Post Tagged with: "Oklahoma"

President and CEO of Panhandle Oil and Gas Resigns

President and CEO of Panhandle Oil and Gas Resigns

By Tyler Losier, Energy Reporter, Oil & Gas 360

Paul F. Blanchard Jr. steps down as president, CEO and director of Panhandle Oil and Gas
Panhandle Oil and Gas (stock ticker: PHX), a mineral and leasehold acreage-focused capital allocator, has

Casillas Petroleum Resource Partners and Energy Water Services Form New Midstream Company

Casillas Petroleum Resource Partners and Energy Water Services Form New Midstream Company

By Tyler Losier, Energy Reporter, Oil & Gas 360

Casillas Petroleum Resource Partners and Energy Water Services team up to form Woody Creek Midstream
Casillas Petroleum Resource Partners LLC, a portfolio company of Kayne Anderson Energy Funds, and Energy Water

Cushing, Okla., is one of the United States oil facilities in the Keystone Pipeline System.

TransCanada’s 4,250-kilometre (2,640 mile) Keystone Pipeline System transports approximately 20 per cent of western Canadian crude oil exports to key refineries in the U.S. Midwest and Gulf Coast, where it is converted into fuel and other useful petroleum products.

U.S. Crude Stockpiles Fall, with Cushing Down for a Seventh Week – EIA

From Reuters


U.S. crude oil stockpiles fell more than expected last week with supplies at the Cushing, Oklahoma hub dropping for a seventh week, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday.

Crude inventories fell …

Kayne Anderson Makes $100 Million Upstream Investment

Kayne Anderson Makes $100 Million Upstream Investment

By Tyler Losier, Energy Reporter, Oil & Gas 360

Kayne Anderson Energy Fund VIII invests $100 million in newly-formed Indianola Energy
Kayne Anderson Capital Advisors LP, through its Kayne Anderson Energy Fund VIII LP, has made a $100 million equity

Source: Park Energy Services

Park Energy Services Appoints New President and COO

By Tyler Losier, Energy Reporter, Oil & Gas 360

Tim Knox to serve as Park Energy Services' new president and COO
Park Energy Services, a portfolio company of private equity firm Rock Hill Capital, has appointed Tim Knox as president

Lotus Midstream Mulls Reversing West Texas to Cushing Pipeline – Sources

Lotus Midstream Mulls Reversing West Texas to Cushing Pipeline – Sources

From Reuters


Pipeline operator Lotus Midstream LLC may reverse flows on a line now sending crude from West Texas to Cushing, Oklahoma, the main hub for pricing U.S. crude futures, three people familiar with the matter said on Tuesday, an …

August 20, 2019 - 6:01 am Closing Bell Story‎, Crude Oil News, Energy News, Midstream
Source: QEP Resources

Anvil Capital Partners Provides Funding for Two Companies

By Tyler Losier, Energy Reporter, Oil & Gas 360

Vermilion Cliffs Partners gets $11 million senior secured loan facility
On Monday, Anvil Capital Partners, a private credit special situations lending firm, announced the final close of an $11 million senior

Source: Gulfport Energy

New CFO at Gulfport Energy

By Tyler Losier, Energy Reporter, Oil & Gas 360

Quentin R. Hicks joins Gulfport Energy as executive vice president and CFO
Gulfport Energy Corporation (stock ticker: GPOR), an independent E&P based out of Oklahoma City, has hired Quentin R. Hicks

Oil Rises More Than 2% on Firm Yuan, Expectations of More OPEC Cuts

Oil Rises More Than 2% on Firm Yuan, Expectations of More OPEC Cuts

From Reuters


Oil jumped more than 2% on Thursday on expectations that falling prices could lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions.…

Source: Amplify Energy

Shareholders of Amplify Energy and Midstates Petroleum Greenlight Merger

By Tyler Losier, Energy Reporter, Oil & Gas 360

Amplify Energy and Midstates Petroleum to merge after receiving shareholder approval
Amplify Energy Corporation (stock ticker: AMPY), a Houston-based independent E&P, has received the necessary shareholder approval for its previously announced

