Phillips 66 Partners LP reported second quarter 2019 earnings of $233 million or $1.15 per diluted common unit. It was an increase over the $198 million reported in the first quarter of 2019. The company’s adjusted EBITDA totaled $319 million compared to $281 million in the previous quarter. “This quarter we had record earnings …
Houston’s Cheniere Energy Partners, the firm building a new natural gas line from Kingfisher south to Texas reported a cash distribution of 61 cents a share. It translated into $2.44 annualized to unitholders of record as of Aug, 6, 2019 and will be payable on Aug. 14, 2019. The distribution comes as the company is …
Tulsa’s Cypress Energy Partners, L.P. announced a second quarter cash distribution of 21 cents a common unit. The board of directors declared the distribution which was the same as the first quarter of 2019. The second quarter distribution will be payable Aug. 14, to unitholders of record on Aug. 7, 2019. Cypress had first quarter …
Four wells with production of nearly 3,400 barrels of oil a day off a single pad were reported by Newfield Exploration Mid-Con. Inc. The Ronnie 1610 wells were drilled in Blaine County at 34 16N 10W at a site approximately 10 miles east of Watonga. The largest of the four wells produced 1,018 barrels of …
The oil and gas rig count in Oklahoma dropped again in the past week while the national count did the same. Oklahoma’s count slipped by 2 to 93 working rigs compared to 137 rigs reported a year ago. Nationally, the count dropped 8 to reach 946. The oil rig count is down 3 to 776 …
Kelly Craft, the wife of Oklahoma coal magnate Joseph Craft III received a favorable vote Thursday in the Senate Foreign Relations Committee to be the U.S. ambassador to the United Nations. Her nomination was sent to the full senate for a vote. Craft’s husband is president and chief executive officer of Tulsa-based Alliance Resource Partners, …
Crude oil pipeline operator Tallgrass Energy, LP based near Kansas City announced its second quarter earnings which reflected a 54-cent a share dividend for shareholders. Net income totaled $71.6 million while adjusted EBITDA was $254.3 million. Cash Available for dividends was $204.8 million. The new adjusted EBITDA brought the figure for the first six months …
Tulsa’s oil and gas accounting firm The Resource Group has been acquired by San Antonio-based Avisto Capital Partners LLC in an expansion move. This is Avisto’s second acquisition of a back office advisory service provider in the epicenter of the U.S. crude oil and natural gas producing region. Avisto’s first acquisition, Eddye Dreyer Financial Services, …
Secretary of Defense Mark Esper signed a memo on his first full day on the job to create a task force to focus on cancer-causing chemicals found on military bases including those in Oklahoma City, Enid, Tulsa and Altus. Military Times reported that Esper told reporters the purpose of the task force was to “address …
Dividends for shareholders of Panhandle Oil and Gas as well as Blueknight Energy Partners were declared this week by the two Oklahoma-based energy companies. Blueknight Energy directors declared a quarterly cash distribution of 4 cents per common unit and 17.875 cents per preferred unit. The payments will be made Aug. 14 to unitholders of record …