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Quarterly Results Coming from Blueknight Energy
Oklahoma City-based Blueknight Energy Partners L.P. will release its second quarter 2016 financial results Tuesday, August 2, 2016. The release will come after the close of markets on Tuesday then the Partnership will discuss the results during a Wednesday conference call at 1:30 p.m. CDT. Blueknight Energy owns and operates midstream energy assets of nearly …
Slight Improvement Seen in Oklahoma and U.S. Rig Counts
Oil and gas rig counts in Oklahoma and the U.S. moved upward slightly in the past week with the state’s count growing by one to 60 and the nation adding one to hit 463, according to figures from Baker Hughes Co. of Houston, Texas. Oklahoma’s count of 60 compares to 107 a year ago. Nationally, the U.S. …
SandRidge Trust Announces Quarterly Distribution
The SandRidge Mississippian Trust I headquartered in Austin, Texas announced a quarterly distribution for the three-month period ended June 30 of $1.2\ million or $0.0412 per unit. The official distribution is expected to happen on or before August 26 to holders of record. The trust indicated total sales volumes were slightly lower than the previous …
Oklahoma Predicted to Overtake California for Wind Energy Production
With six different wind farm projects underway across the state, Oklahoma remains a strong number four when it comes to states with installed wind power projects. But Oklahoma is expected to overtake California in the coming year. The projects underway, once finished will add more than 1,100 megawatts to the production of wind power in …
Corps of Engineers Cited For Making No Progress on Levee Safety Program
The Army Corps of Engineers and FEMA are under criticism from the U.S. Government Accountability Office for making little progress on a levee-safety program mandated two years ago by Congress, according to a report filed with a Committee chaired by Oklahoma U.S. Sen. Jim Inhofe. The report to his Senate Environment and Public Works Committee …
Ethanol Production in US Drops from Record Numbers
Ethanol production in the U.S. dropped last week from the previous week’s historic high. Figures from the U.S. Energy Information Agency indicated production dropped 31,000 barrels a day, resulting in an average daily production of 998,000 barrels or 41.92 million gallons a day. Ethanol production had exceeded a million barrels a day in five of …
Sabine Emerging from Messy Bankruptcy
Houston, Texas-based Sabine Oil and Gas Corp. has won approval of a Manhattan judge for its financial reorganization, clearing the way for the producer to come out of Chapter 11. The independent company filed more than a year ago and had been fighting creditors ever since. But U.S. Bankruptcy Judge Shelley chapman recently held a …
Oil and Gas Collections for June were Dismal in Oklahoma
The final Fiscal Year 2016 revenues for the state of Oklahoma came in nearly 10 percent below the official estimate and they showed once again, oil and gas revenues were dismal not only for June but for the year. Wait till you read just how much. June General Revenue Fund collection missed the estimate by …
Oklahoma Congressmen Want Methane Rules Dumped by Interior Secretary
Nearly 60 Republican members of the U.S. House including three from Oklahoma, have asked U.S. Interior Secretary Sally Jewell to dump those new methane emissions standards because they contend they are a “solution in search of a problem.” Representatives Jim Bridenstine, Markwayne Mullin and Frank Lucas are among the 57 who signed a letter sent this …
Dems Target Oil and Gas but Take Their Money to Hold National Convention
As OK Energy Today pointed out this week, the Democratic Party’s 2016 platform takes a hard stand for ‘green’ energy and against oil, but as the Daily Caller noted, guess who’s not afraid to take big oil money for the political campaigns. That’s right, the Democratic party. Among those listed as sponsored of the national convention …