The latest rig counts show Oklahoma slipped by one in the past week while the national count grew by 2 to reach 1,048 working oil and gas rigs. The state count dropped to 137 compared to one week ago. Nationally, the count saw the number of oil rigs grow by 3 to reach 861 while …
Houston’s Encino Acquisition Partners, the company that just made a $2 billion purchase of Utica Shale holdings from Oklahoma City’s Chesapeake Energy indicated the deal means more than 900,000 net acres of leasehold. In its announcement, Encino said the nearly 900 wells involved in the deal in Ohio produce more than 600 million cubic feet …
Oklahoma City’s Chesapeake Energy Corporation announced it is selling its Utica Shale operating area in Ohio in a $2 billion deal with Houston’s Encino Acquisition Partners. The sale should be finalized in the fourth quarter of the year and includes a $100 million contingent payment based on future natural gas prices. Chesapeake indicated it will …
Reporter Steve Lackmeyer at The Oklahoman always has his ear in tune to business developments in Oklahoma City. His latest story focuses on the $40 million new headquarters to be built for Heartland, the U.S. payments and payroll division for Global Payments. In Friday’s edition, Lackmeyer reported how plans are finalized and construction is expected …
Energy Transfer Partners based in Dallas, the company behind the controversial Dakota Access Pipeline in South Dakota plans to releases its second quarter earnings report on Aug. 8. The company already approved a quarterly cash distribution of $0.565 per common unit which translated to $2.26 on an annualized basis. It was also the same distribution …
Second quarter results will be released later in August by Tulsa’s Cypress Energy Partners, L.P. which also declared a cash distribution of 21 cents a share. The company’s board of directors approved the cash distribution which will be payable on Aug. 14 to all unitholders of record on Aug. 7, 2018. The 21-cents is the …
Midstates Petroleum Company, Inc. of Tula is planning to release its second quarter 2018 earnings report on Aug. 2. The Thursday release will be made after the close of trading on the New York Stock Exchange. Then company leaders will hold a conference call on Friday, Aug. 3 at 8 a.m. Central time to discuss …
A Tulsa energy company’s appeal of a judge’s decision to create a class-action lawsuit filed against it over the 2011 earthquake near Prague has resulted in a delay of the trial. The decision was made last spring by Judge Lori Walkley who ruled that residents and businesses in a nine-county area could join the lawsuit …
With the U.S. House in recess, no hearings on energy will be held in the coming week. Oklahoma Congressman Markwayne Mullin and others on the House Energy and Commerce Committee do not have any hearings scheduled so far for August. Over in the Senate, Oklahoma Senator Jim Inhofe and other members of the Senate Committee …
Despite the 109 degree temperatures of last week in Oklahoma, power usage did not hit a record high. At least that’s the word from OGE spokeswoman Kathleen O’Shea. “While OGE did hit a system load high for this year on 7/20, it was considerably less than last year’s high,” she said in an email response …