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Kansas Regulators Stop Merger of Two Utilities
Decision time this week for two big utilities in Kansas. Westar Energy and Great Plains Energy have until May 4 to decide their next step after the Kansas Corporation Commission rejected a $12.2 billion agreement between the two firms. Last year, Great Plains asked the KCC to approve its move to acquire Westar Energy. Kansas …
Energy Transfer Announced Distribution and Completion of Merger
Energy Transfer Partners, L.P., the Dallas-based company that struggled over the past year to complete its Dakota Access Pipeline in North Dakota has announced a quarterly cash distribution of $0.535 for the first quarter ending March 31, 2017. The distribution represents a distribution of $2.14 on an annualized basis and will be paid on May …
Cash Distribution Announced by Tulsa Coal Company
Tulsa-based Alliance Resource Partners, L.P. and the Alliance Holdings GP, L.P., companies that distribute coal nationally, have announced a cash distribution has been approved to respective unitholders for the quarter ending March 31, 2017. The ARLP unitholders will get a cash distribution of $0.4375 per unit or an annualized rate of $1.75 per hit payable …
Cypress Energy Maintains Lower Cash Distribution
A first-quarter cash distribution has been declared by Tulsa-based Cypress Energy Partners, L.P. The cash distribution is $0.21 per limited partner unit and will be payable on May 15, 2017 to all unitholders of record. The declaration was made by the company’s board of directors and came nearly a month after the Board stated …
Quarterly Results to be Announced by Blueknight Energy
Oklahoma City-based Blueknight Energy Partners, L.P. plans a release of its first quarter 2017 financial results on Wednesday, May 3. The results will be discussed during a conference call at 10 a.m. Blueknight Energy owns and operates a portfolio of midstream energy assets of nearly 9.6 million barrels of combined asphalt product and residual fuel …
Oil and Gas Rig Counts Grew in Oklahoma and US in Past Week
Oklahoma saw an increase in its oil and gas rig count over the past week while the national industry saw the same. Baker Hughes Company of Houston, Texas reported Oklahoma’s count increased by 3 in the past week to reach 127. One year ago, the state’s count was only 60. Nationally, the rig count grew …
Devon Spacing Pilot Produces Large Well in Kingfisher County
Devon Energy’s spacing pilots in Kingfisher county have produced yet another large well. This one in the Pump House plot is in the upper Meramec of southwest Kingfisher County. The well produced 1,355 barrels of oil daily along with 6,450 Mcf of gas. It is located about 2 miles southeast of the Chisholm Trail Technology center …
Florida Bill Moves Ahead on Out-of-State Fracking Charges
Word from the Associated Press indicates a Florida legislative committee gave approval this week to a bill allowing power companies to charge customers to fund out-of-state fracking projects. The bill would undo a 2016 Supreme Court ruling that said companies levying such charges were overstepping their authority. But the power companies contend the measure would …
Democrats Blast Governor’s Gasoline Tax Hike Plan
State House Democratic leader Scott Inman, the announced candidate for governor, knows he has Republican leadership in a bind in its efforts to raise the state’s gasoline tax. And this week, Rep. Inman used a service station near the State Capitol as the site to call for returning Oklahoma’s gross production tax on oil and …
Koch Industries Spent $3 million to Help Get Pruitt Confirmed at EPA
New federal lobbying disclosure filings show Koch Industries Inc. spent more than $3 million lobbying lawmakers on Capitol Hill to push for the confirmation of Scott Pruitt to head the EPA. The first-quarter public filing shows Koch Industries spent $3.1, the most the company spent on lobbying since the end of 2015. Filings were posted …