January 25, 2019 archive

Blueknight Energy declares distribution

  Oklahoma City’s Blueknight Energy Partners, L.P. declared an 8 cent a share cash distribution on common units for the fourth quarter of 2018, same as the amount for the third quarter of the year. The Board of Directors also declared an 18 cent distribution on the Partnership’s preferred shares. Like the distribution on the …

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Rep. Mullin says Green New Deal is an ’empty promise’

By Congressman Markwayne Mullin The new Congress brought in many new members to Capitol Hill.  Along with it came dozens of progressives, whose liberal ideas and leftist platforms would drive our country straight into socialism.  One such idea is the Green New Deal. The Green New Deal aims to harvest 100 percent of U.S. electricity …

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Director at Mid-Con Energy dies

Tulsa’s Mid-Con Energy Partners, LP announced the death of one of its directors, Peter Adamson, III. The 77-year old director had been on the Board of Directors since 2011. “It is with great sorrow that we announce the passing of our dear friend and board member,” stated Executive Chairman, Randy Olmstead. “Pete was an inspiration …

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Modest growth reported in regional manufacturing

    The Kansas City Federal Reserve Bank issued a report showing there is still modest growth of manufacturing activity in its district that includes Oklahoma. The Bank indicated that the month-over-month finished goods price index was up while the raw materials price index was lower. And price expectations are expected to hold steady for …

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Senator wants states to oversee drilling on federal lands

Wyoming U.S. Sen. John Barrasso is trying again to get support for a bill to grant authority to states to oversee oil and gas projects on federal lands. The “Opportunities for the Nation and States to Harness Onshore Resources for Energy Act would allow states to apply to the Interior secretary for exclusive authority to …

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Violence in Venezuela forces oil prices upward

Oil prices rose on Friday because of the turmoil in Venezuela where there were more violent street protests over the government’s leadership of Nicolas Maduro and attempts by opposition leader Juan Guaido to take over as President. Prices rose as concerns did too about the increased chances of a tighter global supply if the U.S. …

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WildHorse Energy shareholders face deadline over merger with Chesapeake Energy

    A January 30 deadline has been set by Chesapeake Energy Corporation and WildHorse Resource Development Corporation regarding shareholders. Chesapeake is in the process of acquiring WildHorse in a $4 billion deal.  The election deadline is for record holders of shares of WildHorse’s common stock to decide the form of merger consideration they want …

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Trash hauler cited as environmental leader

Those Waste Management garbage trucks you see on the streets of cities in Oklahoma are part of a company that has earned an “A” grade from the environmental non-profit CDP. The grade was earned for the depth and quality of climate change data the company discloses to investors and the global marketplace. CDP or Carbon …

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Holly Energy declares 57th consecutive quarterly dividend

  Holly Energy Partners, L.P., the Dallas based firm with a refinery and storage capacity in Tulsa announced a fourth quarter cash distribution of 67 cents per share. It was a two-cent increase from the fourth quarter of 2017 and was also the company’s 57th consecutive quarterly distribution increase since the firm went public in …

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Dividends declared by two midstream companies

  Two Houston-based midstream companies declared quarterly dividends this week. Hess Midstream Partners LP, a firm with most of its assets in the Bakken of North Dakota declared a 37 cent a share cash distribution for the quarter that ended Dec. 31, 2018. It was a 15 percent increased compared to the previous year and …

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