February 2019 archive

Williams Cos. reports losses for 4Q and for all of 2018

  After reporting  a profit for the fourth quarter of 2017, Tulsa-based Williams reported this week a $572 million loss in the fourth quarter of 2018. It also reported a loss of $156 million for all of 2018 compared to 2017. The per share loss came to 47 cents for the fourth quarter and 16 …

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Dividend declared by owner of Tulsa refinery

HollyFrontier Corporation, the owner of a refinery in Tulsa as well as others in Kansas, New Mexico, Wyoming and Utah announced a quarterly dividend this week. The Dallas firm’s Board of Directors declared a 33-cent-a-share dividend payable on March 13, 2019 to holders of record of common stock on Feb. 27, 2019. HollyFrontier Corporation, headquartered …

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Dividend declared by Halliburton

An 18-cent-per-share dividend has been declared by Halliburton Company. The board of directors declared the dividend for the 2019 first quarter and stated it will be payable on March 27, 2019 to shareholders of record at the close of business on March 6, 2019. The company’s annual meeting of shareholders will take place on May …

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Massive increases reported of Oklahoma oil and gas tax revenues

The state government in Oklahoma reports General Revenue Fund collections for January came in nearly 9 percent higher than the monthly estimate. Gross Production Tax revenues from oil and gas were nearly 98 percent higher than the estimate. The Oklahoma Office of Management and Enterprise Services reported the oil and gas taxes totaled $77 million …

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Street light repairs in Tulsa carry costly bill totaling nearly $6 million

For those who think vandalism and accidents involing traffic lights on Tulsa city streets is a minor affair, TV station KOTV News on 6 reported this week the cost of replacing and repairing the lights has run nearly $6 million over the past four years. Here’s what the station found: Despite millions of dollars spent …

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NGL announces plan for redemption of $328 million in notes

  Tulsa-based NGL Energy Partners LP announced it’s called for the redemption of more than $328 million in outstanding senior notes. The company called for redemption of $328,005,000 aggregate outstanding principal amount of its 5.125% Senior Notes due this year. On March 15, 2019, the registered holders of the notes will get a redemption payment …

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Permits to drill for February 13, 2019

Permits to drill issued for Feb. 13, 2019. Blaine County MW #1-14-23XH, August 24 2017 14 14N 13W SENENWNW API: 01123848 Lat: 35.695344641677956, Long: -98.5574473654637 CONTINENTAL RESOURCES INC HH, AM, 23643 ft, MISSISSIPPIAN(12852), WOODFORD(13671) Custer County WILD GOOSE #1-29-20XHW, April 27 2018 29 14N 14W SWSESWSE API: 03922538 Lat: 35.6534860558691, Long: -98.709506562268 CONTINENTAL RESOURCES INC HH, AM, …

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Completion reports for February 13, 2019

Completion reports for Feb. 13, 2019.   None were filed.

Only 8 Senators opposed sweeping conservation bill and Oklahoma’s Senators were 2 of them

When the U.S. Senate passed what some call  the most sweeping conservation legislation in a decade this week, the vote was overwhelming—92 to 8.  And Oklahoma Senators Jim Inhofe and James Lankford were among the eight who opposed the measure. They were joined by Senators Cruz of Texas, Johnson of Wisconsin, Lee of Utah, Paul …

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AEP expands national energy holdings in $1 billion deal

American Electric Power, the parent company of Public Service Company of Oklahoma is expanding its energy reach in a more than $1 billion purchase of Sempra Renewables LLC. Sempra has 724 MW of wind and battery assets and is headquartered in Columbus, Ohio. AEP will pay $1.056 billion for Sempra’s wind assets. The deal includes …

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