February 9, 2018 archive

Two-year Old STACK Company Sells for $1.5 Billion

Two years after it was formed, Kingfisher Midstream LLC has been sold in a more than $1 billion dollar deal by ARM Energy Holdings LLC based in Houston. Kingfisher, created to serve the STACK oil and gas play was sold for $1.55 billion to Silver Run Acquisition Corporation II. It’s an $800 million cash deal …

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New Board Member for NGL While Company Unveils Earnings

Tulsa based NGL Partners LP has named a new member to the board of directors of its general partner and unveiled its quarterly revenue at the same time. He is L. John Schaufele IV who replaces Patrick G. Wade as a Director. His appointment is to the board of directors of the general partner, NGL …

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Enable Midstream Declares Quarterly Cash Distribution

A quarterly cash distribution of about 32 cents per unit was announced by Oklahoma City-based Enable Midstream Partners, LP. The Board of Directors put the distribution at $0.318 per unit on all outstanding common units for the quarter that ended Dec. 31, 2017. The distribution is the same as the 3rd quarter of 2017. Payment …

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Tax Hike Opponents Contend Step Up Poll Was One-sided

  Saying the recent SoonerPoll that showed Step Up Oklahoma and its tax hike proposals had a majority of support of Oklahoma was one sided, an anti-tax hike group is out with its own polling results. John Collison, President of the group No New Oklahoma Taxes contends most voters feel just the opposite and don’t …

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ATT Agrees to Make Wind Power Purchase in Oklahoma and Texas

ATT, the giant telecommunications company is taking advantage of the wind-farm rankings in Oklahoma and Texas and plans to buy 520 Megawatts of power from two farms. Both farms are being constructed by NextEra Energy Resources. One of the farms is Minco V wind project is near Anadarko in Caddo County. ATT will purchase 220 …

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Nationwide Rig Count Soars by 29

  The oil and gas rig counts in Oklahoma and the U.S. rose in the past week, one in state but 29 nationally. Baker Hughes Company of Houston and the Redtop Rig report of Wichita, Kansas reported an increase in rig activity. Oklahoma rose by one to reach 118. But the national count swelled by …

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