The Board of Directors of Tulsa-based NGL Energy Partners LP announced it has declared a cash distribution for holders of its Class B notes. The distribution will be paid for the quarter ending March 31, 2018 to holders of the Partnership’s 9.00″ Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units. The distribution of $0.5625 …
South central Kansas was rattled again by another earthquake over the weekend. The Saturday night earthquake rattled the city of Hutchinson, located about 45 miles northwest of Wichita. It was recorded at 9:17 p.m. with an epicenter four miles northwest of Hutchinson near the residential community of Careyville. The U.S. Geological Survey said the epicenter …
A spike in crude oil prices on Friday sent West Texas Intermediate crude oil prices up by more than $1 a barrel before prices settled at $62.34 per barrel. Now traders and others are curious to see what will happen Monday on the New York Mercantile Exchange and in London. WTI prices on Friday rose …
It’s been 9 years since a lawsuit over alleged poultry pollution of the Illinois River in eastern Oklahoma went to court. It’s been 8 years since the case wrapped up before Tulsa U.S. District Judge Gregory Frizzell and as the Tulsa World noted, there still has not been a ruling. Some wonder if it’s a …
The fight between the city of Mustang and Tulsa-based Citizen Energy could be headed back to Canadian County district court. Chief Justice Douglas Combs of the Oklahoma Supreme Court recently signed an order denying a request by Citizen Energy to have the Supreme Court assume jurisdiction. It means the case is likely headed back before …
Parent company EnerVest Ltd. based in Houston is not filing for bankruptcy but its publicly traded upstream oil and gas business, EV Energy Partners is headed to bankruptcy court. EV Energy Partners, a firm with operational offices in Elk City, Oklahoma and other states will file for bankruptcy to restructure and reduce its debt. …
INOLA – Governor Mary Fallin participated in a groundbreaking ceremony on Friday for Sofidel Group, an Italian manufacturer of tissue paper that announced a $360 million capital investment here. The project will include the construction of a new facility that will support 300 jobs in the Rogers County community. “Sofidel will build here a new, …
Another Oklahoma energy company has reviewed ruling by the Federal Energy Regulatory Commission and determined it does not expect a material impact from it. NGL Energy Partners LP, based in Tulsa, owner of Grand Mesa Pipeline LLC does not think there’ll be any harmful effect from the FERC ruling that disallowed income tax allowance cost …
Leadership at Oklahoma City-based Enable Midstream Partners, LP is still reviewing the potential impact of a March 15, 2018 FERC announcement. The Federal Energy Regulatory Commission said it would reverse a long-standing policy allowing master limited partnership interstate natural gas and oil pipelines to recover an income tax allowance in cost of service rates. …
More oil and gas drilling rigs were added to the mix in Oklahoma and across the U.S. in the past week according to reports from the Independent Oil and Gas Service and Baker Hughes Co. Oklahoma added 4 to reach 124 while nationally, the count grew by 6 to hit 990. The national count included …
