August 21, 2016 archive

Williams Announces Quarterly Dividend

The Williams Companies Board of Directors approved a regular dividend of $0.20 on the company’s common stock, payable September 26, 2016 to holders of record at the close of business September 9, 2016. Tulsa-based Williams has paid a common stock dividend every quarter since 1974, according to a company press release.

Oklahoma Corporation Commission Responds to Recent Seismic Activity

In response to last week’s earthquakes in Lincoln County, the Oklahoma Corporation Commission on Friday announced two disposal wells must shut down while 19 other wells must reduce wastewater disposal well operations. New Dominion LLC’s B. Smith 31 well and Hulen Operating Co.’s Threatt 18-3 well were within 3 miles of eight small-magnitude earthquakes that rocked the …

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Baker Hughes: U.S. Active Rig Count Ascends by Ten

The number of active U.S. rigs rose for the eighth week in a row, according to the Baker Hughes rig count released on Friday. The U.S. rig count rose by 10 to reach 491 active rigs after hitting a record low of 404 in May. Overall, the U.S. is down 394 rigs from last year’s …

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OGE Exercises Right of First Offer to Acquire CenterPoint Interest in Enable

OGE Energy Corp. said Friday it exercised its right of first offer to increase the utility’s stake in Enable Midstream Partners LP along with an unnamed third party, according to a report in The Oklahoman. OGE Energy currently holds a 26.3 percent limited partnership interest in Enable. The offer comes after Houston-based CenterPoint Energy Inc. …

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Arkansas Files Cease & Desist Against Texas Wind Turbine Maker

The Arkansas Securities Commissioner filed a cease and desist order on Thursday against a Texas-based company that makes wind farm turbines. The Commission said that Dragonfly Industries of Frisco, Texas, and its CEO Jody Davis committed securities fraud. The Commission alleges Dragonfly sold three investment contracts that were not registered; that Davis failed to tell …

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