San Antonio-based EnCap Flatrock Midstream, a company with offices in Oklahoma City and Houston has made an initial $300 million equity commitment to Houston-based greenfield Midstream. Greenfield’s an independent company formed this year and focuses on the development of midstream infrastructure across North America. Its services include natural gas gathering, processing, treating and compression as …
An attorney who recently settled an earthquake lawsuit against one of two oil and gas companies called it significant because it was the first such legal action linked to earthquakes in Oklahoma. Scott Poynter, an attorney based in Little Rock, Arkansas represented Sandra Ladra, a woman hurt in the 2011 earthquake in Prague. She sued to …
Monday’s announcement of a newly redrawn merger of Westar Energy and Great Plains Energy companies in Kansas saw stocks plunge as investors reacted to the news. Stock in Westar Energy dropped $2.75 a share, an indication that investors had expected a premium out of the deal rather than a stock-for-stock situation according to a report …
A re-shuffling of the leadership of the U.S. Interior Department has resulted in Secretary Ryan Zinke’s naming of Gavin Clarkson of Oklahoma’s Choctaw nation as a deputy assistant secretary. Clarkson took over last month and is in charge of overseeing the Offices of Indian Energy and Economic Development, Indian Gaming and Self-Governance within the Office …
Tulsa’s Williams Partners has run into opposition from some Pennsylvania nuns as the company tries to build a natural gas pipeline. The sisters are members of the Catholic Adorers of the Blood of Christ and to show their opposition to the 183-mile long pipeline, they’ve built a prayer chapel on the proposed right of way. …
Suspicions are falling on Russian hackers over recent attempts to break into the system that runs the Wolf Creek Nuclear power plant near Burlington, Kansas. U.S. authorities suggest not only that they might have been from Russia, but they were considered to be a sophisticated group of hackers targeting several U.S. nuclear power plants. Reports …
Westar Energy and Great Plains Energy in Kansas are trying it again. They’ve announced an amended agreement to form a $14 billion utility with headquarters in Topeka and Kansas City, Missouri. In the early-Monday morning announcement, the boards of directors of the two unanimously approved a revised transaction. There’ll be no exchange of cash and …
With a major operation in Bartlesville, ConocoPhillips plans to release its second-quarter 2017 results on July 27. The Houston-based company said the results will be released before the market opens on that day and a conference call webcast will begin at 11 a.m. CT. The webcast will be available at ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor. …
Berkshire Hathaway Energy, a subsidiary of Warren Buffett’s Berkshire Hathaway Inc. announced a merger agreement with Energy Future Holdings Corp. in a nearly $11 billion deal. It means Berhshire Hathaway Energy will acquired reorganized EFH which will also result in the acquisition of Oncor, the energy delivery company serving 10 million customers in Texas. It …
Dallas,Texas based Vistra Energy has announced the $350 million purchase of a 1,054 MW combined cycle, combustion turbine power plant in Odessa, Texas. Vistra, parent company for TXU Energy and Luminant made the purchase from a subsidiary of Koch Ag and Energy Solutions LLC. Curt Morgan, Vistra Energy’s CEO said the asset purchase was made …