A $300 million sale of its 50% share in the Glass Mountain Pipeline in Oklahoma has been announced by Tulsa-based NGL Energy Partners LP. The sale was to an affiliate of BlackRock Inc.’s Global Energy and Power Infrastructure Fund in partnership with Navigator Energy Services. The sale should be completed before Dec. 31, 2017. Glass …
WPX Energy in Tulsa is reporting a quarterly dividend of 78 cents a share. The board of directors approved the dividend for holders of the company’s 6.25 percent Series A Mandatory Convertible Preferred Stick. It’ll be payable Jan. 31, 2018 to holders of record on Jan. 12, 2018. The company posted double-digit oil volume growth …
Key Energy Services, the Houston firm that over the past few decades expanded through acquisitions of other companies in Oklahoma reported third quarter 2017 consolidated revenues of nearly $111 million. The report comes after the company emerged last December from Chapter 11 bankruptcy. Revenues were $110.7 million but the company also reported a pre-tax loss …
Tulsa-based Williams Cos Inc. will be allowed to move ahead with a $2.65 billion Atlantic Sunrise Pipeline in Pennsylvania after the D.C. Circuit on Wednesday lifted its temporary stay of construction. In making the move, the court denied a request by environmental groups and an Order of Catholic nuns near Lancaster, Pennsylvania to stop the …
Stillwater City Manager Norman McNickle is writing publicly about what he perceives is a failure of the state’s agreement with Amazon to start collecting sales tax in the state. In a statement issued this week, McNickle said his city is still waiting “for that bump” promised by the Governor after reaching a “gentleman’s agreement” with …
The latest budget-fix bill that would have raised the gross production tax on oil and gas failed in the House Wednesday night on a 71-27 vote. The measure needed 76 votes for approval. Some Republicans, like Rep. Kevin Calvey joined Democrats in opposing the $140 million dollar plan as he argued it would cost jobs …
Oil futures ended lower in volatile trading on Wednesday after a weekly U.S. government report revealed a surprise rise in crude stockpiles, according to Bloomberg MarketWatch. December West Texas Intermediate crude fell 39 cents, or 0.7%, to settle at $56.81 a barrel on the New York Mercantile Exchange. January Brent crude, the global benchmark, lost 20 …
A party-line vote of 14-13 in the U.S. Senate Commerce Committee on Wednesday moved Oklahoma Congressman Jim Bridenstine’s nomination to be the next NASA administrator to the full senate. The vote came a week after Democrats on the committee voiced their objections to his nomination, with one Senator calling him ‘divisive.’ But Sen. Jim Inhofe …
If Corporation Commissioner Bob Anthony files for re-election next spring as he says he apparently will, then we’ll have a fight for the GOP nomination for the seat. That’s because former State Senate President pro tem Brian Bingman of Sapulpa announced this week he is running for the seat on the Corporation Commission. He has …
COUNTY Well Name SCTN TWN RNG SPOT Completion Date Scan Date API Document Okfuskee MARIAN 1-A 13 12N 8E C NW SW SW Jan-21-2017 Nov-07-2017 10723506 500612724 Noble GRACE 36 31 24N 1W NE SE NW NE Jan-31-2017 Nov-06-2017 10324646 500612113 Noble GRACE 42 31 24N 1W SW NW SE NE Jan-31-2017 Nov-06-2017 10324649 …
