Rod Walton
Tulsa Worlds
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Past articles by Rod:
Energy Transfer Equity confirms terms of unsolicited bid for Williams Cos.
Oil and gas pipeline giant Energy Transfer Equity LP said Tuesday that volatile commodity and financial markets will not impede its bid to buy Tulsa-based Williams Cos. Inc. in a deal valued at between $48 billion to $53 billion. → Read More
Apache Corp. closing Tulsa regional office
The site, which employed over 200 people at one point before the downturn in crude oil prices, has been in place since the mid-1950s. → Read More
WPX Energy completes $200 million sale of Marcellus Shale assets
Tulsa-based WPX Energy Inc. divested another property by completing the $200 million-plus sale of a package of Marcellus Shale marketing contracts and the release of pipeline transportation capacity to an undisclosed buyer. → Read More
Samson Resources trying to shore up balance sheet, but long-term debt above $4 billion
Samson Resources Corp. leadership talked about first quarter results by expressing optimism about cleaning up its balance sheet but admitted that its cash on hand is dwindling and it cannot restart its drilling program for the immediate future. → Read More
WalletHub ranks Tulsa No. 2 city nationally to start a business
Access to capital, quarters and encouragement apparently make Tulsa an ideal location for entrepreneurs. → Read More
Energy View: Oklahoma earns plenty of spots in top 100 U.S. oil and gas fields
Oklahoma’s best and oldest oil and gas fields are proving they still have some serious staying power. → Read More
Baker Hughes laying off 3,500 more people to reach layoff total of 10,500 employees
Oilfield services giant Baker Hughes is laying off another 3,500 employees companywide, bringing its total reduction to 10,500 people. → Read More
Tulsa-based Unit Corp. subsidiary paying $400,000 in gender discrimination settlement
A subsidiary of Tulsa-based Unit Corp. will pay five women a combined $400,000 and improve its hiring practices to guard against gender discrimination in the future, according to a consent decree filed Friday in the company's nearly 3-year-old federal case. → Read More
Energy View: Gasoline prices suddenly jump up
Motorists who were happily cruising to current low gasoline prices got a sudden, if temporary, jolt on the road Tuesday night. → Read More
Samson Resource makes dramatic moves; analyst predicts bankruptcy
The year 2014 was not kind to Samson, which already was struggling with shifting its natural gas-heavy portfolio and debt burdens. The company burned through $325 million in free cash flow and pushed its debt balance to nearly $3.9 billion, according to the presentation. → Read More
Tulsa federal judge allows gender bias suit against Unit Corp. to move forward
A Tulsa federal gender bias lawsuit against oil and gas producer Unit Corp. could be headed for trial soon after a judge rejected most of the company’s motions to exclude certain parts of testimony from some of the women who claimed they were denied jobs in drilling operations. → Read More
ConocoPhillips latest oil company to lay off employees due to oil bust
The company would not confirm how many workers are caught up in the reduction, but various estimates put it in the dozens. ConocoPhillips is laying people off companywide, including at its Houston base. → Read More
IPSCO Tubulars laying off 200 employees at Tulsa Port of Catoosa
The move could, in effect, shut down the company's plant operations at the Tulsa Port of Catoosa. The company is owned by Houston-based TMK IPSCO, itself the American subsidiary of Russian-based TMK. → Read More
Samson Resources laying off 196 local workers
Debt issues and commodity prices have been the one-two punch pummeling Samson for years. New York private equity firm KKR & Co. bought Samson from the Schusterman family for $7.2 billion in 2011 → Read More
InServ brings teammates back together from Willbros days and earlier
It took seven years, but Arlo DeKraai and Clayton Hughes have gotten the family back together.The clan, in this case, is energy infrastructure firm InServ, or Integrated Services Co. LLC. InServ was built up over decades, then sold to worldwide pipeline contractor WillBros for a reported $225 million in 2007. → Read More
Smart meters coming to AEP-PSO customers in Tulsa beginning next week
Get ready, Tulsa: Smart metering is coming to town starting next week. → Read More
Number of Oklahoma's union workers drops 25,000 in one year
Union membership within the overall Oklahoma workforce dropped by 25,000 workers last year, according to a new federal study. → Read More
Williams Cos. completes $6 billion mega-merger of Williams Partners, Access Midstream
Williams Cos. Inc. has closed on what one energy industry group called “deal of the year” in 2014 by completing its merger of natural gas pipeline entities Williams Partners LP and Access Midstream Partners LP. → Read More
Clean Line wind energy project long time coming, long ways to go
Patience is both a virtue and professional necessity for Michael Skelly. → Read More
Oil bust hits home: Apache Corp., others cutting jobs in Tulsa area
The downside of the crude oil bust is hitting home now. → Read More