** Houston’s Rangeland Energy III LLC and one of its subsidiaries has started construction of a 53-mile Marten Hills Pipeline System in north central Alberta, Canada. It will serve Plains Midstream Canada’s Rainbow Pipeline System and will consist of new crude oil and condensate lines with operations to be underway in the second quarter of …
Water conference registration is underway
Registration is officially open for the upcoming 40th annual Oklahoma Governor’s Water Conference and Research Symposium. Go to: https://owrb.ok.gov/apps/GWC/ to register for the December 4 and 5 event to be held at the Reed Conference center in Midwest City. The annual Oklahoma Governor’s Water Conference attracts hundreds of water officials and citizens who share an …
New Mexico Governor taking heat over wastewater treatment plan
Environmentalists are coming out against the New Mexico Governor’s plan to treat oil and gas wastewater before returning it to the earth, calling it “reckless.” The Carlsbad Current-Argus reported the story this week. New Mexico Gov. Michelle Lujan Grisham’s plan to address oil and gas waste water drew criticism from environmentalists as the State begins …
Phillips 66 Partners Increases Quarterly Cash Distribution
A third-quarter cash distribution of $0.865 per share was announced Thursday by Phillips 66 Partners LP. It represented an increase of one cent per unit from the second quarter of 2019. The distribution was also the 24th consecutive quarterly increase since Phillips 66 Partners’ initial public offering in 2013. It also represents a 9% …
Lodging provider Civeo to release earnings report next week
Mancamp-provider Civeo Corporation, the Canadian-based firm with manufacturing operations in Oklahoma plans to release its third quarter 2019 earnings report on Friday, October 25. The report will be released before the market opens on that day and company management will later hold a conference call at 10 a.m. Central Time to discuss the results. With …
Improved production at Gulfpoint Energy in OKC
Production gains for the third quarter of the year were reported by Oklahoma City’s Gulfport Energy Corporation this week. Net production for the third quarter was up 12% over the second quarter of 2019 and averaged nearly 1.5 billion cubic feet equivalent. The mix included 93% natural gas, 5% natural gas liquids and 2% oil. …
Helmerich and Payne to release earnings report in November
Tulsa’s Helmerich and Payne plans to release its fiscal fourth quarter 2019 earnings report on Friday, November 15, 2019. The release will be made with a conference call at 10 a.m. Central Time. John Lindsay, President and CEO will be joined by Mark Smith, Vice President and CFO and Dave Wilson, Director of Investor Relations …
Name change is official for Baker Hughes Company
Following the considerable sale of General Electric stock, Baker Hughes has successfully changed its name to Baker Hughes Company. It is no longer Baker Hughes GE. The change will take place officially Friday, October 18, the date that its Class A common stock will begin trading on the New York Stock Exchange under the symbol …
Wells Fargo signs deal to create massive Texas solar farm
Wells Fargo has announced a 10-year structured renewable energy agreement to provide solar power from a new Texas facility to nearly 400 Wells Fargo properties. The deal is with Reliant, an NRG Energy company and is the bank’s largest contract to date in support of its corporate strategy to advance the development of new sources …
Shawnee Tubing Industries closing doors
A longtime manufacturing company in Pottawatomie County will cease operations according to a report by KOCO TV News. Shawnee Tubing Industries, which has gone through layoffs and has faced competition, will close its doors for good Wednesday. The company was a pillar in the community for more than 50 years. “A very difficult and painful …