Devon Energy Sells $340 Million of Assets
Oklahoma City-based Devon Energy Corp. announced on July 31 that it had entered into an agreement to sell what it considers to be non-core assets...
Oklahoma
Halliburton Acquires Tulsa-Based Summit ESP
A Tulsa-based oilfield equipment supplier has gained the attention of a large multinational oilfield services provider. The Oklahoma-based firm, Summit ESP, notably impressed Halliburton, as...
Oklahoma Finds Some Relief from Seismic Activity
On Tuesday, June 27, the Oklahoma and Corporation Commission and the Oklahoma Geological Survey released data related to the correlation between earthquakes and fracking activities....
ONEOK Announces Expansion Plans in STACK Region
Tulsa, Oklahoma-based ONEOK, Inc. released a statement on June 19 detailing its plans to expand its natural gas liquids (NGL) gathering system and its Sterling...
Oklahoma is Still a Sweet Spot for New Wells
Many large oil and gas companies have found the prospect of drilling new wells and operating in new areas to be unattractive. The reasoning is...
SemGroup Acquires Strategic Oil Terminal in Houston
On June 6, Tulsa, Oklahoma-based SemGroup Corporation announced that it had entered an agreement to acquire Houston Fuel Oil Terminal Company (HFOTCO). The move diversifies SemGroup’s overall business...
Newfield Looks to Recycling to Boost Cost-Efficiency
As companies seek to maximize efficiency in this unfavorable economic environment, they employ new technologies which enable them to re-use certain resources in a cost-effective...
Mammoth Energy Acquires Three Oil Companies
Mammoth Energy Services, Inc., announced on March 21st that it is purchasing three oilfield services companies in an effort to further its offerings in the...
Bankruptcy Restructuring Offers Relief to Chaparral Energy
Oklahoma City-based Chaparral Energy, a private exploration and production company, announced on May 9th that it had filed for Chapter 11 bankruptcy relief in the...
Williams Reports Impressive Fourth Quarter Performance
On Feb. 15, The Williams Companies, Inc. released its fourth quarter and total year performance for 2016. The Tulsa, Okla.-based company reported an unaudited net...