ONEOK, Inc. announced this week its board of directors had approved a quarterly dividend of 93.5 cents per share. The dividend was unchanged from the previous quarter and resulted in an annualized dividend of $3.74 per share. The dividend is payable Feb. 12, 2021, to shareholders of record at the close of business Feb. 1, …
NGL Energy Partners LP in Tulsa announced Thursday it was offering more than $2 billion in senior secured notes. The notes are due 2026 and NGL said it expected to use the net proceeds together with borrowings under a new $500 million asset-based revolving credit facility to repay all outstanding borrowings and terminate the …
Two Democratic members of Congress don’t like the Pentagon’s choice to locate the U.S. Space Command in Alabama. They want the Pentagon to investigate how the decision was made to move the command from Colorado Springs to Huntsville, Alabama. Reps. John Garamendi, D-Calif., and James Cooper, D-Tenn., said the decision pulling the command to Huntsville, …
Hot Springs, Arkansas revealed plans to build the state’s largest municipal solar plant. The plant will consist of 31,000 solar panels to be installed on city-owned property, according to Fox 16 TV news. Upon completion, the solar project will power all of the city buildings and functions in Hot Springs. The city manager said …
Kansas is one of only 8 states in the U.S. without an official energy plan and Rep. Mark Schreiber, a Republican from Emporia says it’s time the state had one. Schreiber is now vice-chair of a Kansas House committee on Energy, Utilities and Telecommunications and wants to help develop one, according to the Wichita …
Oklahoma U.S. Sen. Jim Inhofe says Wednesday’s cancellation by President Joe Biden hours after he was sworn into office was a “sad” day for the U.S. “We came so far during the last administration – from prioritizing American energy development to ending the far-left’s war on fossil fuels,” said the Senator in a statement. …
Alberta Premier Jason Kenney didn’t mince words this week when President Biden cancelled the U.S. permit allowing construction of the Keystone XL pipeline. He wants to punish Biden and the U.S. over the cancellation that cost thousands of jobs. “This is a gut punch to the Alberta and Canadian economies,” Alberta Premier Jason Kenney …
The oil and gas industry is being warned about ramping up too quickly in the Permian Basin as oil prices hang around the $55 a barrel level. At a post-earnings call on Wednesday, Kinder Morgan’s president Kim Dang admitted there are concerns about the industry trying to claw too quickly back to pre-COVID-19 pandemic …
Yes, the Seminole Nation plans to tax oil and gas producers on its lands. But tribal members won’t be hit by the taxes. In a statement clarifying the plan that prompted the state Attorney General to become involved last month, Chief Greg P. Chilcoat said this week his tribe plans to tax non-tribal members …
On the day Joe Biden was sworn in as President, Oklahoma energy stocks took a nose dive. Whether it reflected a lack of enthusiasm by the oil and gas industry for the green-minded President or the spread of the COVID-19 pandemic, it didn’t matter. What mattered was that energy stocks suffered serious losses including a …