Tulsa-based NGL Energy Partners LP announced this week its board declared a distribution for the quarter ending June 30 to be paid to holders of its preferred units. The payments range from 56 to 60 cents a unit, depending on the kind. NGL’s distribution will be 56 cents for each of the partnership’s 9% …
With only 10 oil and gas rigs operating in Oklahoma, interest in drilling for new wells remains low. But three filings were made this week for permits to drill in Canadian, Kay and Kingfisher Counties. Citizen Energy III LLC of Tulsa received permits to drill three Loves wells near the Love’s Travel Stop at …
Oklahoma City’s Mammoth Energy Services has filed additional proxy material for its upcoming July 2 annual meeting of shareholders. In the SEC filing, the company explained the material follows the June 10 proxy statement furnished to stockholders for use at the annual meeting. “The purpose of this information is to inform you that the Company …
Ruling against environmentalists, the U.S. Supreme Court on Monday decided that the federal government has the authority to allow a proposed $7.5 billion natural gas pipeline to cross under the popular Appalachian Trail in rural Virginia. The 7-2 ruling was a victory for Dominion Energy Inc and President Donald Trump’s administration, both of which …
Have leaders at Oklahoma City’s Chesapeake Energy Corp. decided to pull the trigger on filing for bankruptcy? Reuters says its sources contend the struggling massive company, with a campus in north Oklahoma City and more than $9 billion in debt, might take the action yet this week. If so, Chesapeake would be the largest …
Crude-oil production from seven major U.S. shale plays is forecast to decline by 93,000 barrels a day in July to 7.632 million barrels a day, according to a report from the Energy Information Administration released Monday. Shale output from all major U.S. shale plays is expected to post monthly declines, with the Eagle Ford region forecast …
US and European oil prices were up in Monday’s trading with West Texas Intermediate July futures increasing more than 2%. WTI rose 86 cents and settled at $37.12 a barrel in trading on the New York Mercantile Exchange. Brent crude rose $1.12 or 2.89% to finish the day on ICE futures at $39.85. Natural …
** Arkansas utility regulators are expected to evaluate three proposed solar farms this summer, including one that has a battery storage plan. ** While Murray Energy’s bankruptcy case could soon wrap up, it doesn’t resolve questions about how long the struggling coal industry can last with competition from natural gas and renewables. ** An Australian company with a troubled Kentucky coal …
Key Energy Services, Inc. announced Monday the appointment of Nelson Haight as Senior Vice President, Chief Financial Officer and Treasurer. Haight is an accomplished professional with three decades of experience in senior level positions with public and private companies spanning such areas as finance, technology, business process systems integration, restructuring, refinancing, growth acquisitions, strategic and organizational planning …
The Oklahoma City Branch of the Federal Reserve Bank of Kansas City released the latest Oklahoma Economic Snapshot showing the state’s economy is starting to pick up following the shutdown caused by the coronavirus pandemic. “Since March, COVID-19 and the collapse in commodity prices have presented significant challenges for the state and U.S. economies. …