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 …
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 …
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 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 …
Oil prices tanked on Thursday as domestic prices ended at their lowest settlement in a month and the nearing expiration of the Brent crude contract heightened volatility, according to Bloomberg MarketWatch. June West Texas Intermediate crude slid by 65 cents, or 1.3%, to settle at $48.97 a barrel on the New York Mercantile Exchange—the lowest settlement …
An Oklahoma state legislative leader is under fire by the Oklahoma Independent Petroleum Association for her recent participation in a State Capitol rally calling for a 250 percent increase in the gross production tax. Rep. Leslie Osborn – the Oklahoma House of Representatives Appropriation and Budget Chair – attended Wednesday morning’s rally sponsored by the …
As Oklahoma’s legislative leaders consider how to balance the state budget, two of the state’s leading energy associations sparred again on Wednesday over the gross production tax. The Oklahoma Energy Producers Alliance (OEPA) was scheduled to hold a press conference at the State Capitol on Wednesday morning to call for an increase in the state’s …
Following a fatal home explosion, Texas-based Anadarko Petroleum Corporation will shut down nearly 3,000 vertical wells in northeastern Colorado, according to a report by The Denver Post. The massive fire occurred on April 17 in the suburban community of Firestone, Colorado, about 170 feet from a well drilled in 1993 and later acquired by Anadarko. …
As domestic oil futures settled higher and Brent crude finished lower, government data revealed the largest weekly drop in crude oil supplies for 2017, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, June West Texas Intermediate crude added 6 cents, or 0.1%, to settle at $49.62 a barrel. WTI briefly traded above $50 a …
Plains All American Pipeline, L.P. continued remediation efforts on Tuesday at a site in Kingfisher County after a pipeline leaked nearly 19,000 gallons of crude oil onto farmland over the weekend. Crews from the Houston-based pipeline company were at the site in Loyal, about 60 miles northwest of Oklahoma City. The 450-barrel spill was reported …
