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 …
Category: Oil & Gas
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 …
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 …
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 …
WTI Nears $52, Brent Crude Falls and Finishes Over $57 a Barrel on Monday
Crude oil settled with a mixed finish on Monday as the WTI increased slightly and the Brent crude finished lower, according to Bloomberg MarketWatch. December West Texas Intermediate crude rose 6 cents, or 0.1%, to settle at $51.90 a barrel on the New York Mercantile Exchange. December Brent crude, the global benchmark, fell 38 cents, or …
ExxonMobil Acquires Permian Basin Crude Oil Terminal in Wink, Texas
Irving, Texas-based ExxonMobil has acquired a crude oil terminal in Wink, Texas from Genesis Energy LP, according to a company press release issued on Wednesday. The terminal is located in the rapidly growing Delaware Basin, part of the Permian Basin – one of the most prolific plays in the United States. “The terminal provides crude producers …
WTI, Brent Crude Post Slight Gains on Friday
Crude oil futures settled higher on Friday as traders mulled OPEC efforts to reach a more balanced market and worried about the potential for more domestic shale production, according to Bloomberg MarketWatch. November West Texas Intermediate crude tacked on 18 cents, or 0.4%, to settle at $51.47 a barrel on the New York Mercantile Exchange. December …
Oil Settles Lower on Thursday as Analysts Predict A Year-End Peak for Oil, Shale
After four consecutive sessions of gains that lifted prices to their highest levels since late September, crude oil futures dipped on Thursday, according to Bloomberg MarketWatch. November West Texas Intermediate crude lost 75 cents, or 1.4%, to settle at $51.29 a barrel on the New York Mercantile Exchange. December Brent crude, the global benchmark, fell 92 …
WTI Settles Above $52 a Barrel on Wednesday
Crude oil futures finished with a slight gain on Wednesday as tensions escalated in the Middle East, according to Bloomberg MarketWatch. November West Texas Intermediate crude added 16 cents, or 0.3%, to settle at $52.04 a barrel on the New York Mercantile Exchange. On the ICE Futures Europe Exchange, December Brent crude, the global benchmark, rose …
Cimarex Energy Expands STACK Efforts
Denver-based Cimarex Energy intends to stay busy in Oklahoma’s STACK after filing and receiving 9 permits to drill at one site. The 9 variations of the Vince wells, located at 26 11N 8W are about four miles west of Union City. It’s there the company will explore the Mississippian, Woodford and Hunton zones. The permits, …