Months after former Oklahoma oil distributor Jack Jim Clark pleaded guilty to stealing $10 million in a tax scheme, one of his homes, a more than 11,000 square foot mansion will be sold at auction this week in Oklahoma City. The home at 11,600 Mill Hollow Court was seized by the Internal Revenue service and …
Thanks to the continuing rainfall, very little of Oklahoma is experiencing dry conditions and the state is free of any reported drought conditions. Gone are the dry and dusty roads. Instead energy workers in the state are dealing with muddy roads as they travel to wind farms, well sites and electrical repair sites. The latest …
Whether they’re working on construction of a wind farm, drilling an oil and gas well or repairing electrical power lines, energy workers in Oklahoma will find a colder and wetter winter coming ahead. It’s the prediction of KWTV Chief Meteorologist David Payne who says we will definitely get more snow over the next four to …
Tulsa-based ONEOK’s declared a dividend for the third quarter of the year. The board o directors approved the dividend of 85.5 cents per share which results in an annualized dividend of $3.42 a share. The dividend will be payable Nov. 14 to shareholders of record at the close of business Nov. 5, 2018.
Half a dozen towns along Interstate 70 in Colorado are getting solar energy operations. Pivot Energy and Standard Solar, two leading national solar companies are behind the 10.3 megawatt projects that will provide power to towns, school districts and low income housing authorities. Standard Solar will finance, own, and maintain the six community solar gardens …
Tulsa-based Cypress Energy Partners, L.P. is reporting a 21-cent a share third quarter cash distribution. The company’s board of directors okayed the distribution which is unchanged from the second quarter of 2018. The distribution will be payable on Nov. 14, 2018 to all unitholders of record on Nov. 7, 2018. When the second quarter distribution …
One of the operators in the STACK and SCOOP plays of Oklahoma, Nine Energy Service has finished its acquisition of Magnum Oil Tools International, LTD. Nine Energy bought the company in a $493 million deal including a combination of nearly $334 million in cash as well as 5 million shares of Nine common stock. Magnum’s …
Third quarter earnings were up for Houston’s Phillips 66 as the company reported earnings of $1.5 billion, up from the $1.3 billion reported in the second quarter of the year. The company said excluding special items of $36 million in the third quarter, its adjusted earnings were $1.5 billion. “We demonstrated the value of our …
Devon Energy is reporting success in Oklahoma’s STACK play with three wells in Blaine County including one with production of nearly 2,200 Barrels of oil a day. Devon also reported six new wells in Kingfisher county. The largest well was the Coyote 3_10-16n-12w 1hx located at 3-16N-12W or about 4 miles north of Watonga near …
Governor Mary Fallin today welcomed the announcement by Rural Sourcing, the leading provider of U.S.-based information technology outsourcing services, that it will open a development center in Oklahoma City. The center will create 150 software development jobs that will provide solutions to Real Sourcing’s Fortune 1000 and technology clients. This decision equates to a more …