A Texas lawmaker wants the state to treat pipeline protesters the same as it does attempted killers. State Rep. Chris Paddie, a Republican from Marshall introduced House Bill 3557 which targets those who “engage in civil disobedience to stop or delay construction on pipelines.” His bill would make such crimes a felony with a sentence …
Tulsa’s Williams companies announced its unaudited net income for the first three months of 2019 totaled $194 million, an increase of 28 percent or $42 million. Net income per share was 16 cents, a drop of two cents while the adjusted income per share rose 16 percent reaching 22 cents. The company had cash flow …
Nearly 4,000 fourth and fifth grade students from across the state took part in ScienceFest 2019, held Thursday at the Oklahoma State Fair Park in Oklahoma City. The event is held annual to offer students a hands-on learning experience in the areas of engineering, math and other environmental conservation and stewardship exhibits and workshops. “ScienceFest …
There’s new information about the multi-million dollar lawsuit settlement regarding Continental Resources Inc. we reported earlier this week. The fight over alleged underpaid royalty payments on leases in northern Oklahoma actually totaled $66.9 million and not the approximately $59 million as initially estimated by Continental Resources. The settlement involved 34,000 class members who were mineral …
OGE Energy Corp. announced its first quarter 2019 earnings on Thursday, showing its net income of $47 million was down from the $55 million reported a year ago. Net income for OGE was also down, coming in at $20 million compared to the nearly $31 million reported in the first quarter of 2018. The company …
Oklahoma City-based Enable Midstream Partners, LP reported revenues of $795 million for the first quarter of 2019, an increase of $47 million over a year ago. Net income attributable to limited partners was $122 million for the quarter, an $8 million increase compared to the $114 million for the first quarter of 2018. The net …
While management at Chevron is deciding what next to do with its bid to acquire Anadarko Petroleum, the company has wrapped up the $350 million acquisition of Pasadena Refining System and PRSI Trading LLC in Texas. The acquisition was made from Petrobras America Inc. It includes a 466-acre complex in Pasadena, Texas and adds a …
Leaving a tough winter behind that affected its oil production, Whiting Petroleum based in Denver, Colorado said it intends to see more production, especially in the Bakken. The Bakken is where it has the largest exploration effort but the company still has some smaller operations in western Oklahoma. Production in the first quarter 2019 totaled …
Despite first quarter losses of $8 million or 11 cents a share, WPX Energy in Tulsa had adjusted net income of $22 million or income of 5 cents a share. In its earnings report this week, the company explained the first-quarter 2019 losses included a $207 million in derivative losses due to an increase in …
Kansas City’s Tallgrass Energy L.P. announced a new project to support crude oil production in northern Colorado’s Weld County. The project is designed to move crude out of Wyoming and Colorado and eventually carry it to the Cushing hub in Oklahoma. The Hereford Project will include about 30 miles of new 12-inch pipeline near the …
