Tulsa

Quoddy Bay LLC, a Tulsa-based energy development company, has teamed up to build an LNG import terminal in Maine with a local Indian tribe in a unique arrangement that has tax and developmental advantages. The announcement comes less than a week after Maine officials, including Gov. John Baldacci, touted the then-unnamed project as having a key ingredient for success — local community support.

Tulsa, OK-based Vintage Petroleum announced last week that it might sell its Canadian reserves and exploration and production operations, which have provided disappointing returns. Vintage purchased the assets in 2001 through its acquisition of 100% of Genesis Exploration Ltd. The Canadian proved reserves at year-end 2003 represented about 3% its total proved reserves or about 13 MMboe.

Tulsa, OK-based Vintage Petroleum shares were down slightly Tuesday to $14.21 after the company announced that it might sell its Canadian reserves and exploration and production operations, which have provided disappointing returns. Vintage purchased the assets in 2001 through its acquisition of 100% of Genesis Exploration Ltd. The Canadian proved reserves at year-end 2003 represented about 3% its total proved reserves or about 13 MMboe.

Tulsa-based Williams said Thursday it had completed the sale of its Alaska business interests, completing its exit from the petroleum refining and marketing business.

Tulsa-based Williams said Thursday it had completed the sale of its Alaska business interests, completing its exit from the petroleum refining and marketing business.

Tulsa-based Syntroleum Corp. said Thursday that it plans to commercialize a small barge-mounted gas-to-liquids (GTL) plant for shallow water offshore and coastline stranded natural gas assets in the 1-3 Tcf range. The mobile facilities, said the company, would allow exploration and production companies to book reserves in regions where there currently is no infrastructure to produce and transport the gas.

Two Tulsa-based independents, Unit Corp. and PetroCorp, agreed to merge last week in a combination stock-and-cash deal valued at $190 million. In the transaction, the gas-heavy Unit will acquire PetroCorp’s 55 Bcfe of proved reserves using two million of its shares and cash on hand.

Two Tulsa-based independents, Unit Corp. and PetroCorp, agreed to merge Tuesday in a combination stock-and-cash deal valued at $190 million. In the transaction, the gas-heavy Unit will acquire PetroCorp’s 55 Bcfe of proved reserves using two million of its shares and cash on hand.

Updating the progress on its ongoing asset sales program, Tulsa-based Williams reported Friday that it has closed three previously announced transactions involving sales of assets and a power contract for approximately $663 million in aggregate consideration.