The Kansas City Southern Railway reported record revenues of $714 million for the second quarter of 2019. It was a 5% increase over the second quarter 2018 revenues. The company said the record revenues occurred even as carload volumes were flat compared to a year ago. Kansas City Southern Railway has extensive trackage throughout eastern …
From High Country News In early fall 2017, two Bureau of Land Management archaeologists drove to a Chevron oil and gas site in the dry grasslands of southeast New Mexico. The oil company had damaged a Native American archaeological site, and they needed to assess the situation. What they found raised thorny questions about what’s …
The Oklahoma Department of Environmental Quality has announced that the boil order for Little Axe School, located in Little Axe, Cleveland County, has been lifted. The water is now safe for human consumption. The order to boil water was issued due to the presence of E. coli. The order was issued for Little Axe School only and …
Electric vehicle drivers will be able to travel the entire 236-mile length of the Kansas Turnpike without ever having to exit to recharge their car’s batteries, thanks to the addition of “fast-charging” stations at the Topeka, Lawrence and Towanda service areas according to the Topeka Capital Journal. The announcement came during a news conference at …
Holly Energy Partners, L.P. announced a cash distribution of more than 67 cents a share for the second quarter of 2019. The Board of Directors of the Dallas-based company declared the distribution to be $0.6725 per unit compared to 66 cents a unit for the second quarter of 2018. Holly Energy has increased its distribution …
Oklahoma City’s Blueknight Energy Partners, L.P. announced its board of directors declared a quarterly cash distribution of 4 cents a share on the Partnership’s common units. It also declared a cash distribution of $0.17875 per unit on the Partnership’s preferred units. The second quarter distributions for both kinds of units remain unchanged from those paid …
A record-setting lateral measuring 3.4 miles in length has been drilled in the Permian Basin. Basic Energy Services, Inc., a firm with operations throughout Oklahoma’s STACK and SCOOP plays announced this week the record was set by one of its high-spec, 24-hour rig and equipment packages. The well was drilled in Wolfcamp A for Surge …
Schlumberger Limited has a new Chief Executive Officer. The Paris-based company’s board of directors appointed Olivier Le Peuch as CEO and member of the board effective Aug. 1, 2019. He will replace Paal Kibsgaard who will retire on the same date. Kibsgaard is stepping down after 22 years with the company including eight years as …
Oil prices rose Thursday following news that a U.S. Navy ship had shot down an Iranian drone in the Strait of Hormuz. Brent crude went up 0.9% at $64.24 a barrel while West Texas Intermediate futures were 0.6% higher at $57.1`2 a barrel. Observers say the steep increase in oil prices underscores the sensitivity of …
Cheniere Energy, the Houston firm building a huge natural gas pipeline from Kingfisher, Oklahoma south to the Gulf Coast plans to issue its earnings report for the second quarter 2019 on Thursday, Aug. 8, 2019. The report will be released prior to the opening of the market. Company management will host a conference call for …