Tulsa-based Blueknight Energy Partners, L.P. announced it has received a $147 million buyout offer from Ergon, Inc. based in Jackson, Mississippi. Ergon, Inc. is a crude oil processor, transporter and marketer of refined products including asphalt. It also manufactures road maintenance products and equipment and predominant owners are members of the Lampton family including William …
Oklahoma City’s Enable Midstream Partners LP reported a decline of overall revenues for the second quarter 2019 but an increase in net income. The company had total revenues of $735 million, a decline of $70 million compared to the $805 million reported in the second quarter of 2018. Net income attributable to limited partners was …
Tulsa-based Unit Corporation reported a second quarter net loss of $8.5 million or 16 cents a share compared to $5.8 million in net income and 11 cents a share for the second quarter of 2018. The company blamed the loss on the declining prices of natural gas liquids. The company’s adjusted net loss for the …
Despite record oil production in the second quarter of 2019, Oklahoma City-based Chesapeake Energy reported a quarterly loss of a dime a share. The company had earnings of 15 cents a share one year ago. Chesapeake reported revenues of $1.45 billion for the quarter that ended in June while one year ago, its revenues …
Devon Energy reports three wells on a single pad in Oklahoma’s STACK produced nearly 3,800 barrels of oil a day upon completion. The Baker 9_6-15n-11w wells were drilled at 9 15N 11W or about 3 miles southeast of the city of Watonga in Blaine County. The largest well had production of 1,374 barrels of oil …
Oklahoma City-based Continental Resources’ second quarter earnings came in short of estimates as the company reported net income of $236.6 million or 63 cents a diluted share. Quarterly adjusted profit was down 19.7% because of weaker crude and natural gas prices that offset an increase in the company’s overall production. U.S. light crude prices averaged …
Like the national gasoline trend, prices at the pump in Oklahoma dropped a penny to two cents a gallon in the past week. The national average price, according to AAA Oklahoma is $2.71 while the average in Oklahoma is down to $2.42 per gallon. Tulsa county has the lowest average at $2.32 a gallon …
An Oklahoma City U.S. District Court judge has dismissed part of a class-action lawsuit filed by employees of the Oklahoma City firm of SB Directional Services LLC. Judge Robin J. Cauthron ruled in a lawsuit brought by Clayton Foutch against the company that has experience in management, oil and gas and directional drilling. Foutch’s lawsuit, …
The mayor of a small town in the heart of the Permian Basin of West Texas wants to store some of the nation’s nuclear waste at a proposed site. Read the story at Finance and Commerce. Click here.
Those scooters you see ridden in downtown Oklahoma City and more and more metro areas might be harming the climate more than other forms of transportation according to one new study. E and E News reports that electric scooters may emit more greenhouse gas emissions than competing modes of transportation, resulting in a larger environmental …