Oil patch jobs take a more than 12% plunge in Oklahoma

While new jobless figures for Oklahoma show the December 2019 jobless rate stayed at 3.4% from November, the numbers in the oil and gas industry were showing dismal signs of the energy slowdown. The state’s jobless rate compared to 3.5% for the U.S. and showed 62,990 out of Oklahoma’s workforce of 1,846,283 were out of …

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Energy news in brief

**  Baker Hughes  announced that the Baker Hughes Board of Directors declared a cash dividend of $.18 per share of Class A common stock payable on February 14, 2020 to holders of record on February 3, 2020. ** North Dakota regulators signal they will not impose conditions beyond those required by the federal government on a plan to double the capacity of the Dakota …

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Rig count slips nationally—holds steady in Oklahoma

The latest oil and gas rig figures from Baker Hughes show the U.S. count dropped slightly in the past week while the number of rigs in Oklahoma remained steady. The national count dropped by two to 794. A breakdown showed the number of oil rigs rose by three to 676 while the number of gas …

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Charges dismissed against Dakota Access pipeline protester

A Dakota Access pipeline protester hit with a charge three years after the 2016 demonstrations in North Dakota has been freed of the charges. A judge and prosecutors agreed the charges against Lawrence Malcolm Jr. had been filed past a two-year statute of limitations. Prosecutors had accused the Sisseton, South Dakota man of being part …

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Oilman’s Houston home sale price cut by $5 million

The Houston Chronicle reports the River Oaks home of energy mogul and legendary wildcatter Gene Van Dyke has seen a series of price reductions over the past several years. The latest?  More than $5 million. It hit the market at $14.5 million in 2013 but was temporarily removed and then re-listed in 2016 for $10.5 million, according to …

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More testimony is heard in lawsuits over deadly well fire

Houston’s National Oilwell Varco continues putting on witnesses in defense of lawsuits filed over the January 2018 well explosion and fire that killed 5 workers at a gas rig site near Quinton, Oklahoma. The trial started earlier in the month in Pittsburg County District Court in McAlester. Here is how the McAlester News Capital reported …

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Tallgrass leadership to remain mum about quarterly results

  The company will release the results on Wednesday, February 12, 2020. However, Tallgrass leadership will not hold a conference call to discuss the results. The conference call issue was part of the merger agreement with Blackstone Infrastructure Partners. As part of the agreement, Tallgrass also agreed not to pay dividends until the merger is …

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Dividend declared by NGL Energy Partners

  NGL Energy Partners LP in Tulsa  announced that the Board of Directors of its general partner has declared a quarterly distribution of $0.39 per unit, or $1.56 per unit on an annualized basis, for the quarter ended December 31, 2019 . This cash distribution is payable on February 14, 2020 to common unitholders of …

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State loans millions of dollars to towns for water improvements

Millions of dollars have been approved this month for loans to small towns across Oklahoma to make water improvements. One of the largest loans totaled $2,359,000 to the Roland Utility Authority in Sequoyah County in eastern Oklahoma. The loan was made by the Oklahoma Water Resources Board’s Oklahoma Drinking Water State Revolving Fund. City leaders …

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Obama’s WOTUS is repealed

The fight over the Obama-era Waters of the United States rule, the one fought by Oklahoma farmers and ranchers and the state’s congressional delegation might be finished. The release of the new WOTUS rule by the Environmental Protection Agency drew some hearty support from Oklahoma U.S. Sen. Jim Inhofe and Rep. Frank Lucas who at …

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