Kansas City’s Tallgrass Energy L.P. announced a new project to support crude oil production in northern Colorado’s Weld County. The project is designed to move crude out of Wyoming and Colorado and eventually carry it to the Cushing hub in Oklahoma. The Hereford Project will include about 30 miles of new 12-inch pipeline near the …
Management at Tulsa’s Alliance Resource Partners, L.P., the coal company with oil and gas investments in Oklahoma’s Anadarko basin plans to reach out to potential investors. Brian L. Cantrell, Senior Vice President and Chief Financial Officer will make a presentation at the upcoming 2019 MLP and Energy Infrastructure Conference in Las Vegas, Nevada. His presentation …
“The first quarter was absolutely an outstanding one for a new Devon.” Dave Hager, President and CEO. The first quarter results for Oklahoma City’s Devon Energy obviously impressed President and CEO Dave Hager. Speaking to investors and analysts on Wednesday, he made it clear what he thought of the earnings report. “The first quarter was …
Refinery operator Holly Energy Partners, L.P. reported first quarter 2019 net income of $51.2 million or 49 cents per basic and diluted limited partner unit. It was an increase from the $46.2 million or 44 cents per unit reported in the first quarter of 2018. Distributable cash flow from its operations in Tulsa, Oklahoma, El …
ConocoPhillips announced on Wednesday it had approved a dividend for stockholders. The dividend of 30.5 cents per share will be payable June 3, 2019 to stockholders of record at the close of business on May 13, 2019. ConocoPhillips is the world’s largest independent E&P company based on production and proved reserves. Headquartered in Houston, Texas, …
Oklahoma City’s Continental Resources Inc. revealed in a SEC filing this week it is paying tens of millions of dollars to settle a class-action that alleged underpayment of royalties in Blaine County, Oklahoma. The suit was filed in 2010 by Billie J. Strack and Daniela A. Renner as trustees of named trusts. The suit alleged …
OGE sent out another proxy statement notification to shareholders this week about the upcoming May 16 annual meeting. It reminded shareholders of the time and place of the annual meeting and urged them to vote to elect 10 members of the board of directors. The proxy did not include the names of the 10 …
ONEOK reported a 27 percent increase in first quarter 2019 net income to $337.2 million. The Tulsa-based company said it resulted in an 81-cent distribution per diluted share. In announcing the results this week, the company said it also saw a 12 percent increase in adjusted EBITDA reaching $637.5 million. its first-quarter operating income totaled …
Devon Energy posted better than expected first-quarter 2019 earnings and also reported increased oil production. The company reported a 24 percent increase in light-oil production compared to the first quarter of 2018, reaching 138,000 bbl/day. The result was 8,000 barrels a day better as the company also saw a 76 percent surge in Delaware Basin …
Oklahoma City’s Mammoth Energy Services, Inc. has declared a cash dividend of $0.125 per share to stockholders. The Board of Directors declared it will be paid May 17, 2019 to stockholders of record as of the close of business on May 10, 2019,. The dividend was declared after Mammoth announced total revenue of $278.2 million …