Plains All American Pipeline, L.P., with its system that brings oil into the storage farm at Cushing, Oklahoma reported fourth quarter and full-year 2017 earnings. The company reported 2017 and the last quarter were healthy enough that it reduced total debt by $1.5 billion in the 4th quarter and ended 2017 with $3 billion in …
With oil prices higher than months ago, the number of international oi land gas rigs in operation in January 2018 was 960, up 6 from the 954 counted in December 2017. Baker Hughes, a GE company released the figures this week showing the international count was also 27 higher than the 933 rigs counted in …
Kansas City-based Tallgrass Energy Partners LP just plunked down $95 million this week to expand its water infrastructure assets in the Bakken. The company looks upon the purchase as a platform to build additional midstream business in the oil and gas play in North Dakota. Tallgrass , through its subsidiary BNN Water Solutions, LLC announced …
Trying to reduce its debt load, Chesapeake Energy in Oklahoma City is moving ahead with two more of the sales agreements announced in late 2017. It’s what the company indicated Tuesday in an update to its operational results for thel 2017 fourth quarter. Three separate sales agreements were signed then and in the first quarter …
Mark Yates, the director of OK WindPower is no stranger to politics. But as he held a Tuesday state capitol news conference where he lamented the anti-wind rhetoric had created a climate of volatility at the capitol, real politics stepped up and put an end to his scheduled event. It was in the House Lounge …
Gasoline prices shot up 18 cents a gallon across the country in the past week, reaching a new national average of $2.61 a gallon. Prices in Oklahoma average $2.42 a gallon this week, same as last week but still 17 cents higher than a month ago, according to AAA Oklahoma. Despite the 17-cent jump in …
Oklahoma Congressman Markwayne Mullin’s opened another district office in eastern Oklahoma. The new office is in Claremore and will be the site of an open house Feb. 12 from 3 p.m. to 5 p.m. “In order to best serve my constituents in northeast Oklahoma, I have opened a Claremore office at the courthouse in Rogers …
Double Eagle Energy Holdings III, one of the companies focused on acquiring and developing oil and gas assets in the Permian Basin announced it has secured $1 billion in equity commitments. The commitments are anchored from funds managed by affiliates of Apollo Global Management LLC. Company leaders hope the commitments will help the company forward …
After activist investor Carl Icahn rattled the cages at Oklahoma City’s SandRidge Energy and forced the company to scrap a $750 million takeover of a Colorado company, now a Tulsa company is wanting to merge with SandRidge. Midstates Petroleum Company, Inc has proposed a move to combine with SandRidge energy in an all-stock merger …
O Oklahoma Gov. Mary Fallin again laid out her plan to get the state out of its budget crisis, blaming in part what she called the dramatic downturn in the state’s energy sector. She also was targeted by protesters in the gallery. In her 8th and final state of the state address delivered to the …