If and when Oklahoma Corporation Commissioners decide whether to order a reduction in crude oil production in the state as requested by one energy group, it could be in direct contradiction to a 1988 Oklahoma Supreme Court ruling. But the Commission might already be in conflict with the Supreme Court ruling on the case of …
$83 million in highway and bridge contracts okayed by ODOT Commissioners
Highlights of the Oklahoma Transportation Commission’s Monday, May 4 video teleconference meeting include announcement of Work Zone Safety Awareness activities in May and updates on the impact of COVID-19 on travel and Oklahoma Department of Transportation operations. The commission awarded contracts for highway projects on SH-85A in Delaware County, SH-77H and SH-66 in Oklahoma …
Williams’ pipeline subsidiary offers notes for sale
Transcontinental Gas Pipe Line Company, LLC , a wholly owned subsidiary of Williams announced Wednesday that it is offering senior notes to certain institutional investors. The notes will be offered pursuant to certain exemptions from registration under the Securities Act of 1933, as amended (the “Securities Act”). Transco intends to use the net proceeds …
Halliburton schedules ‘virtual’ annual meeting
Halliburton Company plans to hold its annual meeting of shareholders on May 19, 2020, at 2:00 p.m. Central Daylight Time, in virtual meeting format only. Due to public health concerns arising from the coronavirus (COVID-19) pandemic and health concerns for our shareholders and other meeting participants, the Company has determined that it will not hold …
Energy news in brief
** Cheniere Energy Partners, L.P.announced that its subsidiary, Sabine Pass Liquefaction, LLChas priced its previously announced offering of Senior Secured Notes due 2030.The principal amount of the SPL 2030 Notes will be $2.0 billion and the SPL 2030 Notes will bear interest at a rate of 4.500% per annum. The closing of the offering is expected …
Work begins on new gas line in New Mexico
Work has started on a $60 million pipeline being constructed to carry natural gas from north of Albuquerque to Santa Fe, New Mexico. New Mexico Gas Co. announced this week the line stretching from the city of Bernalillo to Santa Fe will increase capacity for natural gas customers in the northern part of the …
Climate change advocacy group formed
Conservatives Drew Bond and John Hart are launching C3 Solutions , an advocacy organization focused on conservative clean energy and climate change solutions. Hart previously was the late Oklahoma Sen. Tom Coburn’s communications director and Bond served as chief of staff at the Heritage Foundation. Former Republican presidential contender and Pennsylvania Sen. Rick Santorum and American …
Dems plan to keep oil and gas out of next relief package
Democratic lawmakers unveiled legislation Tuesday that would prohibit fossil fuel companies from participating in coronavirus relief packages and thwart options that could be under consideration by the Trump administration to aid the oil sector according to POLITICO. The bill specifically bars fossil fuel companies from participating in the Federal Reserve’s Main Street lending program, which the …
Enable Midstream reports millions in reduced income
Oklahoma City’s Enable Midstream Partners, LP reported millions in reduced net income for the first quarter of 2020 including a $10 million drop in net income to limited partners and a $10 million decline for common units. Revenues were $648 million for first quarter 2020, a decrease of $147 million compared to $795 million …
Earnings plunge for Holly Energy Partners
Earnings plunged to nearly half for Holly Energy Partners, L.P. operators of a Tulsa refinery and others across the U.S. as like other energy firms, it suffered from the impact of the coronavirus and the oil price war. The Dallas-based firm reported net income for the first quarter of 2020 fell to $24.9 million or …