Blueknight Energy Partners, L.P. in Oklahoma City announced its first quarter earnings totaled $3.8 million in net income, a drop from the $4.4 million reported a year earlier. The company blamed the drop in income on $300,000 in flood damage to one of its asphalt operations and a $800,000 change in the estimate of the …
Tulsa-based Williams announced its board of directors approved a regular dividend of 38 cents a share. It figures to be $1.52 annualized on the company’s common stock and will be payable on June 24, 2019 to holders of record at the close of business June 7, 2019. The company stated that the 38-cent-a-share dividend is …
San Antonio-based NuStar Energy L.P., one of the nation’s largest independent liquids terminal and pipeline operators announced it will sell its St. Eustatius Terminal in a $250 million deal with Prostar Capital. NuStar has 9,800 miles of pipeline and 75 terminal ans storage facilities including 24 tanks with a storage capacity of 340,000 barrels at …
From earthquakes to legislative issues to frac hits, it’s what will be discussed when the Oklahoma Energy Producers Alliance holds its annual meeting later this month in Oklahoma City. The event will be held Friday, May 31 at the Will Rogers Theater. The day will begin with a welcome by Dewey Bartlett, Jr. then …
Anadarko Petroleum’s coughing up a $1 billion penalty for breaking off a deal with Chevron and moving ahead to take Occidental Petroleum’s $38 billion offer. Anadarko Petroleum announced it has entered into the definitive merger agreement with Occidental under which Occidental will acquire all of the outstanding shares of Anadarko for $59 cash each and …
An investigation by News 9 TV in Oklahoma City recently showed the impact the wind farm industry is having on Air Force training bases. As reporter Alex Cameron learned during a flight in a T-38 fighter jet out of Sheppard Air Force Base in Wichita Falls, Texas just across the Red River, pilots have to …
Oklahoma Gas and Electric’s Silver Energy workers recently swept through south Oklahoma city and weatherized the homes of more than 170 senior citizens. Seventy-five volunteers and contractors caulked windows, sealed air ducts, insulated attics and installed energy saving LED light bulbs in the homes of 18 senior customers. The Silver Energy Sweep initiative began in …
As Houston’s Marathon Petroleum continues oil and gas exploration in Oklahoma’s STACK where it reported success this week with a large well, the company is merging two of its oil and gas pipeline, transportation and storage operations for $9 billion. The company announced this week the merger of MPLX and Andeavor Logistics which are master …
When the Oklahoma Corporation Commission votes later in the month on OGE’s nearly $78 million rate hike request, it will be met with a protest rally to be held by the Sierra Club. The group is among those opposed to the utility’s request that was filed to recover costs after $534 million in emissions improvements …
Chevron Corporation announced Thursday it won’t increase the $33 billion or $65 a share offer to acquire Anadarko Petroleum Corporation. It will also not offer a counterproposal and plans to let the four-day match period expire, making way for Occidental to buy Anadarko with a $38 billion or $76 a share offer. Chevron indicated it …