Marathon Petroleum Corp., the firm that was once part of Marathon Oil before the two companies were created separately wrapped up its $23.3 billion purchase this week of its Texas-based rival Andeavor. It makes Marathon, the largest U.S. oil refiner by capacity. Shareholders of both companies agreed to the purchase. The other Marathon, Marathon Oil …
Despite low level earthquakes reported in recent weeks, a new study claims the number of man-made earthquakes in Oklahoma and Kansas has been reduced following steps by regulators in the two states to control wastewater injection wells. The report also suggests there will be a continuing drop in potentially damaging quakes in the next few …
The Oklahoman’s Steve Lackmeyer caught note this week that Oklahoma-based OnCue is expanding into Oklahoma City’s urban core. Already with more than 75 stores statewide, the company filed a zoning request this week for a store to be located at 1305 N Western Ave. The paper explained that OnCue is already building other stores in …
Tulsa’s WPX Energy plans to release its third-quarter 2018 financial and operations results on Nov. 1. Management will also hold a webcast on that day beginning at 9 a.m. Oklahoma time. Chief Executive Officer Rick Muncrief, Chief Operating Officer Clay Gaspar and Chief Financial Officer Kevin Vann will discuss the company’s performance. Investors are encouraged …
A filing with the Securities and Exchange Commission was made this week by Oklahoma City-based Chesapeake Energy. It pertained to the sale of shares by a Chesapeake Executive. Click here to view.
Heading to Dallas for the Red River Showdown in Dallas? AAA Oklahoma says drivers will find cheaper gasoline in Texas than in Oklahoma. AAA reports the Oklahoma gas prices are 8-cents higher per gallon than those in Texas—$2.72 in Oklahoma versus $2.64 in Texas. Texas has the eighth lowest gas prices in the nation this week. …
Southern Kansas was shaken early Wednesday morning by a 3.5 magnitude earthquake that was followed by one in Oklahoma. The U.S. Geological Survey said the epicenter was around the small town of Runnymede or about 42 miles southwest of Wichita. The quake rumbled at 2:36 a-m and was the latest in a series of small …
Tulsa’s Magellan Midstream Partners, L.P. announced it has closed its part of the $1.438 billion sale of part of the BridgeTex Pipeline Company. Magellan, together with Plains All american Pipeline L.P. sold 50% interest in the line to OMERS, a benefit pension plan for municipal employees in Ontario, Canada. The closing leaves OMERS with a …
While Williams of Tulsa is getting out of the San Juan Basin and the Four Corners oil and gas area, DJR Energy LLC based in Denver is entering the play in a big way. DJR Energy announced it has agreed to acquire Encana Corporation’s San Juan Basin assets which include 182,000 net acres. Combined …
ConocoPhillips says its entered into an agreement to sell part of its 30 percent interest in the Greater Sunrise Fields in the Pacific to the government of Timor-Leste. It’s a $350 million deal, according to ConocoPhillips. But it is also conditioned on the government receiving funding approval from the Timor-Leste Council of Ministers and National …