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Williams to Release Earnings Report February 14
Shareholders of Williams and Williams Partners will learn financial results for 2017 in a few weeks. The Tulsa-based company announced Wednesday the year-end financial results will be released after the market closes Wednesday, Feb. 14, 2018. It will also host a joint question and answer session on Thursday, Feb. 15 at 8:30 a.m. Central Time. …
Blueknight Energy Announces Quarterly Distribution
Blueknight Energy Partners, L.P. in Oklahoma City announced Wednesday a quarterly distribution on the Partnership’s common units of $0.1450 per common unit. The Oklahoma City-based company said the declaration was made by the board of directors. But the distribution was unchanged from the third quarter 2017 distribution announced by the midstream company. The distributions will …
Quarterly Distribution Announced by NGL Energy Partners
NGL Energy Partners in Tulsa announced Wednesday its Board of Directors declared a fourth quarterly distribution of $0.39 per unit. The Company said it would translate into a distribution of $1.56 per unit on an annualized basis. The quarterly distribution will be payable on February 14, 2018 to those common unitholders of record at the …
Commissioner Suggests Other State Agencies Could Learn from Corporation Commission
While Oklahoma leaders wrestle with a $30 million mismanagement being investigated at the State Health Department, Corporation Commissioner Dana Murphy is suggesting maybe other state agencies could take a lesson from what the Corporation Commission has successfully done. Writing in The Oklahoman on Wednesday, Jan. 24, Murphy said the Commission’s 2013 decision to ask the …
SandRidge Energy Says No to Icahn’s Latest Demands
SandRidge Energy leaders are telling activist investor Carl Icahn they will not make changes in the board of directors as he has demanded. And they oppose his efforts regarding a poison pill effort to take control of the company. The company announced its decision in a statement and letter to shareholders. “After careful deliberation, the …
Devon Energy Converts to New Accounting Method
Devon Energy announced it made accounting method changes in the fourth quarter of 2017. As it prepares to release fourth quarter and full-year revenues, the company said it converted from the full-cost methodology to successful efforts. “The conversion to successful efforts accounting is one of many shareholder-friendly initiatives underway at Devon,” said Jeff Ritenour, chief …
Oklahoma Supreme Court Rules in 2014 Oilfield Death Case
The same week 5 workers died in a gas drilling rig explosion in Pittsburg county in Oklahoma, the State Supreme Court ruled oil and gas companies can be sued when a worker is killed or hurt on the job. The ruling came in another fatal well-site accident near Crescent and centered on whether a sub-contractor …
Revenues Increase for Baker Hughes in 4Q
Baker Hughes is reporting fourth quarter revenues of $5.8 billion, an increase of 7 percent for the quarter but a decline of 3 percent for the year. The Houston, Texas based company with extensive operations in Oklahoma described its results as “growth in our shorter-cycle businesses and declines in our longer-cycle businesses.” The firm had …
Deadly Gas Well to be Plugged as OCC Probes Cause of Explosion
An initial incident report by the Oklahoma Corporation Commission and its probe of the deadly gas-rig explosion near Quinton indicated no cause as of yet. Released under the Oklahoma Open Records law, the OCC report stated the well will be plugged as the investigation continues. “Kill well with heavy drilling mud,” recommended investigator Curtis Hope …
Oklahoma’s Gasoline Prices Rose 3 Cents in Past Week
Oklahoma remains in the top ten for the cheapest gasoline in the country, but not by much. The state’s new weekly average of $2.35 a gallon was 3 cents higher than a week ago and ranks Oklahoma 9th cheapest in the U.S. according to AAA Oklahoma. The average compares to a national average of $2.54, …