Houston’s pipeline company Kinder Morgan says its $180 million net loss for the second quarter was driven by a drop in the value of its pipeline and gathering facilities in Oklahoma. The company said the writedown in the Oklahoma value was $600 million. Total impairments came to $750 million and prevented the firm from making …
If you live in the country, chances are you are spending more on energy bills than your neighbors in nearby towns and cities. It’s the finding of a study by the American Council for an Energy-Efficient Economy and the Energy Efficiency for All Coalition. The report indicated rural households spend about 40% more than their …
The judge’s gavel has come down in lawsuit filed by the Caddo Nation of Oklahoma over a Wichita Tribal History Center and it has been dismissed by an Oklahoma City federal judge. U.S. District Judge Joe Heaton dismissed the suit because the history center is completed. The Caddo Nation originally filed suit contending …
Phillips 66 Partners LP announced a slight increase in its second-quarter 2018 cash distribution. The $0.752 dividend issued for each common unit represented a 5.3 percent increase over the previous quarterly distribution of 71 cents a unit. It was also a 22.3 percent jump over the second quarter of 2017. Company leaders in Houston said …
Tulsa’s Williams Partners L.P. reports its Atlantic Sunrise pipeline project is nearing completion. The line is considered by the company to be a “critical expansion” of the existing Transco natural gas pipeline connecting Marcellus gas supplies with markets in the Mid-Atlantic and Southeastern U.S. Williams indicated this week that the project is targeted for mechanical …
An investigation is underway into the Wednesday afternoon fiery explosion that injured three workers at a Devon Energy Company waste disposal well near Kingfisher. The three were rushed to the Kingfisher Hospital and one was later flown to the Baptist Integris hospital in Oklahoma City. The incident happened at mid-afternoon at the well located about …
Oklahoma City-based Devon Energy announced it has completed a more than $3 billion sale of its ownership interests in EnLink Midstream Partners, LLP and EnLink Midstream LLC. The total sale was $3.125 billion to affiliates of the independent infrastructure fund Global Infrastructure Partners. Devon said with the closing of the transaction, the financial results of …
A new leader of the Oklahoma Forestry Services firefighting efforts was named this week. Andy James was promoted to assistant director and fire management chief. He’s been with the agency for 22 years and will lead the agency’s wildfire suppression and mitigation operations. He will also provide leadership for the division’s field operations based out …
Poultry farms are growing in northeast Oklahoma. And residents don’t like it. Opponents met recently in the town of Peggs. Their meeting attracted residents from Tahlequah to Colcord, according to the Tulsa World. Residents are concerned about water and air quality, health and water shortages and they’re ready for a fight. Here’s why. The Oklahoma …
The suggestion of replacing Cushing as the oil hub setting the price of U.S. crude has resurfaced again. The Wall Street Journal raised the question this week in a story that announced Houston is ready to get its own oil futures. Intercontinental Exchange Inc. ICE, is planning a new crude futures contract with physical delivery …
