The Oklahoma Aerospace Forum scheduled for Tuesday in Oklahoma City will feature former Oklahoma congressman Jim Bridenstine who is now head of NASA. He and U.S. Rep. Steve Russell will be speakers during the day long event at the Skirvin Hotel. Bridenstine will speak at 11:15 a.m. while Congressman Russell will deliver the closing remarks …
The former managing director and vice chairman of a Swiss bank was sentenced to 10 years in prison Monday, after previously pleading guilty for his role in a billion-dollar international scheme to launder funds embezzled from Venezuelan state-owned oil company Petróleos de Venezuela, S.A. (PDVSA). Assistant Attorney General Brian A. Benczkowski of the Justice Department’s …
The Mayes County man who sued 5 years ago to stop a gravel operation on Saline Creek says it’s time the Ozark Materials River Rock Company shut down the operation. Earlier this month, the U.S. Supreme Court declined to hear the company’s appeal following a ruling by the Denver Federal Appeals court upholding David Benham’s lawsuit. …
Even as a Phillips 66 Partners pipeline is under construction the Permian Basin, the company is expanding its capacity. The company announced it will expand the Gray Oaks crude pipeline to 900,000 b/d because of the strong demand to move Permian crude to the US Gulf Coast. “The Partnership is constructing the Gray Oak Pipeline, …
Houston’s Cheniere Energy Inc., the nation’s biggest buyer of gas has asked the U.S. Federal Energy Regulatory Commission for authorized to begin construction on the $1 billion Midship natural gas pipeline in Oklahoma. The company made the request on Friday as it wants to start work on the 234-mile pipeline in three segments, hoping to …
Houston’s Cheniere Energy Partners, L.P., the company awaiting approval to build a $1 billion pipeline in Oklahoma’s STACK and SCOOP plays has declared a third quarter cash distribution. The distribution amounts to 58 cents per share or $2.32 on an annual basis and applies to unitholders of record as of Nov. 5, 2018. The distributions …
A third-quarter cash dividend has been declared by Alliance Resource Partners, L.P. in Tulsa. The board of directors of ARLP’s general partner declared a dividend of $0.525 per unit which figures to an annualized rate of $2.10 per unit. It will be payable on Nov. 14 to all unitholders of record as of the close …
Oklahoma City’s Blueknight Energy Partners, L.P., the company with millions in oil storage at the Cushing Hub as well as asphalt operations in 26 states plans to release its third quarter 2018 financial results on Wednesday, Oct. 31. The company will make the results known after the close of markets, then hold a conference call …
West Texas was shaken by two earthquakes over the weekend, each in the Permian Basin where there has been massive oil and gas exploration. The first measured 2.9 magnitude and occurred early Saturday morning at 2:49 near the town of Coyanosa, which is located about 66 miles west of Odessa, Texas. The U.S. Geological …
The number of oil and gas rigs remained at 141 in Oklahoma in the past week compared to the previous week. Nationally, the count increased by one to reach 1,068. The national count saw a growth of 2 more oil rigs to reach 875 while the number of gas rigs fell by one to land …