New Cushing pipeline one of two to be built by Phillips 66

Phillips 66 and Bridger Pipeline LLC are looking for customers for their proposed Liberty Pipeline to carry crude oil from the Rockies and Bakken production areas south to Corpus Christi, Texas. And Phillips is planning a new line in Oklahoma. The two have also announced a joint open season for the line to carry up …

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Midstates says 3Q income grew but it’s taking a ‘pause’ in the 4Q

  Tulsa’s Midstates Petroleum Company, Inc. reported its third quarter 2018 net income totaled $11.5 million or 44 cents a share., much better than the $3.7 million and 14-cents a share earnings a year earlier. It also was an improvement over the second quarter of 2018 when the company reported a net loss of $1.5 …

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Governor takes some of the credit for Oklahoma’s low jobless rates

Oklahoma Gov. Mary Fallin is taking some of the credit for the fall of unemployment rates in every Oklahoma County in September, saying it’s a result of the pro-business policies enacted during her administration. She said it shows the policies are working. “Oklahoma’s overall economy is healthy,” the governor said at a Seminole Chamber of …

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Oklahoma’s jobless rates tumble and energy played its role

While some candidates were celebrating their election night victories, state leaders were excited over Oklahoma’s newest employment figures. The state’s energy industry can take some of the credit. Every one of the 77 counties in the state reported lower unemployment rates for September, according to the Oklahoma Employment Security Commission. And all 77 county rates …

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Newfield pushes ahead with STACK drilling following purchase by Encana

Even as Newfield Exploration based in Houston came under new ownership, Newfield hasn’t backed off its oil and gas exploration in Oklahoma’s STACK play. The latest reports for permits to drill issued by the Oklahoma Corporation Commission show Newfield was issued 8 of the 9 permits for drilling in Kingfisher county. It’s planning 8 wells …

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Merger approved of two oil and gas trade groups in Oklahoma

Oklahoma’s two oil and gas trade groups have made it official—they’re merging. Members of the Oklahoma Independent Petroleum Association voted this week to merge with the Oklahoma Oil and Gas Association. OKOGA had earlier given its approval to the deal. The new single organization will represent the oil and gas supply chain in the state. …

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Montana voters reject strict mine cleanup rules

Oklahoma’s rejection of a Vision Tax Fund on oil and gas revenue proved to be one of a handful of energy related issues that died at the ballot box. We told you how Proposition 112 was killed by Colorado voters then Arizona voters said no to increasing the state’s reliance on alternative technology. Montana voters …

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Cypress Energy plans earnings release on Monday

The third quarter earnings of Tulsa-based Cypress Energy Partners, L.P. will be released next week. The company plans to release the financial results on Monday after the close of trading on the New York Stock Exchange. It will hold a conference call Tuesday, Nov. 13 at 9 a.m. CST where leadership will discuss the results. …

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Energy Transfer not only building a new fractionator but expanding a pipeline into the Permian Basin

  So much volume is coming from around the U.S. that Dallas-based Energy Transfer LP and its subsidiary Lone Star NGL LLC plan to build a seventh natural gas liquids fractionation operation at Mont Belvieu, Texas. The company also plans an expansion of a pipeline serving the Permian Basin. They call it “Fractionator VII” and …

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Dividend declared by Halliburton

  Halliburton Company’s declared an 18-cent a share dividend for those who have ownership in the company stock. The board of directors approved the 2018 fourth quarter dividend on the company’s common stock and it will be payable Dec. 27, 2018 to shareholders of record at the close of business Dec. 6, 2018. The company …

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