wildlife Conservation is returning Monday. Flood damage caused the $16 million renovation project at 1801 N. Lincoln Blvd, forcing the department to move operations to a temporary location at NE 36 and Martin Luther King Ave. next to the 45th …
An idle threat. It’s what U.S. Sen. James Lankford says of the warning by the Saudi Arabian government that it would drive up the price of oil to $200 a barrel if the U.S. were to implement sanctions over the disappearance and suspected murder of Washington Post columnist Jamal Khashoggi. “At some point, the Saudi …
A talk with the new president of Public Service Company of Oklahoma. Peggy Simmons took over the leadership of PSO in September, replacing Stuart Solomon who held the job for the past 14 years. This week, she talked with reporter Jack Money at the Oklahoman. Read his story by clicking here.
After being closed for renovations for the past few years, the state capitol building housing the Oklahoma Department of Wildlife Conservation will finally be open to the public. The official opening of the office building at 1801 N. Lincoln will be Monday, Oct. 22. News 9’s Lacie Lowry got a glimpse. “The new offices look …
Phillips 66 Partners LP announced that the board of directors of its general partner declared a third-quarter 2018 cash distribution of $0.792 per common unit. This quarter’s distribution represents an increase of 5.3 percent over the previous quarterly distribution of $0.752 per unit and a 22.6 percent increase over third-quarter 2017. The distribution increase is …
Another takeover in the oil and gas industry. Earthstone Energy, Inc. announced its $950 million acquisition of Sabalo Holdings, LLC based in Corpus Christi, Texas. The deal includes nearly 21,000 acres in the Midland Basin as well as 488 gross operated horizontal drilling locations and another 349 non-operated locations. Earthstone acquired the assets with $650 …
There’s just no letup in the political battle over whether the gross production tax on oil and gas in Oklahoma should be raised to a full 7 percent. Democratic candidate for governor Drew Edmondson is campaigning to increase the GPT while Republican Kevin Stitt is against it. So one legislator wants to learn more details …