Alliance Resource Partners Completes Acquisition of Permian Mineral Interests

Alliance Resource Partners Completes Acquisition of Permian Mineral Interests

By Tyler Losier, Energy Reporter, Oil & Gas 360

Alliance Resource Partners Acquires $145 million worth of Permian mineral interests from Wing Resources
Alliance Resource Partners L.P. (stock ticker: ARLP), a diversified natural resource company based in Tulsa, Oklahoma, has

Oil Falls 3% as Trade War Concerns Hit Demand Outlook

Oil Falls 3% as Trade War Concerns Hit Demand Outlook

From Reuters


Global oil benchmark Brent futures fell more than 3% on Monday on global growth concerns after U.S. President Donald Trump last week threatened China with more tariffs, which could limit crude demand from the world’s two biggest buyers.…

Oil Slumps 7% as Trump Announces Additional Tariffs on Chinese Imports

Oil Slumps 7% as Trump Announces Additional Tariffs on Chinese Imports

From Reuters


Oil prices plummeted more than 7% on Thursday, with the U.S. benchmark posting its worst day in more than four years, after President Donald Trump said he would impose additional tariffs Chinese imports starting Sept. 1.

The drop …

Source: Lagoon Water Solutions

Continental Resources Divests STACK Water Handling Facility

By Tyler Losier, Energy Reporter, Oil & Gas 360

Continental Resources sells STACK water handling facility to Lagoon Water Solutions for $85 million
Continental Resources (stock ticker: CLR), an Oklahoma City-based independent E&P, is selling its eastern STACK water gathering

Source: Mach Resources

Private Equity Firm Forms Second Partnership With E&P

By Tyler Losier, Energy Reporter, Oil & Gas 360

Mach Resources and Bayou City Energy form BCE-Mach II LLC, signs two PSAs
Mach Resources, an independent E&P founded in January of 2017, and upstream-focused private equity firm Bayou City Energy,

Source: Encana

Encana Moving $165 Million Cash from Divestiture to its Balance Sheet

By Tyler Losier, Energy Reporter, Oil & Gas 360

Encana sells Newfield Arkoma Basin natural gas assets
Encana Corporation (stock ticker: ECA), a Canadian-based company with unconventional assets in multiple North American basins, has agreed to sell its natural gas

NGL Energy Partners Closes with Mesquite, Announces Multiple Investments

NGL Energy Partners Closes with Mesquite, Announces Multiple Investments

NGL Energy Partners LP Closes Combination with Mesquite and Announces Investment from EIG and FS Energy and Power Fund

Source: Plains All American Pipeline, L.P.

Anticipating More Wyoming Crude: Saddlehorn Pipeline Capacity to Expand by 50%

By Tyler Losier, Energy Reporter, Oil & Gas 360

New Ft. Laramie origin point announced, open season launched
Saddlehorn Pipeline Company, owned in part and operated by Magellan Midstream (stock ticker: MMP), is planning to expand its Saddlehorn pipeline to

Drilling Slowdown Challenges, Invigorates Oilfield Service Providers

Drilling Slowdown Challenges, Invigorates Oilfield Service Providers

From The Oklahoman

The working number of rigs drilling for oil and gas in Oklahoma is about 28% lower than what it was the first week of January.

The decline has squeezed the number of employed rig workers, which likely …

July 1, 2019 - 5:44 am Closing Bell Story‎, Energy News, Oilfield Services
Source: Roan Resources

Oil Capital: Roan Resources Receives Commitments for $100 Million Term Loan

By Tyler Losier, Energy Reporter, Oil & Gas 360

Roan reaffirms $750 Million borrowing base
Roan Resources (stock ticker: ROAN) received commitments for a $100 million term loan facility this week, securing funds affiliated with certain shareholders represented on its

