The new and improved Mustang Energy Center owned by Oklahoma Gas and Electric went into full commercial operation in Oklahoma City on March 31. Siemens was a technology partner for the project and supplied seven aeroderivative gas turbines and generators to boost output for the Mustang Plant to nearly 462 megawatts. The new turbines and …
Tulsa’s Midstates Petroleum Company, Inc. announced this week it has sold its Anadarko Basin producing properties in western Oklahoma and the Texas panhandle in a $58 million deal. The identity of the buyer was not revealed. The divested properties, according to Midstates, had fourth quarter 2017 net production of 3,900 barrels of oil equivalent. Anticipating …
Scott Pruitt’s move to correct pay raises given through a loophole in federal law to some EPA employees turned into an embarrassing interview for the former Oklahoma Attorney General. Interviewed this week on Fox News, it appeared Pruitt just dug himself into a deeper hole about using a little known aspect of a law …
Oil prices dropped in Wednesday’s trading but the slide could have been greater had it not been for a turnaround in the U.S. stock market and a draw on U.S. crude supplies. West Texas Intermediate crude fell 14 cents and settled for the day on the New York Mercantile Exchange at $63.37 per barrel on …
First quarter results for oil refinery operator Holly Energy Partners, L.P. will be released May 1. With refineries in Tulsa and El Dorado, Kansas and other sites around the country, Holly Energy plans to announce the results before the opening of trading on the New York Stock Exchange. It will hold a webcast conference later …
Tulsa-based Unit Corporation announced Wednesday it has closed on a previously announced deal to sell 50% interest in its Superior Pipeline Company LLC. The $300 million sale is with SP Investor Holdings LLC which is jointly owned by OPTrust and funds managed and advised by Partners Group, a global private markets investment manager. Unit intends …
First quarter 2018 results for Devon Energy Corp. will be released Tuesday, May 1 according to an announcement by the Oklahoma City-based company. The results will be released after the close of U.S. financial markets followed by a conference call the next morning at 10 a.m. Central Time. Earlier this year, the company confirmed an …
Like every other agency in Oklahoma’s state government, the Corporation Commission is looking for places to fund its growing operations. The petroleum excise tax is one target according to a report in the Journal Record. The paper quoted Corporation Commission Chairwoman Dana Murphy as looking to use more of the excise taxes to cover the …
Federal tax charges have been filed against the former president and CEO of the former Oklahoma City-based environmental sales and consulting company TEEMCO. It’s not the first time Gregory Damien Lorson of Naples, Florida has faced tax charges. This week’s charges were filed in Oklahoma City federal court and accused Lorson of failing to pay …
Oilman and cattleman Tom Ward has expanded his newly-formed company’s holdings in northwest Oklahoma with the purchase of more than 1,100 wells and 155,000 acres from Chesapeake Energy, the company he helped found years ago. Ward’s BCE-Mach LLC announced the closing of the deal on land and wells in Woods and Alfalfa Counties. BCE-Mach LLC, …