Democratic presidential hopeful Joe Biden came out Friday with word that he’s in the process of creating a “middle ground” climate policy to restore Obama-era environmental protections and to rejoin the Paris Climate Agreement. But the investigative website Sludge discovered Biden has an apparent conflict of interest and it involves someone who sat on the …
State Rep. Ken Luttrell, R-Ponca City, today commented on his appointment as a member-at-large for the Energy Council by House Speaker Charles McCall. The Energy Council is a nonprofit organization that promotes a balanced national energy strategy and related environmental policies. The Council also endeavors to promote an understanding of energy and its role in …
Oklahoma regained its ranking as the state second highest state with an active oil and gas rig count. This week’s count grew by 2 to reach 105 active rigs while New Mexico, which had previously been second highest, reported a decline of 4 to bring its count to 102 rigs. Nationwide, the count dropped by …
Among the bills recently signed into law by Oklahoma Gov. Kevin Stitt was the Groundwater Irrigation District Act. House bill 2263 allows for permit holders in a proposed groundwater irrigation district to request such a creation with approval by the Oklahoma Water Resources Board. The Act would require districts to consist of whole counties and …
Tulsa’s Matrix Service Company announced its revenue grew 46 percent in the just-completed third quarter and totaled $358.9 million. A year ago, the revenue was $245.6 million. The Company earned net income of $8.9 million, or $0.33 per fully diluted share, in the third quarter of fiscal 2019 compared to a net loss of $5.2 million, or $0.19 per fully diluted …
Blueknight Energy Partners, L.P. in Oklahoma City announced its first quarter earnings totaled $3.8 million in net income, a drop from the $4.4 million reported a year earlier. The company blamed the drop in income on $300,000 in flood damage to one of its asphalt operations and a $800,000 change in the estimate of the …
Tulsa-based Williams announced its board of directors approved a regular dividend of 38 cents a share. It figures to be $1.52 annualized on the company’s common stock and will be payable on June 24, 2019 to holders of record at the close of business June 7, 2019. The company stated that the 38-cent-a-share dividend is …
San Antonio-based NuStar Energy L.P., one of the nation’s largest independent liquids terminal and pipeline operators announced it will sell its St. Eustatius Terminal in a $250 million deal with Prostar Capital. NuStar has 9,800 miles of pipeline and 75 terminal ans storage facilities including 24 tanks with a storage capacity of 340,000 barrels at …
From earthquakes to legislative issues to frac hits, it’s what will be discussed when the Oklahoma Energy Producers Alliance holds its annual meeting later this month in Oklahoma City. The event will be held Friday, May 31 at the Will Rogers Theater. The day will begin with a welcome by Dewey Bartlett, Jr. then …
Anadarko Petroleum’s coughing up a $1 billion penalty for breaking off a deal with Chevron and moving ahead to take Occidental Petroleum’s $38 billion offer. Anadarko Petroleum announced it has entered into the definitive merger agreement with Occidental under which Occidental will acquire all of the outstanding shares of Anadarko for $59 cash each and …
