** The board of directors of Phillips 66 has declared a quarterly dividend of 90 cents per share on Phillips 66 common stock. The dividend is payable on March 2, 2020, to shareholders of record as of the close of business on Feb. 18, 2020. ** The Board of Directors of Murphy Oil Corporation declared a quarterly …
2020 archive
AEP subsidiary to buy power from newest Kansas wind farm near Oklahoma state line
A subsidiary of AEP, the parent company of Public Service Company of Oklahoma has signed a power purchase agreement with Evergy from its new Flat Ridge 3 wind project being built in southern Kansas close to the Oklahoma state line. AEP Renewables signed the deal to buy power from the 62-wind turbine farm near …
U.S. recorded fewest ever mining fatalities in 2019
There were 24 mining fatalities in the U.S. in 2019 including one in Oklahoma, the U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) reports. This is the fewest annual fatalities ever recorded, and only the fifth year in MSHA’s 43-year history that mining fatalities were below 30. MSHA is still reviewing two …
BlackRock’s investment in ONEOK is growing
A filing with the Securities and Exchange Commission this week shows a New York investment firm owns more than 10% of the shares in Tulsa-based ONEOK. The filing was made Tuesday by ONEOK and indicated BlackRock Inc. now owns 10.35% of the company’s shares. Its total ownership is 42,675,245 shares while its sole voting power …
SandRidge Energy notifies SEC of its job cuts
In announcing plans to cut its Oklahoma City headquarters workforce by nearly half, SandRidge Energy made sure to notify the U.S. Securities Exchange Commission. It made a brief Form 8-K filing with the SEC on Tuesday, “SandRidge Energy Inc. Announces Issuance of WARN Act Notice. SandRidge Energy, Inc. today announced that it has issued Workers …
Federal agencies probe Chesapeake well blowout that killed 3 workers in Texas
The Chesapeake well blowout and fire that has now claimed the lives of three workers in South Texas is being probed by at least two federal agencies as well as a Texas agency. Investigators for the Occupational Safety and Health Administration and the Chemical Safety Board were in Burleson County this week at the …
Legislator wants state law requiring 2 crewmen on freight trains
State Rep. David Perryman (D-Chickasha) has filed legislation to help protect the public from railroad-related accidents in Oklahoma by requiring a minimum of two crew members on a freight train. House Bill 2874, currently pending in the House Transportation Committee would require all freight trains running in Oklahoma to be operated by a crew …
Number of permits to drill on a skid in Oklahoma
The last time an oil and gas company obtained a permit to drill in Oklahoma was January 28. Last Tuesday. In the week since, no permits have been released or approved by the Oklahoma Corporation Commission. It is an indication of the slowdown in the oil patch. And there is always the impact of oil …
SandRidge Energy to slash half of its remaining workforce
Four years after emerging from bankruptcy, Oklahoma City’s SandRidge Energy has announced plans to cut its remaining Oklahoma City workforce in half as the oil and gas operation struggles financially. The company said it will eliminate 63 jobs from the 120 that exist at the company headquarters. Notifications were sent to state and federal …
Completion reports for February 4, 2020
Completion reports filed on February 4, 2020. GARVIN COUNTY Merit Energy Company 27 4N 4W Ne Purdy Springer Sand Unit A (Cunningham 1) F-6w, September 18, 2018 SH, INJ, TD: 9000 ft Lat: 34.78465, Long: -97.61259 API: 35049381210003 GRADY COUNTY Merit Energy Company 12 4N 5W S.e. Bradley “a” Unit N-14, April 25, 2018 SH, INJ, TD: 10118 …