Author's posts
Quarterly distribution declared by NGL Energy Partners
Shareholders in Tulsa’s NGL Energy Partners LP are getting a quarterly distribution. Depending on what kind of units they hold, the shareholders will get a distribution ranging from 56 to 59 cents per share for the quarter ending June 30, 2019. The holders of the Partnership’s 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual …
Gov. Stitt to lead Oklahoma delegation to Paris Air Show
The foreign direct investment team with the Oklahoma Department of Commerce announced the state’s participation at the upcoming Paris Air Show taking place outside of Paris, France, June 17-23, 2019. The delegation will be led by Oklahoma Governor Kevin Stitt and other dignitaries including: • James Inhofe, United States Senator from Oklahoma • Sean Kouplen, Oklahoma …
Oil and gas rig counts are showing signs of the industry being unsteady
The nation’s rig count continues to show more signs of weakness as numbers dropped by 6 to 969 while Oklahoma remained steady in the past week. The industry is unsure of the future. The national count included a loss of one more oil rig to a final count of 788 while the number of gas …
Murphy Oil seeks new investors at NY conference
One of the presenters at an upcoming J.P. Morgan Energy Equity Investor Conference in New York will be Murphy Oil Corporation. Roger W. Jenkins, President and Chief Executive Officer of the company based in El Dorado, Arkansas will make the presentation as the firm seeks new and additional investors. The conference will be held Tuesday, …
Leadership at OKC’s Roan Resources announce the company’s alive and well
Roan Resources, Inc. in Oklahoma City announced it is positively updating guidance for the second quarter of 2019 after speculation mounted that the company had suffered financially. In an announcement on Friday, the company stated that it anticipates second quarter production to exceed 50 thousand barrels of oil equivalent (MBoe) per day, which compares to …
State Regulators to consider rules to enforce blocked railway crossing law
A new law giving law enforcement officers the power to issue citations to railway companies for blocking street intersections will be taken up June 20 by the Oklahoma Corporation Commission. House Bill 2472 was signed into law last month by Gov. Kevin Stitt and it carries up to a $1,000 fine for a train operator …
Oklahoma midstream operator finishes expansion of Gulf Coast terminals
Howard Energy Partners, a San Antonio based company with midstream assets throughout Oklahoma has finished expansions of its bulk liquid terminal operations in Port Arthur and Corpus Christi, Texas. The company started operating the terminal facilities in 2014 and has completed an increase of capacity to 2.6 million barrels with three ship docks, three barge …
Power deals reached over new southern Oklahoma wind farm
Minnesota-based ALLETE Clean Energy announced it has reached a power sales agreement for the remaining output of its Diamond Spring wind farm to be built in southern Oklahoma. The agreement is with Smithfield Foods, Inc. and comes after an earlier announcement of agreements with Walmart and Starbucks, two large Fortune 500 companies. Smithfield will purchase …
ATT customers in Oklahoma to a shock when they open their next phone bill
Customers of ATT in Oklahoma will be getting a shock in the mail soon. Their contribution to finance the Oklahoma Universal Service Fund will increase nearly 5 times effective July 1. ATT recently notified the Corporation Commission of its intent to raise the OUSF rate from the current 75 cents a month to $3.91 …
State lays out jobless benefits for storm and flood victims
The Oklahoma Employment Security Commission has started taking applications for Disaster Unemployment Assistance in seven more counties hit by severe weather and flooding last month. Under Presidential Disaster Declaration (FEMA-4438-DR) amended 6-11-19, workers who lost their jobs and self-employed individuals who have been unable to work due to the disaster in Delaware, Kay, Mayes, Okmulgee, …