Dallas-based Holly Energy Partners, L.P. has declared a cash distribution of $0.575 per unit for the first quarter of 2016, That’s a 7.0% increase compared to the $0.5375 per unit distribution declared for the first quarter one year ago. In announcing the cash distribution, Holly Energy said it was reflective of the company’s strong and …
Texas based Halliburton, like many energy companies is reporting a drop in revenues in its latest quarterly information. The $4.2 billion in revenue for the first quarter of 2016 is a 17 percent decline compared to a 21 percent drop in the worldwide rig count. In releasing its figures, the company blamed “disruptive market conditions” …
Secretary of State John Kerry’s signing of the Paris international climate agreement this past weekend prompted Oklahoma U.S. Sen. Jim Inhofe to call it an agreement that President Obama cannot deliver his commitments. “His so-called Clean Power Plan, the centerpiece of his efforts, has been rejected by a bipartisan majority in Congress and lacks support …
The nation’s oil and gas rig count declined by another 9 in the past week while the count in Oklahoma and many surround energy-producing states remained unchanged. The national count fell to 431 with 8 fewer oil rigs and one less gas rig. The oil count fell to 343 while the gas rig count slipped …
