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Alta Mesa Settles Kingfisher County Royalty Lawsuit for $4.57 Million
Houston-based Alta Mesa Holdings LP, Alta Mesa Services LP and Oklahoma Energy Acquisitions has agreed to settle a Kingfisher County lawsuit alleging underpaid royalties for a sum of $4.57 million, according to a report published by The Oklahoman on Sunday. The settlement covers 115 oil and natural gas wells and their mineral owners. Court approval …
Strong Friday Finish as Brent Crude Settles Above $60, WTI Nears $54 a Barrel
Oil prices rallied on Friday, lifting the WTI settlement near $54 as Brent crude finished above $60 a barrel for the first time in more than two years, according to Bloomberg MarketWatch. December Brent crude, the global benchmark rose $1.14, or 1.9%, to settle at $60.44 a barrel on the London ICE Futures Exchange, marking the …
Brent Crude Settles Close to $60 as WTI Climbs Above $52 a Barrel
Crude oil futures climbed to new heights on Thursday, according to Bloomberg MarketWatch. December Brent crude, the global benchmark, added 86 cents, or 1.5%, to settle at $59.30 a barrel on the ICE Futures Europe Exchange, marking the highest finish for a front-month contract since July 3, 2015, according to data from Dow Jones. On …
Inhofe Pleased With Senate Committee Approval of EPA Nominees
Oklahoma’s senior member of the Senate Environment and Public Works (EPW) Committee, U.S. Senator Jim Inhofe, praised the committee approval of four nominees for positions at the Environmental Protection Agency and the nomination of Paul Trombino III to be Administrator for the Federal Highway Administration, according to a press release issued Wednesday. “I am pleased …
Third Quarter Dividend Announced by ONEOK
Tulsa-based ONEOK’s Board of Directors declared a quarterly dividend of 74.5 cents per share effective for the third quarter of 2017, according to a company press release issued Wednesday. The annualized dividend has reached $2.98 per share. The dividend is unchanged from the previous quarter when it was increased 13 cents per share, or 21 …
Oil Settles Lower on Wednesday as Data Reveals Crude Supply Jump
Oil futures settled slightly lower on Wednesday as domestic crude supplies rose for the first time in five weeks, according to Bloomberg MarketWatch. December West Texas Intermediate crude fell 29 cents, or 0.6%, to settle at $52.18 a barrel on the New York Mercantile Exchange. December Brent crude, the global benchmark, edged up by 11 cents, or …
Oklahoma Supreme Court Strikes Down Electric and Hybrid Vehicle Registration Fees
Score a win for the Sierra Club as the Oklahoma Supreme Court ruled on Tuesday that the electric vehicle registration fee is unconstitutional. The fee was passed in the last five days of the legislative session “The Sierra Club applauds the Oklahoma Supreme Court for striking down this biased and illegal tax on electric vehicles,” …
WTI, Brent Crude Settlements Boosted By News of Saudi Arabia’s Commitment to Balance Global Market
Oil prices jumped on Tuesday with Saudi Arabia’s pledge to help rebalance the global crude market, according to Bloomberg MarketWatch. December West Texas Intermediate crude rose 57 cents, or 1.1%, to settle at $52.47 a barrel on the New York Mercantile Exchange—the highest finish since April 17. December Brent crude, the global benchmark, rose 96 cents, or …
Oklahoma Transportation Advocacy Group Supports Six Cent Gas and Diesel Tax Hike
After a substitute measure enacting a $0.6 per gallon excise tax increase for gasoline and diesel fuel was approved Tuesday afternoon by the Oklahoma House Joint Committee on Appropriations and Budget, a local advocacy coalition dedicated to rebuilding the state’s transportation infrastructure praised the efforts of lawmakers regarding HB 1035X. “A longstanding component of the …
ONEOK and Martin Midstream Partner to Invest $200 Million Into Delaware Basin LPG Expansion System
Tulsa-based ONEOK, Inc. announced Monday that the West Texas LPG Pipeline Limited Partnership — a joint venture between operator and 80% owner ONEOK and 20% owner Martin Midstream Partners L.P. — plans to invest approximately $200 million to expand its natural gas liquids (NGL) system into the prolific Delaware Basin, part of the larger Permian Basin, according to …