Author's posts
$1.75 billion Cash Tender Offer Announced by ConocoPhillips
A cash tender offer totaling $1.75 billion in outstanding notes has been announced by ConocoPhillips. The Houston-based company with large operations in Oklahoma is offering to purchase a lengthy series of outstanding notes ranging from 2.4% up to 6.95%. The offer includes varying amounts for each of the different classes of notes. The tender offer …
ExxonMobil says its greenhouse gas reduction measures are working
ExxonMobil says its greenhouse gas reduction measures could lead to significant improvements in emissions performance over the next two years including a 15 percent drop in methane emissions and a 25 percent cut in flaring. Thanks to leak-detection-and-repair efforts designed by its partner, XTO Energy, methane emissions were cut by 2 percent in the past …
Consumer Group Sides With Williams Cos. for Gas Pipeline in New York
While Tulsa’s Williams Cos. does battle with New York State over New York’s denial of another gas line, a report by Consumer Energy Alliance is out with a report entitled “Pipelines and their Benefits to New York.” The report, released this week during a discussion on the Future of Natural Gas and Economic Development in …
Fort Worth Company Opens 3rd Frac Mine in Texas
While Oklahoma’s first frac mine is under construction near the northwest town of Oak Wood, south Texas is getting another frac mine. Black Mountain Sand, based in Fort Worth announced its expansion into the Eagle Ford Shale with the acquisition of 2,300 acres in Atascosa County. Construction is immediately underway and the company hopes to …
Regulators Direct Shutdown of some Disposal Wells Believed Causing Quakes near Crescent
After a swarm of earthquakes around the Logan County town of Crescent, the Oklahoma Corporation Commission has issued another directive against wastewater disposal wells. Several of the quakes measured magnitude 4.0 or greater. The Commission on Wednesday issued the directive ordering some of the well operators to cease operations or make further reductions in the …
OKC Gives Early Nod to $1 million Incentive to Amazon for Center Construction
By a 5-2 vote this week, the Oklahoma City Council approved a move to negotiate $1 million in incentives to online retailer Amazon for construction of a new warehouse and shipping terminal at the Will Rogers World Airport. The $1 million will be public payments for 53 managerial jobs at the new warehouse and the …
OWRB approves over $27.9 million for water & wastewater improvements at May board meeting
Nearly $28 million in State Water Resources Board grants for water and wastewater improvements have been awarded to the cities of Edmond, Jay and Sapulpa. The board took the action at a recent meeting authorizing the largest grant of $19 million to the Edmond Public Works Authority to improve the city’s water infrastructure. The …
$34 million in US Energy Department Grants and None in Oklahoma
Of $34 million in U.S. Energy Department grants announced this week, no Oklahoma research firms received any money. At least 219 grants to 183 small businesses in 41 states were announced by Energy Secretary Rick Perry. Several went to Texas companies and some to research firms in Colorado. One in Kansas, Powers and Zahr located …
WPX Tender Offer Draws Far More Interest Than Planned
Tulsa’s WPX Energy says it’s received nearly $589 million in tenders as part of the company’s recent $400 million cash tender offer for some of its outstanding Senior notes. Information from Global Bondholder Services corporation, the Depositary and Information Agent for the Tenders Offers as of May 22, 2018 showed $548.6 million of the 6% …
Norman Becomes First Oklahoma City to Work to Become 100 Percent Renewable Energy
The city of Norman moved this week to become one relying on 100 percent clean and renewable energy. The City Council voted unanimously to adopt the resolution which declared Norman will transition to use 100 percent clean energy like wind and solar for electricity by 2035. It also intends to be 100 percent reliable across …