Chesapeake Energy announced Friday its Board of Directors declared dividends on outstanding convertible preferred stock issues. Dividends were for stock issued in 2005 and 2010 with interest rates ranging from 4.50% to 5.75%. The company also plans to release its 2018 first quarter financial results before the open of markets on Wednesday, May 2.
Electric cars are nowhere ready to take over the market in the U.S. according to a report by Houston-based IHS Markit. The firm issued a report this week indicating short-term oil demand is growing strong and will continue to do so through the end of 2020. Electric cars are seeing an increase focus but IHS …
A cash dividend for the first quarter of 2018 has been declared by Holly Energy Partners, L.P., operators of refineries in Tulsa and in El Dorado, Kansas. The cash distribution of $0.6550 per unit is a 5.6% increase over the first quarter of 2017. The company said it was “reflective of the company’s strong and …
A new natural gas processing plant in Eddy County, New Mexico went into operation this week. San Mateo Midstream, LLC based in Dallas announced the completion and start-up of the expansion of the Black River cryogenic plant. The expansion adds a capacity of 200 million cubic feet of natural gas per day to the previously …
One congressman who sits with Oklahoma U.S. Rep. Frank Lucas on a House committee is demanding that EPA Administrator Scott Pruitt be ousted. Rep. Don Beyer, a Democrat from Virginia made it clear in an email recently sent to Newsweek. “Scott Pruitt is now surrounded by a historic level of scandal. This is what happens …
The latest earthquakes early Thursday in northern Oklahoma prompted the Oklahoma Corporation Commission to take some regulatory steps including the shutdown of one disposal well. One quake measured 3.8 magnitude near Waynoka and an hour later a 3.2 magnitude quake rattled Dover. Waynoka is in Major county and Dover is in Kingfisher County. Later in …
After months of waiting, Oklahoma U.S. Rep. Jim Bridenstine gets the job he has long sought—that of Administrator at NASA. In doing so, he has become the first elected official to serve in the position. The U.S. Senate on Thursday voted to confirm his nomination by President Trump on a 50-49 vote as 47 Democrats …
By a unanimous vote of 88-0, the Oklahoma House on Thursday approved a bill making some changes in the requirements of the job of the state’s Liquefied Petroleum Gas Administrator. Authored by Rep. John Paul Jordan (R-Yukon) and Sen. Marty Quinn (R-Claremore) Senate Bill 1520 is “modifying job requirements for Liquefied Petroleum gas Administrator” and …
A new report shows Oklahoma and the states surrounding it are some of the “least Green” states in the country. The report by WalletHub ranked Oklahoma 44th lowest in the nation in an environmental study based on 23 key metrics such as LEED-certified buildings per capita, energy consumption and renewable resources. Texas came in 43, …
Billionaire Warren Buffett obviously sees something in the wind industry….there’s money to be made! A report from the American Wind Energy Association shows his Berkshire Hathaway Energy is now the top US ranked investor owned utility group for wind power. The firm surpassed Xcel Energy in 2017 with 6.751 GW owned or under contract. BHE …
