Southeast Colorado is getting two new solar power projects, thanks to Black Hills Energy, the firm that provides electricity and natural gas to customers in 8 states. Black Hills has joined forces with Greenskies Renewable Energy to install solar gardens in Rocky Ford and Ordway. The Rocky Ford operation will be a 500-kilowatt project while …
A North Texas Federal Judge has ruled in favor of 137 oilfield workers who sued for unpaid overtime wages from Latshaw Drilling Company LLC of Tulsa. They were represented by the national law firm of Baron and Budd of Dallas, Texas which sued Latshaw Drilling for violations of the Fair Labor Standards Act. The company …
Dallas-based Energy Transfer Operating L.P. announced this week quarterly cash distributions on two if its shares. A 46-cent dividend will be paid on the Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Units and a 59 cent dividend will be paid on the Series D Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units. The firm with crude …
Tulsa’s SemGroup Corp. announced it has wrapped up the $350 million sale of a 49 percent interest in the Maurepas Pipeline. The sale was made to investment funds managed by Alinda Capital Partners. The company said under the terms of the agreement, SemGroup has an option to acquire Alinda’s interest prior to the fifth anniversary …
From Politico’s Morning Energy Report: ConocoPhillips CEO Ryan Lance and Continental Resources CEO Harold Hamm quietly joined the board of the National Fish and Wildlife Foundation, according to a batch of emails released to the Sierra Club under the Freedom of Information Act. Interior Secretary Ryan Zinke tells NFWF CEO Jeff Trandahl that “Hamm and …
An Arkansas federal judge has ruled against P.A.M. trucking in a class-action lawsuit involving 3,000 drivers who argued they should be paid even while sleeping in their trucks. U.S. District Judge Timothy L. Brooks in Fayetteville issued his ruling denying the Tontitown, Arkansas-based trucking company a motion to dismiss the lawsuit, The trucking company, with …
Colorado Gov. John Hickenlooper’s concerns about oil and gas drilling on the greater sage grouse have prompted the Colorado Bureau of Land Management to remove nearly 149,000 acres from a December sale of federal oil and gas leases. The BLM announced it would remove 142 parcels totaling 148,797 acres that are in the greater sage …
Reuters is reporting Blackstone Group has agreed to buy Ulterra Drilling Technologies of Fort Worth in a $700 million acquisition. Ulterra, manufacturer of drill bits and downhole tools is said to be one of several oilfield service firms shopped around in recent weeks. The company is not commenting about the sale. But sources indicate Blackstone …
Plans have been unveiled for a Missouri Hyperloop linking Kansas City with high-speed transportation along Interstate 70 to Columbia, Missouri and St. Louis. Black and Veatch released its feasibility study after 9 months of reviewing the possibility of such a transportation line. A report by the Kansas City Business Journal indicated the study claimed the …
Houston-based Schlumberger Limited reports a 2% increase in third quarter earnings of $8.5 billion. The company said its pretax operating income was $1.2 billion which was a 5% increase sequentially. But operations in Oklahoma and Texas didn’t produce the realized revenue that the company was anticipating. Cash flow from operations totaled $1.8 billion leading Paal …
