With crude oil gathering and storage operations in Oklahoma, Dallas-based Holly Energy Partners, L.P. announced an increase of its quarterly dividend for the 56th consecutive quarter. The company declared a cash dividend of 66 cents a share for the third quarter of 2018 which was a 3.1% increase over the third quarter 64 cent dividend …
Halliburton Company reported third quarter earnings of $435 million or 50 cents a diluted share. The Houston company with major operations in Duncan, Oklahoma and offices throughout the state considered revenue to be flat. It’s a drop from the $511 million reported in the second quarter of the year when the earnings were 58 cents …
At least three earthquakes were reported over the weekend in Oklahoma, Missouri and Texas. The U.S. Geological Survey indicated at 3.1 magnitude earthquake struck Saturday morning at 7:47 with an epicenter a few miles west of the Post Oak in southern Oklahoma. The epicenter was also about 19 miles southwest of Ardmore with a depth …
The oil leak into Turkey Creek in Purcell involved an estimated 45 barrels of oil from a production tank over the weekend. Matt Skinner, a spokesman with the Oklahoma Corporation Commission indicated the oil came from a tank and well operated by January Investments, LLC of Norman. A total of about 132 barrels of oil …
With national gasoline prices reaching an average of $2.85 a gallon, prices have fallen in Oklahoma to an average of $2.61, down 7 cents in the past week. Oklahoma’s average is the same in Texas while prices are slightly higher in Kansas where the average is $2.67. Missouri’s down to $2.59 a gallon and the …
One of Continental Resources latest successes revealed in a completion report on file with the Oklahoma Corporation Commission shows production of more than 1,600 barrels of oil a day. And it was the company’s latest discovery in the SCOOP. The Triple H 2-30-31hs well is located about 8 miles east of Chickasha next to State …
Congressman Steve Russell (R-OK) spoke at the 2018 Annual Meeting of the Oklahoma Oil and Gas Association, the oldest trade organization in the U.S., in Oklahoma City on Friday. “The oil and gas industry is vital to America’s economy, security and high standard of living,” Russell said. “Because of our energy sector, hundreds of thousands …
The latest oil and gas rig counts saw Oklahoma’s slip by one to 141 while the national numbers rose by 4 to reach 1,067. Baker Hughes in Houston and the Independent Oil and Gas Association in Wichita reported the figures on Friday. The U.S. count included the addition of 4 oil rigs to reach a …
Colorado businessman Baljit S. Nanda has again lost his lawsuit against Phillips 66 company in a fight over the more than $1 million sale of some of his gas stations and convenience stores in Oklahoma and other states. The 10th U.S. Circuit Court of Appeals upheld a lower court jury’s decision in a counter-lawsuit filed …
One of the energy companies sued over the January 2018 gas rig explosion that killed five men near Quinton, Oklahoma has responded to the allegations in the suit. Red Mountain Energy of Oklahoma City filed its answer to the suit in Pittsburg County District Court. The suit was filed by families of two of the …
