Shareholders of NGL Energy Partners LP will be getting a distribution for the quarter ending June 30, 2024. The distribution of about 78 cents will go to holders of the company’s Class B and Class C preferred units Each of the Class B Preferred Units will receive a quarterly distribution of $0.7820 and …
June 2024 archive
BlackRock boycotted by Indiana over ESG issues
BlackRock just ran into more boycott problems. After being on Oklahoma’s list of firms blacklisted from handling state pension investments, the huge investment firm was just put on a watchlist by Indiana Treasurer Daniel Elliott. He took the steps as part of Indiana’s 2023 law banning state pension funds from investing with firms that …
Oil and gas rig numbers slide again in Oklahoma and the U.S.
Oil and gas drilling activity continued its decline in the past week, both in Oklahoma and across the U.S. resulting more drilling units placed in storage. Oklahoma’s count fell by two to 35 rigs, according to the Baker Hughes rig count released on Friday. A year ago, the state recorded 42 active rigs. …
Mitchell Talks Energy with Jerry Bohnen—another review of the Corporation Commission primary election
Another look back at the primary election results in the race for Corporation Commission—it’s what Scott Mitchell Talks Energy with Jerry Bohnen features this week on their weekly podcast. Click here for the podcast and their lively discussion.
World wide flaring of natural gas hit highest level in 2019
A new report from the World Bank claims flaring in the world’s oil fields hit the highest level in 2019 and the major culprit wasn’t just the U.S. The report stated that nine countries accounted for 75% of the flaring and nearly half came from Russia, Iran, Iraq, US, Venzuela, Algeria, Libya, Niberia …
Supreme Court throws out water agreement between New Mexico and Texas
The water dispute between New Mexico isn’t settled, according to the U.S. Supreme Court. The federal government wants a final say. It was a 5-4 decision issued Friday by the U.S. Supreme Court that rejected a settlement between the two states over water from the Rio Grande river, one of the longest rivers …
EPA Warns of threat from lead in soil – mainly in cities
People living in Oklahoma City and Tulsa – and other major cities nationwide – are being warned about the threat of lead in soil. The Environmental Protection Agency says it’s a bigger threat there than it is in rural areas. Children can be exposed to lead when they inhale or swallow contaminated soil. Young children …
Governor issues disaster declaration for flood-ravaged Texas County
Oklahoma Governor Kevin Stitt has issued a disaster declaration for flood-ravaged Texas County. Stitt announced the move on his “X” platform. KFOR-TV reports that Oklahoma state agencies are working with local officials to deal with massive damage to roads and homes. Heavy rainfall earlier this week flooded roadways – including major highways in the Panhandle. …
Oklahoma City Making Preparations For Mega-Site To Attract Big Biz
Oklahoma City leaders plan to eventually annex more than one thousand acres on the city’s southwest side to create what is being called a “mega-site” to attract big businesses and create jobs. The Oklahoman reports the city council approved the annexation of the first 320 acres this week. The president of the Alliance …
Oklahoma energy stocks enjoy strong Thursday
Crude oil prices rose Thursday following a report from the US Energy Information Administration referencing a cooling job market that fueled hopes the Federal Reserve might decide to cut interest rates soon. West Texas Intermediate Crude futures for July gained 60 cents to settle at $82.17 a barrel. Brent crude, the global benchmark, settled up …