Dividend declared by Halliburton

An 18-cent-per-share dividend has been declared by Halliburton Company. The board of directors declared the dividend for the 2019 first quarter and stated it will be payable on March 27, 2019 to shareholders of record at the close of business on March 6, 2019. The company’s annual meeting of shareholders will take place on May …

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Massive increases reported of Oklahoma oil and gas tax revenues

The state government in Oklahoma reports General Revenue Fund collections for January came in nearly 9 percent higher than the monthly estimate. Gross Production Tax revenues from oil and gas were nearly 98 percent higher than the estimate. The Oklahoma Office of Management and Enterprise Services reported the oil and gas taxes totaled $77 million …

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Street light repairs in Tulsa carry costly bill totaling nearly $6 million

For those who think vandalism and accidents involing traffic lights on Tulsa city streets is a minor affair, TV station KOTV News on 6 reported this week the cost of replacing and repairing the lights has run nearly $6 million over the past four years. Here’s what the station found: Despite millions of dollars spent …

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NGL announces plan for redemption of $328 million in notes

  Tulsa-based NGL Energy Partners LP announced it’s called for the redemption of more than $328 million in outstanding senior notes. The company called for redemption of $328,005,000 aggregate outstanding principal amount of its 5.125% Senior Notes due this year. On March 15, 2019, the registered holders of the notes will get a redemption payment …

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Only 8 Senators opposed sweeping conservation bill and Oklahoma’s Senators were 2 of them

When the U.S. Senate passed what some call  the most sweeping conservation legislation in a decade this week, the vote was overwhelming—92 to 8.  And Oklahoma Senators Jim Inhofe and James Lankford were among the eight who opposed the measure. They were joined by Senators Cruz of Texas, Johnson of Wisconsin, Lee of Utah, Paul …

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AEP expands national energy holdings in $1 billion deal

American Electric Power, the parent company of Public Service Company of Oklahoma is expanding its energy reach in a more than $1 billion purchase of Sempra Renewables LLC. Sempra has 724 MW of wind and battery assets and is headquartered in Columbus, Ohio. AEP will pay $1.056 billion for Sempra’s wind assets. The deal includes …

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Government sues former AG candidate over death of 40,000 trees

He ran for Oklahoma Attorney General last year and lost and now finds himself sued by the federal government. Tulsa attorney Gentner Drummond is accused by the U.S. Army Corps of Engineers of spraying herbicide that killed more than 40,000 trees around Birch and Skiatook lakes in northeast Oklahoma. The lawsuit also filed against the …

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New leadership at CorEnergy

CorEnergy Infrastructure Trust, Inc., the Kansas City real estate investment trust that owns pipelines, storage terminals and transmission assets announced the promotion of three company executives. David Schulte added the role of Chairman of the Board of CorEnergy to his position as President and Chief Executive Officer as of January 1, 2019, as previously announced. …

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Engine manufacturer Cummins Inc. declares quarterly dividend

Cummins Inc. the big engine manufacturer based in Indiana but with a major facility in Oklahoma City announced a quarterly common stock cash dividend of $1.14 per share. The Board of Directors declared the dividend and stated that it will be payable on March 7, 2019 to shareholders of record on Feb. 22, 2019. Cummins …

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Midstates Petroleum will buy $50 million in shares through tender offer

  Midstates Petroleum Company, Inc.announced Wednesday the preliminary results of its tender offer to purchase for cash up to 5,000,000 shares of its common stock. The offer price was $10 a share and the offer ended Tuesday, February 12 at 5 p.m. New York City time. Based on the preliminary count by American Stock Transfer …

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