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And you thought maybe we would have a cool summer? ha ha
Yes, the mild almost fall-like weather we experienced in the past week has fled the state. No, it scurried out of Oklahoma. Mother nature was just playing a dirty trick on us—-teasing us. It’s quickly been replaced with the really hot 100s. And the Oklahoma Mesonet indicates the hot weather won’t make a …
Texas regulators launch investigation into latest series of dozens of Permian Basin earthquakes
A series of more than 60 earthquakes, including one that measured 5.1 magnitude in the past several days in the Permian Basin of west Texas prompted a new investigation by state regulators. The Texas Railroad Commission specifically is looking into salt water disposal wells and whether they, like earthquakes in recent years in …
Retirement of board member announced at Alliance Resource Partners in Tulsa
A change has been made on the Board of Directors at Tulsa-based Alliance Resource Management. The general partner of the Partnership announced that John H. Robinson planned to retire from the board of directors at the end of the year. Concurrent with the notice of his retirement, Mr. Robinson stepped down from his …
OERB’s PetroTech program to offer classes for those wanting to enter oil and gas industry
The Oklahoma Energy Resources Board plans on fall classes under its PetroTech program which officers technical training for those interested in pursuing a career in Oklahoma’s oil and natural gas industry. The OERB also says the classes can also be used to gain new skills for those already employed in the industry. The deadline …
Mammoth Energy set to release earnings report
Mammoth Energy Services, Inc. plans a release of its second quarter financial results in early August and it comes just days after the Oklahoma City company announced a $188 million settlement with Puerto Rico over unpaid 2017 Hurricane Maria power restoration work. Mammoth will release the earnings report before the market opens on …
Judge is asked to approve settlement of 2013 crude oil pipeline leak in Arkansas
Eleven years after an ExxonMobil pipeline burst in Arkansas and resulted in a huge oil spill, federal and state officials are asking a judge to approve a $1.75 million settlement. It was in 2013 when the Pegasus pipeline leak occurred in Mayflower, sending tens of thousands of gallons of heavy crude oil into streams …
Energy Transfer says latest dividend showed growth from a year earlier
A quarterly cash distribution of 32 cents a share or $1.28 on an annualized basis has been announced by Energy Transfer LP, the Dallas-based company with 130,000 miles of pipeline, including in Oklahoma. The company’s dividend for the second quarter that ended June 30 will be paid August 19 to unitholders of record …
OGE urges customers to take advantage of its assistance programs
Even as the company seeks back to back rate hikes, Oklahoma Gas and Electric is encouraging customers who have difficulty in meeting their monthly bills to take advantage of the company’s assistance program. In a weekend release, OG&E said the arrival of summer heat has resulted in some of its customers, including seniors, …
NGL investors wonder if quarterly earnings will improve over last quarter’s big loss
After finishing its fiscal year 2024 with a fourth quarter net loss of nearly $237 million, NGL Energy Partners LP plans a quarterly release in August. It’s a release that investors are probably anxious about as they wonder if there will be signs of improvement. The release on Thursday, Aug. 8 will be …
Vital Energy joins Northern Oil and Gas in $1.1 billion acquisition of more holdings in Permian Basin
Tulsa’s Vital Energy, Inc. just expanded its Permian Basin holdings in partnership with Northern Oil and Gas, with an all-cash $1.1 billion acquisition of the assets of Point Energy Partners, a Vortus investments portfolio company. The announcement indicated the deal “will significantly increase the company’s operational scale and footprint in the Delaware Basin and …