April 12, 2019 archive

Cheniere Energy to release results in early May

Cheniere Energy, Inc., an active player in Oklahoma’s STACK and SCOOP plays plans to release its first quarter 2019 financial results on May 9. The release will be made before the market opens on that Thursday. Management will hold a conference call for investors and analysts at 10 a.m. Central Time to discuss the results. …

Continue reading »

Oklahoma’s status in rig counts drops behind New Mexico

Until now, Oklahoma normally would be the second highest oil and gas producing state when it came to rig counts, behind only Texas. But with the loss of 3 rigs, Oklahoma is down to 104, behind the state of New Mexico which dropped two leaving 105 active rigs in the past week. The Permian Basin …

Continue reading »

Environmental group claims New Mexico’s methane gas emissions are higher than EPA reports

The Environmental Defend Fund claims methane gas emissions are increasing in New Mexico because of the rapid growth of its oi land gas production in the Permian Basin located in the southeast part of the state. The group contends statewide emissions of the gas linked to global warming are five times higher than those reported …

Continue reading »

Tallest wind turbines in US going up in southern Texas

The newest wind farm being built inTexas by Duke Energy will not only produce 200 MW of electrical power but also have some of the tallest wind turbines in the country. Duke’s Mesteno farm will produce electricity for the Electric Reliability Council of Texas and be located in Starr County, deep in far southern Texas. …

Continue reading »

Full steam ahead for substitute railroad bill in Oklahoma legislature

A  bill targeting rail companies for blocking streets and intersections in Oklahoma wasn’t derailed in the legislature as some believed this week. It just took a different form before a different committee. After House Bill 2742 authored by House Speaker Charles McCall and Sen. Frank Simpson of Springer failed earlier in the week, they introduced …

Continue reading »

SEC filing shows mining safety order issued against Alliance Resource subsidiary

Tulsa’s Alliance Resource Partners, one of the largest coal-mining companies in the U.S. filed a safety violation report this week with the U.S. Securities Exchange Commission. The filing indicated the company’s operating subsidiary, Tunnel Ridge LLC received an imminent danger order on the morning of April 3 at the Tunnel Ridge mine.  It was made …

Continue reading »

Tallgrass Energy announces dividend and date to release earnings report

  The Kansas City based midstream company that transports oil from Wyoming and Colorado to the Cushing terminal in Oklahoma is announcing a dividend. Tallgrass Energy, LP announced the quarter cash dividend will total 53 cents a share for the first quarter of 2019. It will be paid to shareholders of record as of the …

Continue reading »

Anadarko Petroleum sold in $50 billion deal with Chevron

In a $50 billion cash and stock deal, Chevron Corporation has bought Houston-based Anadarko Petroleum Corporation. The purchase includes all of the outstanding shares of Anadarko in a stock and cash transaction. The $33 billion cash buy is $65 per share and Chevron will offer 200 million shares in return. Anadarko shareholders will receive 0.3869 …

Continue reading »

Blueknight Energy gets a new CFO

Oklahoma City’s Blueknight Energy Partners, L.P. has a new leader. Andrew Woodward has been named Chief Financial Officer and will officially start his new duties on April 29. “We are pleased to welcome Andrew to our team and believe his extensive experience in operations and finance will be invaluable to our executive leadership group going …

Continue reading »

Superfund meeting to be held in Bristow

  A public meeting will be held April 16 regarding the Environmental Protection Agency’s Superfund site in Bristow, Oklahoma. It will be held by the Oklahoma Department of Environmental Quality and the EPA at the Bristow Library at 5:30 p.m. Presentations will be made and information offered about the Superfund process, recent sampling events and …

Continue reading »