ONEOK to sell more notes

  Tulsa’s ONEOK Inc. has filed a prospectus to sell a series of notes. The company filed the preliminary prospectus on Monday with the Securities and Exchange Commission indicating it plans to sell notes due in 2024, 2029 and 2049. But the amount of notes due has yet to be determined by the company. The …

Continue reading »

Increased revenue reported in 2Q by Nine Energy

Houston’s Nine Energy Service, Inc. reported second quarter 2019 revenues of $237.5 million, net income of $6.1 million and adjusted EBITDA of $38.0 million. Second quarter basic earnings per share was $0.21. Heavily involved in STACK and SCOOP drilling activity in Oklahoma, the company’s second quarter 2019 adjusted net income was $8.8 million, or $0.30 adjusted …

Continue reading »

Halliburton wins West African off-shore drilling contracts

Halliburton’s won a big drilling contract for deepwater development off the coast of Senegal. The Houston company said Woodside Energy awarded nine conditional contracts for drilling and completion services for SNE Field Development Phase 1 off the coast of the West African country. “The drilling campaign, which is due to start in late 2020 or …

Continue reading »

Tulsa judge rules against Transco in pipeline lawsuit

A Tulsa federal judge has ruled a Michigan welding company does have a right to a jury trial to settle a multi-million dollar lawsuit against the Williams Partners company Transcontinental Gas Pipe Line even though the work contract included a trial waiver. U.S. District Court Judge Claire V. Eagan made her ruling in a suit …

Continue reading »

Colorado appeals court upholds $60 million judgment against New Jersey gas company

The 10th U.S. District Court of Appeals in Denver has upheld a $60 million judgment against a New Jersey gas company and in favor of a Colorado gas supply company. The ruling came as a result of lawsuits filed concerning an 8-year contract for Antero Resources Company, headquartered in Denver, to deliver natural gas from …

Continue reading »

Study focuses on impact of electric cars in Colorado

A new report on CO2 emissions in Colorado makes a lot of ‘assumptions’ in predicting the impact of electric vehicles in the state. A new report commissioned by Community Energy, Inc. finds that electric vehicles, combined with accelerated coal plant retirements, can reduce Colorado’s CO2 emissions by 42 percent by 2040 relative to today’s levels while …

Continue reading »

DEQ issues boil order in Valliant over discovery of E. coli

The Oklahoma Department of Environmental Quality (DEQ) has advised the Valliant Public Works Authority, located in McCurtain County, to inform residents and users of the drinking water to use water that has been brought to a full, rolling boil for at least one minute, bottled water, or water from another acceptable source for consumption, use …

Continue reading »

Congressman focuses on energy issues during August recess

During his return home for the August congressional recess, Oklahoma U.S. Rep. Markwayne Mullin has focused on energy-related issues with his constituents. In an enewsletter, he mentioned some of the energy groups he met with in recent days. “Our economy is booming. More than 6 million jobs have been created since President Trump took office …

Continue reading »

Cheniere Energy reports drop in net income

As it works toward completion of a nearly $1 billion new pipeline in Oklahoma’s STACK and SCOOP plays, Houston’s Cheniere Energy Partners L.P. reported a second quarter drop in net income of $232 million. The company had net income of $281 million in the second quarter of 2018. The firm’s net income for the six …

Continue reading »

More investors sought by rig-maker Helmerich and Payne

Tulsa’s Helmerich & Payne, Inc. announced that Dave Wilson, Director of Investor Relations, will attend the Susquehanna Energy, Industrials & Airline Conference on Tuesday, August 13, 2019 in New York City and the 2019 Heikkinen Energy Conference on Wednesday, August 14, 2019 in Houston, Texas. The investor slides to be used during the conferences will …

Continue reading »