E&P Merger in the STACK

E&P Merger in the STACK

By Tyler Losier, Energy Reporter, Oil & Gas 360

Chisholm Oil and Gas to combine with Gastar Exploration
Chisholm Oil and Gas LCC, backed by Apollo Global Management (stock ticker: APO), has entered into a definitive merger agreement with Gastar

Source: Lime Rock Resources

PE Firm Acquires Assets from BP

By Tyler Losier, Energy Reporter, Oil & Gas 360

Lime Rock Resources acquires land from BP
Lime Rock Resources, a private equity firm and operator under the umbrella of Lime Rock Partners, announced today that it has signed a definitive

Building Boom Shows Biggest U.S. Oil Hub Hasn’t Lost Its Allure

Building Boom Shows Biggest U.S. Oil Hub Hasn’t Lost Its Allure

From Bloomberg


Over two million barrels a day of new pipe capacity planned, Storage capacity at Cushing could reach 100 million barrels

America’s largest oil hub in Cushing, Oklahoma, is growing even as producers and traders look to move surging …

Source White Star Petroleum

Another Chapter 11: White Star Petroleum to Explore Strategic Alternatives

By Tyler Losier, Energy Reporter, Oil & Gas 360

 
White Star receives $28.5 million in committed financing
White Star Petroleum, LLC, a privately held independent E&P headquartered in Oklahoma City, is exploring strategic alternatives after commencing voluntary Chapter 11

Source: Magellan Midstream

Magellan Midstream Names New Board Member

By Tyler Losier, Energy Reporter, Oil & Gas 360

 
Chansoo Joung joins Tulsa, Oklahoma Company 
Magellan Midstream Partners, L.P. announced this morning that it has elected Chansoo Joung as an independent board member, effectively immediately.

Previously, Joung worked in

Jones Energy Logo

Jones Energy Emerges from Bankruptcy with $225 Million Borrowing Base Agreement

By Tyler Losier, Energy Reporter, Oil & Gas 360

 

On May 17, Jones Energy, Inc. (stock ticker: JONEQ) emerged from Chapter 11 after satisfying the requirements of the company’s pre-packaged plan.

The announcement came 33 days after the company

Roan Resources (stock ticker: ROAN), an independent oil and natural gas company based out of Oklahoma City,Merge, SCOOP and STACK producer Roan Resources, Inc. (stock ticker: ROAN) said it expects 2Q production to exceed 50 MBOEPD,- Oil & Gas 360

Roan Resources Exploring Strategic Alternatives

Citigroup and Jefferies enlisted to help determine strategy as to M&A, partnership options
By Tyler Losier

Roan Resources (stock ticker: ROAN), an independent oil and natural gas company based out of Oklahoma City, is enlisting the help of Citigroup Global

A Look at U.S.A.’s Energy States: Which Are the Best and Worst for Business?

A Look at U.S.A.’s Energy States: Which Are the Best and Worst for Business?

CEOs rank Texas at the top, California at the bottom

Chief Executive magazine has published its newest list of the best and worst states for business. Texas ranked Number One—again. California is Number 50—again.

In the executive summary of

May 16, 2019 - 1:09 pm Closing Bell Story‎, Economy, Jobs
U.S. Super-Light Oil Output Rise Roils Texas, Oklahoma Markets

U.S. Super-Light Oil Output Rise Roils Texas, Oklahoma Markets

From Reuters

Growing production of Texas super-light oil – and worries about its quality compared with other types of crude – is slowing down deliveries into the main U.S. storage hub in Oklahoma, draining supply there and adding to a …

April 12, 2019 - 5:51 pm Closing Bell Story‎, Crude Oil News, Energy News
Mid-Con Energy Partners Sells Texas, Buys Oklahoma Producing Properties

Mid-Con Energy Partners Sells Texas, Buys Oklahoma Producing Properties

Mid-Con Energy Partners, LP (stock ticker: MCEP, $MCEP) has entered into definitive agreements to sell substantially all of its Texas properties for $60.0 million and to acquire producing properties in Caddo, Grady and Osage Counties, Oklahoma for $27.5 million.

The