January 2019 archive

Anti-Keystone Pipeline group uses controversial video to raise money

The Native American activist at the center of the controversial video of a confrontation with students at marches in Washington, D.C. is known to some who are fighting the Keystone XL pipeline. And the fact that Nathan Phillips, a member of the Omaha Tribe was there playing a drum and chanting is being used by …

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Agreement means new pipeline to be built carrying Wyoming and Colorado crude to Cushing

Kansas City’s Tallgrass Energy, LP says it will work with Kinder Morgan, Inc. in development of a solution to increase the existing crude oil takeaway capacity in Colorado and Wyoming. A new pipeline carrying crude to Cushing will be built as part of the agreement. The two companies announced their plan will target the growing …

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Slowdown in the oil fields shows in 4Q earnings report by Halliburton

While income was up for Halliburton in the fourth quarter of 2018, its total revenue was down from the third quarter of the year. And the revenues reflected a soft quarter for operations in the U.S. and Canada. The company, which has major operations in Duncan and across Oklahoma announced total revenue was $5.9 billion, …

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Increased dividend declared by Phillips 66 Partners LP

Phillips 66 Partners LP announced an increased quarterly dividend of 84 cents a share. The company’s board of directors declared the fourth-quarter 2018 cash distribution to be $0.835 per common unit. It is a 5.4 percent increase over the third quarter 2018 distribution which was 79 cents and a 23.2 percent jump over the fourth-quarter …

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Circle K makes fuel changes at some of its stores

Instead of offering a variety of gasoline products at its stores in Missouri and Illinois, Circle says it will pump only Circle K fuel. The company said the Circle K fuel only will be at the 132 stores in the two states by the end of the month. The sites are primarily in the St. …

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Dividend declare by NGL Energy Partners LP

Tulsa’s NGL Energy Partners LP announced a 39 cent a share quarter dividend on company shares. It translates into a $1.56 per unit on an annualized basis for the quarter that ended Dec. 31, 2018. The distribution will be payable Feb. 14, 2019 to common unitholders of record at the close of business on Feb. …

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Swapping shares for a profit

How do you make money investing in energy stocks?  By the way Baker Hughes director Clarence P. Cazalot Junior did in the past several days. A Baker Hughes filing with the Securities and Exchange Commission reflected his purchase of 1,028 shares at $11.68 each which figured to a cost of $12,007. But on the same …

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ONEOK will release its 2018 earnings report in late February

Tulsa-based ONEOK, Inc. plans to release its fourth-quarter and year-end 2018 earnings report after the market closes on Feb. 25, 2019. Executive management will hold a conference call the next day, Feb. 26 at 10 a.m. Central Time. The company had a big third quarter 2018. As it reported in October, there was a 40 …

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OGE Energy Corp. prepares to release 2018 earnings report

The fourth quarter and year-end 2018 financial results for OGE Energy Corp. will be released in a few weeks. The company will hold a conference call to discuss the results at 8 a.m. Central Time on Thursday, Feb. 21, 2019. OGE Energy Corp. is the parent company of Oklahoma Gas and Electric and has nearly …

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State Treasurer cautions legislators about spending

Oklahoma’s new state treasurer Randy McDaniel is throwing words of caution to state legislators about moving ahead carefully to create any new state programs that would require additional funding. Writing in his first Oklahoma Economic Report, McDaniel suggested lawmakers should not move too quickly just because there is additional tax revenue this legislative session. “A …

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