Crude oil pipeline operator Tallgrass Energy, LP based near Kansas City announced its second quarter earnings which reflected a 54-cent a share dividend for shareholders. Net income totaled $71.6 million while adjusted EBITDA was $254.3 million. Cash Available for dividends was $204.8 million. The new adjusted EBITDA brought the figure for the first six months …
Tulsa’s oil and gas accounting firm The Resource Group has been acquired by San Antonio-based Avisto Capital Partners LLC in an expansion move. This is Avisto’s second acquisition of a back office advisory service provider in the epicenter of the U.S. crude oil and natural gas producing region. Avisto’s first acquisition, Eddye Dreyer Financial Services, …
Secretary of Defense Mark Esper signed a memo on his first full day on the job to create a task force to focus on cancer-causing chemicals found on military bases including those in Oklahoma City, Enid, Tulsa and Altus. Military Times reported that Esper told reporters the purpose of the task force was to “address …
Dividends for shareholders of Panhandle Oil and Gas as well as Blueknight Energy Partners were declared this week by the two Oklahoma-based energy companies. Blueknight Energy directors declared a quarterly cash distribution of 4 cents per common unit and 17.875 cents per preferred unit. The payments will be made Aug. 14 to unitholders of record …
Nearly six years after the 80-year old bridge linking the cities of Purcell and Lexington at the Canadian river became endangered, the state prepares to dedicate a new replacement. Ceremonies will be held Friday at the $38 million US-77/SH39 bridge that is four lanes and will officially be opened to traffic. They come after a …
Former Oklahoma City oil and gas broker Robert Samuel Kerr IV avoided prison this week when he was sentenced in U.S. District Court for conspiring with two others to commit wire fraud. Kerr, 38 was sentenced to four years probation and ordered to pay $30,000 restitution after he pleaded guilty in November 2017 to one …
Oklahoma City-based Impact Energy Partners LLC announced it has finalized the acquisition of 100 operated properties along with 23,479 net acres in northern Oklahoma where it is expanding operations. The acquisition was in Grant, Garfield and Alfalfa counties which make up northwest Oklahoma’s Mississippi Lime field. The purchases followed Impact Energy’s two previous purchases of …
Oil and gas companies Devon Energy and Newfield Exploration each reported big finds in Oklahoma’s STACK play. Devon saw nearly 3,800 barrels of oil a day production from two wells drilled on a single pad near Watonga in Blaine County. The Chipmunk wells, located about 1.5 miles northwest of Watonga on Airport Road were drilled …
Oklahoma Gov. Kevin Stitt calls it his Top Ten cabinet tour–a chance for Oklahomans to tell the state’s leaders about issues they want the government to focus on, whether it be energy, agriculture, transportation or more. He plans to hold four public meetings in the closing months of 2019 and said there will be more …
Kingfisher County, right in the heart of the STACK oil and gas play in Oklahoma experienced two strong earthquakes on Wednesday. The first measured 3.4 magnitude and the epicenter was west of Kingfisher. It struck around 5:30 p.m.. Three hours later, a 3.3 magnitude earthquake hit and the epicenter was southwest of the city of …