Oklahoma City-based Chaparral Energy, Inc. announced Thursday it will soon be listed on the New York Stock Exchange. The move of Chaparral’s Class A common stock from the OTCQB or stocks trading over-the-counter will be July 24. Trading will be under the new ticker symbol “CHAP.” Upon the opening of the NYSE trading, the company’s …
Oklahoma energy companies taking part in the oil exploration of the Permian Basin in West Texas can take some of the credit that Texas is about to become the third-largest oil producing region in the world. The state is ready to move past Iraq and Iran and trail only Russia and Saudi Arabia. While much …
Baker Hughes, the company that offers drilling rig counts and of course well services announced this week it is selling its natural gas solutions business for $375 million. The buyer is a private equity firm and an Italian company. The segment that makes gas meters and pipeline repair products had previously been acquired in 2011 …
Houston’s pipeline company Kinder Morgan says its $180 million net loss for the second quarter was driven by a drop in the value of its pipeline and gathering facilities in Oklahoma. The company said the writedown in the Oklahoma value was $600 million. Total impairments came to $750 million and prevented the firm from making …
If you live in the country, chances are you are spending more on energy bills than your neighbors in nearby towns and cities. It’s the finding of a study by the American Council for an Energy-Efficient Economy and the Energy Efficiency for All Coalition. The report indicated rural households spend about 40% more than their …
The judge’s gavel has come down in lawsuit filed by the Caddo Nation of Oklahoma over a Wichita Tribal History Center and it has been dismissed by an Oklahoma City federal judge. U.S. District Judge Joe Heaton dismissed the suit because the history center is completed. The Caddo Nation originally filed suit contending …
Phillips 66 Partners LP announced a slight increase in its second-quarter 2018 cash distribution. The $0.752 dividend issued for each common unit represented a 5.3 percent increase over the previous quarterly distribution of 71 cents a unit. It was also a 22.3 percent jump over the second quarter of 2017. Company leaders in Houston said …
Tulsa’s Williams Partners L.P. reports its Atlantic Sunrise pipeline project is nearing completion. The line is considered by the company to be a “critical expansion” of the existing Transco natural gas pipeline connecting Marcellus gas supplies with markets in the Mid-Atlantic and Southeastern U.S. Williams indicated this week that the project is targeted for mechanical …
An investigation is underway into the Wednesday afternoon fiery explosion that injured three workers at a Devon Energy Company waste disposal well near Kingfisher. The three were rushed to the Kingfisher Hospital and one was later flown to the Baptist Integris hospital in Oklahoma City. The incident happened at mid-afternoon at the well located about …
Oklahoma City-based Devon Energy announced it has completed a more than $3 billion sale of its ownership interests in EnLink Midstream Partners, LLP and EnLink Midstream LLC. The total sale was $3.125 billion to affiliates of the independent infrastructure fund Global Infrastructure Partners. Devon said with the closing of the transaction, the financial results of …