OklahomaMinerals.com
Oil & Gas News
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1.4KSecond US shale boom’s legacy: Overpriced deals, unwanted assets
By: Reuters – Oil and gas companies plunged over $156 billion into corporate takeovers and land deals during the second US shale...
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1.5K
Oil Climbs Above $43 in New York as Goldman Strikes Bullish Tone
Bloomberg – Oil rose above $43 a barrel in New York, snapping a two-day drop, as China’s economic recovery continued. West Texas...
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2.7K
Panhandle Oil and Gas Inc. Announces Two Acquisitions
OKLAHOMA CITY, Aug. 27, 2020,/PRNewswire/ — PANHANDLE OIL AND GAS INC. (NYSE: PHX) (“Panhandle”) today announced that it has agreed to acquire two packages of...
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China’s splurge on U.S., Brazilian crude oil is ending
By: Clyde Russell – Reuters – Much of the surge in China’s imports of crude oil in recent months has been provided...
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2.5K
Why Warren Buffett is betting on energy pipelines
By: Nicole Dienst and Eric Rosenbaum – CNBC – With the coronavirus pandemic slashing demand for the oil and gas that has...
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1.9K
Texas-Based Driller Arena Energy Files for Bankruptcy
By Becky Yerak, The Wall Street Journal ~ Arena Energy LP has filed for bankruptcy with a plan to sell virtually all...
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2.9K
The Oil And Gas Situation: Storm Clouds On The Horizon
By: David Blackmon – Forbes – Just when you thought 2020 could not get any worse for the oil and gas industry,...
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4.4K
Federal judge orders Sunoco Logistics to pay $155 million for owed interest, penalties on late payments for oil purchases
by JACK MONEY, THE OKLAHOMAN ~A federal judge ordered Sunoco Logistics to pay interest and punitive damages totaling about $155 million on nearly...
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5.1K
Oklahoma men indicted in scheme to defraud mineral owners
OKLAHOMA CITY (AP) – After initial charges were filed in May, a federal grand jury in Oklahoma City has indicted three men, accusing...
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Petronas Said to Show Interest in Buying Permian’s DoublePoint
By: Kevin Crowley – Bloomberg – Malaysia’s state-backed oil company Petroliam Nasional Bhd. has had preliminary talks about buying Permian Basin shale driller DoublePoint...
