Dividend declared by Baker Hughes

Baker Hughes, a GE company (NYSE:BHGE) announced today that the BHGE Board of Directors declared a cash dividend of $.18 per share of Class A common stock payable on August 24, 2018 to holders of record on August 14, 2018. The dividend will be funded by a distribution of $.18 per unit from Baker Hughes, …

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Keeping a fertilizer plant ‘healthy’ in Enid

-EFT Analytics, a software and energy management solutions provider, is deploying a real-time monitor that is producing exceptional outcomes at a Koch Fertilizer plant in Enid, Oklahoma. Over the course of 10 weeks, EFT collaborated with plant engineers from Koch to understand previous undesirable plant behaviors, so they could identify precursors to potential unplanned events …

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Rig counts drop nationally but hold steady in Oklahoma

While Oklahoma’s rig count remained at 137 in the past week, the national count slipped by 4 to 1,044 according to various rig-reporting companies. Oklahoma’s count compares to 132 reported a year ago. Nationally, the count included a drop of 2 oil rigs to 859 while the number of gas rigs slipped 3 to reach …

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Enbridge unloads $1 billion in Oklahoma and Texas operations

Canada’s Enbridge Inc. announced this week the closing of two $1 billion divestment deals and one involves operations in Oklahoma. The company sold its Midcoast Operating LP and subsidiaries in a $1.1 billion cash deal involving its U.S. natural gas and natural gas liquids gathering, processing and transportation serving basins in Oklahoma, Louisiana and Texas. …

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Midstates reports loss in 2Q but increase in oil production

Midstates Petroleum based in Tulsa reported its second quarter operations saw an increase in oil production but also a $1.5 million net loss or 6 cents a share. Net income a year earlier totaled $13.7 million or 53 cents a share. The net loss for the second quarter compared to the $4 million in net …

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Continental Resources hits 3 major gas wells in Blaine County

The past week saw new wells reported in a variety of counties in Oklahoma including 7 in Blaine County, one of the three major counties making up the STACK play. Continental Resources reported three of those in Blaine County and revealed significant gas wells in a zone near Geary and Hydro. Information on the wells …

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Successor named to State Emergency Management Director who is retiring

 Governor Mary Fallin on Thursday announced she is appointing Michelann Ooten to serve as director of the Oklahoma Department of Emergency Management (OEM).  Ooten, the agency’s deputy director, will replace Albert Ashwood, the nation’s longest-tenured state director, who is retiring Aug. 31. Ooten has 17 years of experience with OEM, including serving the last seven …

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Friendlier reception at Senate Committee for Scott Pruitt’s replacement at EPA

The atmosphere of Andrew Wheeler as Acting EPA administrator compared to the days of Scott Pruitt being in charge of the giant agency are vastly different. And it was clear this week when Wheeler went before Oklahoma U.S. Sen. Jim Inhofe and others on the Senate Environment and Public Works Committee. Wheeler was previously a …

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Tulsa oil refinery operator reports massive 2Q income increase for shareholders

Net income skyrocketed in the second quarter of 2018 for Texas-based HollyFrontier, the operator of an oil refinery in Tulsa and others across the country. The firm reported net income attributable to stockholders was $345.5 million or $1.94 per diluted share. It compared to the $57.8 million in income or 33-cents a share for the …

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Seven injured in natural gas pipeline explosions near Midland, Texas

An investigation is underway into a series of natural gas pipeline explosions that injured seven persons, five critically near Midland, Texas. One of the seven was a volunteer firefighter who responded to the explosion about 20 miles southeast of Midland Wednesday morning. The first explosion happened around 11:30 a.m. and was followed an hour later …

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