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 …
January 2019 archive
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 …
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 …
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. …
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 …
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 …
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 …
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 …
Permits to drill for January 24, 2019
Permits to drill issued on Jan. 24, 2019. Blaine County HWY 290 SWD #2, January 24 2019 32 17N 11W NWNWNWSE API: 01123875 Lat: 35.90518407123595, Long: -98.39582948101717 S & S STAR OPERATING LLC SH, DR, 6750 ft, WOLFCAMPIAN(3100), VIRGILIAN(4900) Blaine County HWY 290 SWD #1, January 24 2019 32 17N 11W NWSWSWSE API: 01123874 Lat: 35.89973400116743, Long: …
Completion reports for January 24, 2019
Completion reports issued on Jan. 24, 2019. MAJOR COUNTY Sandridge Exploration & Production Llc Mississippian(7452): Oil 236 Gas 954 Water 1187 Gas Lift 4 21N 12W Crain 2112 1-9h, November 21, 2018 HH, OIL, TD: 12703 ft Lat: 36.31919, Long: -98.48341 API: 35093251570000