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ETE Announces Quarterly Cash Distribution
Energy Transfer Equity, L.P., the company involved in a messy merger with Tulsa-based Williams Cos. has announced a quarterly cash distribution of $0.285 per common unit. That figures to be $1.14 per unit on an annualized basis or a 16-cent a unit increase. It is also a 16% increase compared to the first quarter of …
Oil and Gas Employment Holds Steady in Oklahoma…..Government Employment Continues to Grow
While the state’s oil and gas industry held its own in March, the latest employment report from the Oklahoma Employment Security Commission indicates there was still a loss of at least 600 jobs from March 2015 to this year. The reported indicated the oil and gas sector, defined in the Commission’s Mining and Logging division …
ConocoPhillips Reports $1.5 billion in First-Quarter Losses
ConocoPhillips says it lost nearly $1.5 billion in the first quarter of 2016 so it has reduced its 2016 capital spending as a result of the impact of the industry’s low energy prices. The Company, with major operations in Ponca City and Bartlesville reported a first quarter loss of $1.47 billion or $1.18 a …
Inhofe says Oklahoma Will Gain from New Water Development Act
Senator Jim Inhofe says as chairman of the Senate Environment and Public Works Committee, he’s been able to get a Water Resources Development Act of 2016 approved that will directly benefit Oklahoma. “WRDA 2016 ensures that Oklahoma projects, including the McClellan-Kerr Arkansas River Navigation System and the Tulsa and West Tulsa Levee System, continue …
Rep. Russell Wages Fight against New Space Rocket Engines
Before joining others on the U.S. House Armed Services Committee in approving a $610.5 billion National Defense Spending bill this week, U.S. Rep. Steve Russell waged a fight against spending billions on new engines for America’s space rockets. As the Committee hearing seeped into the early morning hours of Thursday, the Congressman said his …
New Leader Named to Head Merged Companies
Longtime Questar Corp. executive Craig C. Wagstaff has been chosen to lead the western U.S. natural gas operations once Questar completes its merger with Dominion He’s the current president of Questar Gas and will become president of Dominion Questar. the new firm will be based in Salt Lake City. The merger will also create an …
Legislator Says Earthquakes Will Be With us for Decades because of Wastewater Wells
A Democratic legislator who is also a candidate for Corporation Commission contends that Tuesday’s earthquakes around northeastern Oklahoma County reinforces the contention they are being caused by wastewater injection wells. Rep. Richard Morrissette also believes it means the state will experience seismic activity for years to come, if not decades because “so much saltwater associated …
Bridenstine Amendment Adopted to Speed up LNG Exports
Oklahoma U.S. Rep. Jim Bridenstine walked away with a victory in the House Armed Services Committee on Wednesday when it adopted his amendment to speed up Energy Department decisions on approving Liquefied Natural Gas exports. He called it a “big win” for Oklahoma’s natural gas industry since the state is the fourth largest natural gas …
Williams Faces Uphill Fight for East Coast Pipeline
A proposed $1.2 billion PennEast Pipeline proposed by Tulsa-based Williams Partners L.P. in conjunction with three other firms faces an uphill road after a regional regulatory agency in Pennsylvania indicated this week it wants to carry out an independent review of the project. Williams is in partnership with Cabot Oil and Gas Corp., Piedmont Natural …
Worker Embezzled $450,000 from Houston Energy Firm
An 80-year federal prison sentence could be awaiting a former financial employee who embezzled more than $450,000 from the Southwestern Energy Company in Houston, Texas. Kendra Walker, 28 pleaded guilty this week to wire fraud counts and is free on bond waiting to be sentenced. She worked in the company’s accounts payable department and stole …