U.S. shale gas explorer Aubrey McClendon is negotiating a $100 million acquisition of Australian drilling rights in a move that marks the former Chesapeake Energy Corp. chief’s first foray overseas.
McClendon’s American Energy Partners LP signed a letter of intent and a three-month exclusivity agreement with Armour Energy Ltd. to acquire a 75 percent stake in 21.5 million acres of drilling rights, Brisbane, Australia-based Armour said in a statement on Thursday.
BY CASEY SMITH, Tulsa World | Published: Mon, Aug 17, 2015
Williams Cos.' shares rose more than 4 percent to around $54.40 Monday following an exclusive Reuters article published Friday evening that reports Spectra Energy is going to make a bid to buy Williams in its entirety.
Houston-based Spectra operates in three key areas of the natural gas industry — transmission and storage; gathering and processing; and distribution.
Tulsa-based Williams announced in June that it was opening itself up to a "strategic alternatives" process that could include, among other things, a merger, a sale or continuing to pursue the company's existing growth plan.
By Kyle Hinchey, Tulsa World | Published: Sat, Aug 15, 2015
After completing initial phases for A Gathering Place for Tulsa, Manhattan Construction Co. has been replaced as the project's construction manager, according to a statement released Saturday.
Manhattan, which was selected to manage the park's construction in May 2014, is being substituted for Crossland Construction Co. for the remainder of the project, the news release states. The initial phases — Pre-construction, utility and dirt work — already have been completed.
The switch in management will not present noticeable changes to the budget or timeline of the park, according to the release, which is expected to be completed in 2017.
BY CASEY SMITH, Tulsa World | Published: Thu, Aug 13, 2015
Reports are pegging this as the week that Samson Resources will file for Chapter 11 bankruptcy, a move that insiders say the exploration and production company will make before a substantial interest payment comes due Saturday.
Tulsa-based Samson is more than $4 billion in debt. The company must pay a $110 million interest payment on its bonds Aug. 15, but according to a story from Business Insider , Samson “doesn’t have the money, can’t pay, and won’t pay.”
Charles Schusterman founded Samson Resources during the 1970s.