February 11, 2019 archive

SEC filing by Chesapeake Energy

A new filing with the U.S. Securities Exchange Commission by Oklahoma City-based Chesapeake Energy reflects ownership of company shares by The Vanguard Group. The filing showed the Group, based in Malvern, Pennsylvania owns 8.81% of the company shares totaling 80,569,098 that are beneficially owned. Vanguard owns 457,323 shares with a sole voting power and another …

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Democrats to hold another climate hearing

Oklahoma Congressman Markwayne Mullin and other Republicans on the House Energy and Commerce Committee have an idea where Democrats want to go when another hearing is held Tuesday. The nation’s climate. This time, the Democratic leadership of the 55-member committee wants to explore what it calls “wasted energy.” The hearing is entitled “Wasted Energy: DOE’s …

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Gasoline prices increase in Oklahoma and surrounding states

Gasoline prices rose in the past week in the U.S. and in Oklahoma where some places saw increases of 9 cents a gallon. AAA Oklahoma reports the state’s new average price is $1.99 which is 5 cents higher than last week at this time. The national average is $2.28 which also rose 2 cents per …

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Energy industry goes on the defense in New Mexico

The oil and gas industry and its supporters in New Mexico might take a cue from Thunder star Russell Westbrook when it comes to dealing with new legislative bills they fear will end up harming investments in the state. They’re forced to be on the defensive as the Texas Energy Report indicated this week. Bills, …

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Phillips 66 Partners indicated 4Q was strong with increased earnings

Leaders of Phillips 66 Partners LP described their fourth quarter 2018 as a “strong quarter” with reported earnings of $221 million and adjusted earnings of $309 million. The $221 million in earnings translated to $1.09 per diluted common share. The $309 million in adjusted earnings compared to $305 million in the third quarter of 2018. …

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NGL reports huge 3Q net income

Tulsa’s NGL Energy Partners LP reported nearly doubling its net income for the quarter ended December 31, 2018.  The income totaled $110.5 million compared to the $56.8 million in net income reported at the end of 2017. Adjusted earnings for the third quarter of Fiscal 2019 were $132.6 million, a nearly $10 million increase over …

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They want to tax rainfall?

Maybe this story should be under the “You won’t believe this” category. In the state of New Jersey, some legislators are pushing for a “rain” tax and it will be based on the amount of concrete at a home or business. New Jersey is already one of the highest-taxed states in the nation and now …

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Cyber security conference to be held at OBU in Shawnee

OBU will be hosting the Oklahoma Information Security Tour Wednesday, Feb. 13, on the University’s Shawnee campus. The event is hosted by OneNet along with Alias Forensics. Alias Forensics held a similar event, a CyberSecurity conference, on the OBU campus in October 2017. The event is free and the public is invited to attend. The …

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Texas energy group calls Green New Deal “a bad deal for Texas”

The Green New Deal offered by Democrats last week continues drawing fiery responses from the energy industry. The group Texans for Natural Gas issued a statement calling it the “latest attempt from radical environmentalists to halt oil and gas production with unsubstantiated claims and scare tactics.” “The Green New Deal is a bad deal for …

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SEC filing by Mammoth Energy Services

Oklahoma City-based Mammoth Energy Service Inc. has filed documents with the U.S. Securities and Exchange Commission showing an amendment to a previous filing concerning shares and values. The filing on Monday amended the original filing madeFeb. 8 and was a Form SC 13G/A which applied to the 21,78,893 shared voting power.