A change has been made on the Board of Directors at Tulsa-based Alliance Resource Management. The general partner of the Partnership announced that John H. Robinson planned to retire from the board of directors at the end of the year. Concurrent with the notice of his retirement, Mr. Robinson stepped down from his …
The Oklahoma Energy Resources Board plans on fall classes under its PetroTech program which officers technical training for those interested in pursuing a career in Oklahoma’s oil and natural gas industry. The OERB also says the classes can also be used to gain new skills for those already employed in the industry. The deadline …
Mammoth Energy Services, Inc. plans a release of its second quarter financial results in early August and it comes just days after the Oklahoma City company announced a $188 million settlement with Puerto Rico over unpaid 2017 Hurricane Maria power restoration work. Mammoth will release the earnings report before the market opens on …
Eleven years after an ExxonMobil pipeline burst in Arkansas and resulted in a huge oil spill, federal and state officials are asking a judge to approve a $1.75 million settlement. It was in 2013 when the Pegasus pipeline leak occurred in Mayflower, sending tens of thousands of gallons of heavy crude oil into streams …
A quarterly cash distribution of 32 cents a share or $1.28 on an annualized basis has been announced by Energy Transfer LP, the Dallas-based company with 130,000 miles of pipeline, including in Oklahoma. The company’s dividend for the second quarter that ended June 30 will be paid August 19 to unitholders of record …
Even as the company seeks back to back rate hikes, Oklahoma Gas and Electric is encouraging customers who have difficulty in meeting their monthly bills to take advantage of the company’s assistance program. In a weekend release, OG&E said the arrival of summer heat has resulted in some of its customers, including seniors, …
After finishing its fiscal year 2024 with a fourth quarter net loss of nearly $237 million, NGL Energy Partners LP plans a quarterly release in August. It’s a release that investors are probably anxious about as they wonder if there will be signs of improvement. The release on Thursday, Aug. 8 will be …
Tulsa’s Vital Energy, Inc. just expanded its Permian Basin holdings in partnership with Northern Oil and Gas, with an all-cash $1.1 billion acquisition of the assets of Point Energy Partners, a Vortus investments portfolio company. The announcement indicated the deal “will significantly increase the company’s operational scale and footprint in the Delaware Basin and …
** ArcLight Capital Partners, a major private equity buyer of power assets, launched a new unit with initial capital of $500 million to acquire and upgrade wind and solar projects that will help meet surging electricity demand from data centers. The investment vehicle, SkyVest Renewables, made its debut deal with the purchase of a 160-megawatt …
When the U.S. House voted last week along party lines for a reduced budget for the Department of Interior, it not only had the support of Oklahoma’s five U.S. Representatives. It also included Republican efforts to thwart DEI and environmental justice activities to be inserted by the Biden administration. The final budget bill included …
