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 …
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 …
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 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 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 …
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 …
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 …
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 …
The Oklahoma Department of Environmental Quality (DEQ) announced the two winners of the specialty tag voting. The public chose the American Bison grazing in an Oklahoma prairie and the Oklahoma sunset over a field of flowers. The specialty plates will be available for purchase later this year. Voting began on January 8 and ran until January 19. Over …
A slight improvement in Oklahoma’s unemployment rate for December 2017 was reported Tuesday by the Oklahoma Employment Security Commission. At the same time, they also reflected a slight drop in employment in Oklahoma’s energy sector. The seasonally adjusted rate declined 0.1 percentage point to 4.1 percent in December while the U.S. jobless rate held steady …