Houston’s Cheniere Energy finally has received the go-ahead to begin construction on its more than $1 billion Midship natural gas pipeline in Oklahoma. On Wednesday, the U.S. Federal energy Regulatory Commission authorized Cheniere to start construction on about 13 miles of the 234-mile line that will carry natural gas from near Kingfisher south to the …
Wall Street certainly liked what Oklahoma City’s Chesapeake Energy reported this week about its earnings. Trading showed a nearly 10 percent increase as of Wednesday. Here’s how The Street reported the reaction. Rising natural gas prices were a tailwind for Chesapeake Energy (CHK – Get Report) in the fourth quarter as the company topped analysts’ expectations …
Cheniere Energy Inc, the largest U.S. liquefied natural gas exporter and the firm building a 200-mile pipeline across Oklahoma went to court this week suing its former chairman and chief executive Charif Souki. The company accused him of conspiring to help finance a joint venture that led to the formation of Cheniere’s LNG rival Tellurian …
Kansas City-based CorEnergy Infrastructure Trust, Inc. reported net income of $34.1 million for 2018 or $2.79 per diluted share. The Company also announced a fourth quarter 2018 dividend of 75 cents a share which was in line with the previous 13 quarterly dividends. In December, the firm sold its Portland Terminal and its remaining …
Filings with the Securities Exchange Commission were made this week by Oklahoma Gas and Electric reflecting the disposal of shares by three directors. Jean C. Leger Jr. who is Vice President of Utility Operations disposed of 20,374.8446 shares valued at $42.24 each. Jerry A. Peace, the company’s Vice President of Integrated Resource Planning and …
Tulsa-based ONEOK, Inc. announced its annual shareholders meeting will be held Wednesday, May 22, 2019. It will begin at 9 a.m. and also be audio webcast on ONEOK’s website, www.oneok.com. The record date to determine shareholders entitled to receive the notice of the meeting and to vote is March 25, 2019.
The Public Utility Division (PUD) of the Oklahoma Corporation Commission announced it has reached a proposed settlement with Public Service Company of Oklahoma (PSO) in PSO’s rate case. PSO originally requested an $88 million overall rate increase, resulting in an estimated $7 monthly increase for the average residential customer. Under the settlement, the overall …
The Oklahoman newspaper reports that the FBI has been investigating former Marathon Oil Corp. chairman Dennis Reilley of Oklahoma City on allegations of insider trading. In a story this week, the paper said the 66-year old had been a target of the FBI probe regarding a 2014 merger of two medical companies. It came as …
Remember the Dakota Access pipeline and the encampment by thousands of protesters? The company behind the line, Energy Transfer Partners of Dallas has renewed legal efforts targeting the Greenpeace environmental group. After a federal judge in North Dakota tossed the company’s $1 billion racketeering claim, Energy Transfer Partners filed suit in state court in North …
Houston liquefied natural gas company Cheniere Energy closed 2018 with a $471 million profit as LNG exports continue to grow. Cheniere is building a nearly 200-mile natural pipeline across Oklahoma to carry natural gas from the STACK play to connections in southern Oklahoma. The company reported making $67 million of net income on nearly $2.4 billion …
