Based in the Kansas City suburb of Leawood, Kansas, midstream operator Tallgrass Energy reported a successful third quarter 2019. Net income was $72.5 million while adjusted EBITDA was $263.8 million and cash available for dividends totaled $210.5 million. The cash available for dividends translated to 75 cents a share or $2.20 on an annualized …
Houston-based Baker Hughes Co. reported third quarter 2019 earnings totaled $5.9 billion but were down two percent compared to the previous quarter. But the earnings were still up 4 percent compared to the third quarter of 2018. Orders for the third quarter totaled $7.8 billion, up 19 percent from the second quarter and up 35 …
More than two dozen Public Service Company of Oklahoma employees are on their way to California to assist Pacific Gas & Electric (PG&E) address power outages associated with that state’s ongoing high winds and wildfire emergency. The employees from PSO’s Tulsa, Lawton and McAlester Districts will be arriving in Sacramento, then given their work assignments …
The distribution of more than $1.1 million in Oklahoma Universal Service Fund money to a handful of small telephone companies will be considered Wednesday by the Oklahoma Corporation Commission. The largest quest was made by Cross Telephone Company based in Warner, a company that provides service to 14 towns and cities in eastern Oklahoma. It …
** At least 16 people protesting a wind farm at Oahu, Hawaii were arrested over the weekend. They blocked trucks carrying wind turbine parts and said ‘breaking the law’ was their last option. The 16 duct-taped themselves to one another to block the trucks. At least 127 arrests have been made in total as residents …
Fake news! It’s not the cry of President Trump but reporters, residents and others in Minnesota following an elaborately-staged prank. The truth is now known….there won’t be any oil pipeline cutting through golf courses and cemeteries as announced over the weekend in Duluth, Minnesota. It was a hoax, carried to perfection by a group called …
Oklahoma City’s LSB Industries Inc. reported a net loss of more nearly $31 million in third quarter 2019 earnings compared to a year ago. Net sales for the quarter were $75.5 million compared to $79.8 million for the third quarter of 2018 for the firm that manufactures and sells chemical products for the agricultural, mining …
Houston-based National Oilwell Varco, Inc., the firm defending itself in a drilling rig accident that killed five workers last year in Oklahoma, reported third quarter 2019 revenues of $2.13 billion, same as the second quarter of the year. But the revenues were down from the $2.15 billion reported for the third quarter of 2018. Net …
A day after Tulsa-based Alliance Resource Partners announced a drop in its coal business, the nation’s biggest private coal miner, Murray Energy Holdings Co. filed Chapter 11 reorganization bankruptcy. The filing was made in Ohio as Murray announced it had entered into a Restructuring Support Agreement with an ad hoc lender group holding more than …
ConocoPhillips reported increased third quarter 2019 earnings as well as earnings for the first nine months of the year. Third quarter earnings were $3.1 billion or $2.74 a share compared with third-quarter 2018 earnings of $1.9 billion or $1.59 a share. Excluding special items, the company’s third-quarter 2019 adjusted earnings were $0.9 billion or 82 …