With operations in Oklahoma as well as a subsidiary plant in Oklahoma City, National Oilwell Varco, Inc. announced a 5-cent a share dividend this week. The Houston-based company said its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock to be payable on June 28, 2019 to each …
Tulsa-based NGL Energy Partners LP announced its net income for the quarter that ended May 31 was $43.2 million including the $107.9 million gain on the sale of its South Pecos water disposal business. It’s also seeing a cut in company debt. Net income for Fiscal 2019 was $339.4 million compared to a net loss …
The spread of the flooding over northern and eastern Oklahoma is hard to imagine, unless you see ‘before’ and ‘after’ pictures. News on 6 in Tulsa showed the scale of the flooding as indicated in pictures taken by Aerial Data Service Inc. Pictures taken by the company were from 8,000 feet. Aerial Data Service, Inc. …
ONEOK, Inc. has made some changes in its $2.5 billion revolving credit agreement. In a filing with the Securities and Exchange Commission, the Tulsa-based company revealed an amendment and extension agreement with Citibank, N.A. . The company had previously made the credit agreement in April 2017 but this week extended the maturity date of the …
Another Securities and Exchange Commission filing by Chesapeake Energy Corporation was made this week. The latest showed an acquisition of 50,000 shares by James R. Webb who is the company’s Executive Vice President and General Counsel. The shares were valued at $1.9602 each and the acquisition gave Webb total ownership of 1,439,322 shares in Chesapeake …
Newly-released city and county jobless rates show the number of those employed in the oil and gas industry dropped in Oklahoma City and held steady in Tulsa. The Oklahoma Employment Security Commission reported overall unemployment rates for April were lower in 75 of Oklahoma’s 77 counties. The rates were up in the remaining two counties. …
The Oklahoma Corporation Commission is being urged by the Oklahoma Sierra Club and OGE customers to reject the company’s ongoing rate case. “We need to invest in low, zero-carbon resources for power generation,” said Johnson Bridgwater, director of the Oklahoma chapter of the Sierra Club. “We immediately need to stop investments in coal plants backed …
Oklahoma City-based White Star Petroleum LLC announced it is entering Chapter 11 bankruptcy protection. The firm’s filing indicated it has liabilities at nearly $500 million while assets total between $500 million and $1 billion. The filing came after five creditors filed an involuntary Chapter 11 case without notice against White Star last week in Oklahoma …
A new report in Texas shows the state’s oil production is still breaking records as prices improve while there has been a decline in the Texas Petro Index. The TPI is similar to the Energy Index in Oklahoma and is based on such things as rig count, drilling permits, well completions and employment. The latest …
The round of severe weather Tuesday afternoon and evening in Oklahoma prompted authorities in several towns and cities to sound their tornado sirens. Fortunately, it was only circulation and possible funnel development in the storms as emergency management officials took no chances. In the end, there were no tornadoes that occurred Tuesday in the state. …