May 2018 archive

Income Increases for Tulsa’s Alliance Holdings

With nearly $104 million net income in the first quarter of 2018, Tulsa’s Alliance Holdings GP, L.P. announced a distribution of nearly 75 cents a share to unit holders. The company said the distribution amounts to $2.99 per unit at an annualized rate payable on May 18, 2018. The distribution is also 35.9 percent more …

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ConocoPhillips Urges Stockholders to Reject Mini-Tender Offer by Baker Mills

ConocoPhillips is urging stockholders to reject an unsolicited mini-tender offer by Baker Mills LLC to buy up to 55,000 shares of ConocoPhillips common stock. The offer represents approximately 0.005 percent of the outstanding shares of ConocoPhillips common stock. The offer price is $54 a share which is nearly 17.9 percent lower than the $65.79 closing …

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Holly Energy Expands Operations in West Texas

A growing diesel fuel demand in the Delaware Basin of west Texas has prompted Dallas-based Holly Energy Partners, L.P. to move ahead with a nearly $20 million truck loading rack in Orla, Texas. The company, with refinery operations in Tulsa, Oklahoma and El Dorado, Kansas will expand its logistics footprint and connect to its New …

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Governor Makes Official State’s Largest Budget Ever

The budget bill that includes a hike in the gross production tax on oil and gas in Oklahoma has been signed into law.  It’s part of the $7.6 billion Fiscal Year 2019 budget bill signed Monday by Gov. Mary Fallin, the largest in state history. Funds from the increase will help pay for historic teacher …

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