A South Dakota anti-protest law fashioned after one adopted by Oklahoma in recent years won’t be fully implemented. State officials now say they will not enforce part of the laws that critics argued targeted Native American and environmental opponents of the proposed Keystone XL crude oil pipeline. South Dakota Gov. Kristi Noem and state Attorney …
Quarterly distributions were announced by two of the SandRidge Mississippian Trusts which received proceeds from the sale of oil and gas royalties covering the Mississippian formation in northern Oklahoma and southern Kansas. Both face apparent delisting on the New York Stock Exchange. The SandRidge Mississippian trust I, covering properties in Alfalfa, Garfield, Grant and Woods …
While Phillips 66 Partners reported increased third quarter earnings, Phillips 66 reported a drop in earnings in the quarter. The company announced its quarterly earnings were $712 million, a significant drop from the $1.4 billion reported in the second quarter of 2019. However, excluding special items of $690 million in the third quarter, primarily impairments …
Phillips 66 Partners reported record earnings of $237 million or $1.15 per common unit in the third quarter, a slight increase over the earnings of the second quarter of the year. Adjusted EBITDA was $323 million up from the $319 million reported in the previous quarter. The company stated that the improvements are primarily due …
A Pittsburg County judge has postponed the lone trial that remained and had been scheduled over the 2018 drilling rig fire and explosion in which five men died in the tragic accident near Quinton, Oklahoma. At the same time, Texas-based National Oilwell Varco, L.P continues its fight to unveil the sealed confidential settlement reached by …
Oklahoma City’s EOG Resources LLC, an energy firm with operations extending to China reported success right in its back yard, bringing in a two-well pad with production of more than 1,800 barrels of oil a day. The Nighthawk 0718 wells, located at 7 9N 4W or about 7 miles west of Newcastle in McClain County …
Tulsa’s NGL Energy Partners LP announced that the Board of Directors of its general partner has declared a quarterly distribution of $0.39 per unit, or $1.56 per unit on an annualized basis, for the quarter ended September 30, 2019. This cash distribution is payable on November 14, 2019 to common unitholders of record at the …
Oklahoma City’s Enable Midstream Partners LP will be doing some shuffling of its leadership with the announced departure of Chief Operating Officer Craig Harris. He’s leaving Enable Midstream to become a chief executive for a privately-held midstream energy company. But the announcement did not identify which firm. “Craig’s impact at Enable has been significant, and …
A crane operator fired by Phillips 66 in Ponca City after he tested positive for amphetamines lost his appeal with the U.S. 10th Circuit Court of Appeals in Denver. The court ruled against Richard Turner who complained his firing violated the Americans with Disabilities Act. Turner contended he fell under the ADA because of his …
Reports indicate the saltwater purge happened near the town of Omega and close to the Blaine-Kingfisher county line has yet to decline. The water purge was reported in early July in the STACK play and at least four nearby saltwater disposal wells remain shut down while the Oklahoma Corporation Commission continues its investigation. “This is …