As Meridian Energy Group moves ahead with construction of one of the first greenfield fuels refineries in the U.S. in four decades, it’s announced the signing of a major contract for housing in North Dakota’s Bakken play. The company announced this week the signing of a letter of intent with Target Lodging of The Woodlands, …
A new member was elected to Devon Energy’s board of directors. Shareholders chose John Krenicki Jr. to the board during the company’s annual meeting this week. The shareholders also re-elected existing board members to one-year terms. With Krenicki’s election, the board was expanded to 10 members of which eight are independent directors. Krenicki is a …
The latest figures show a drop in international rig activity, according to a report from Baker Hughes. The count for May 2018 was 967, a drop of 11 from the 978 reported in April. But it is up 10 from the 957 reported in May of 2017. The international offshore rig count increased by …
Oklahoma U.S. Sen. Jim Inhofe joined three other Senators this week in introducing a bill to make clear the amount of time the EPA can prohibit the issuance or terminate existing dredge-and-fill permits. It’s an effort to promote more energy production including coal mining as well as oil and gas operations and to end government …
What’s the latest in the SandRidge Energy fight with activist investor Carl Icahn? The Oklahoma City-based company announced Wednesday that Institutional Shareholder Services Inc., an independent proxy advisory firm is recommending that SandRidge shareholders vote “for” the slate of officers recommended by the company and not those preferred by Icahn. The White SandRidge Universal proxy …
Oklahoma Attorney General Mike Hunter’s announced an $8.5 million settlement with Volkswagen and other auto makers from the state’s lawsuit accusing them of false and deceptive advertising. The suit against VW was filed after the car maker cheated on emissions software in diesel cars. The scandal allowed VW to meet U.S. standards while in reality, …
Declining health is forcing David Koch, 78, one of the brothers leading Koch Industries as well as a nationally known conservative group to retire. The conservative billionaire made the announcement this week, leaving control in the hands of his older brother Charles. Together, the two have been a force in American politics since the 80s. …
A Denver, Colorado company with extensive operations in western Oklahoma has formed a Fort Worth firm to create a new company concentrating on oil production in the Midland Basin of Texas. Privately-held FourPoint Energy in Denver teamed up with Double Eagle Energy Holdings III LLC of Forth Worth. They’re calling their joint venture DoublePoint Energy. …
Houston’s EV Energy Partners, L.P. , an upstream oil and gas business, has wiped out $355 million in debt and emerged from Chapter 11 bankruptcy. It also has a new name—Harvest Oil and Gas Corp., a firm with operations offices in Elk City, Oklahoma. The company said it significantly enhanced its financial flexibility through restructuring. …
Safety awards were handed out for Oklahoma highway workers at this week’s meeting of the Oklahoma Department of Transportation Commission. Workers were honored for putting their lives on the line to help construct and maintain state highways, interstates and bridges. Safety is considered to be ODOT’s top priority and the agency conducts onsite reviews, accident …
