Plains All American Pipeline, L.P. and Plains GP Holdings announced their quarterly distributions with respect to the second quarter of 2019. Both have extensive pipeline and crude oil storage operations throughout Oklahoma. PAA announced a quarterly cash distribution of $0.36 per common unit ($1.44 per unit on an annualized basis), which is unchanged from the distribution …
The Oklahoma Employment Security Commission (OESC) is accepting applications for Disaster Unemployment Assistance (DUA) as a result of severe storms, straight-line winds, tornadoes, and flooding that occurred from May 7, 2019 to June 9, 2019. Under Presidential Disaster Declaration (FEMA-4438-DR ) issued on June 1, 2019 and amended on June 8, 2019, workers who lost their jobs …
A day doesn’t pass that somewhere in the U.S. there is political discussion or news stories about China and its targeting of American firms for technology. Corporate theft. Spying. Even in Oklahoma where a 35-year old Chinese national faces charges of stealing trade secrets from Phillips 66 in Bartlesville. But the Bartlesville case is no …
More oil and gas drilling rigs have gone into inactivity across the U.S. and in Oklahoma in the past week. Oklahoma’s rig count dropped by 5 to reach 97. A year ago, the state had 141 rigs pursuing new energy. The national count, according to Baker Hughes Co. dropped by 4 to 963. The number …
Bombardier, the airplane manufacturer with operations in Oklahoma City announced it intends to build and assemble its newest business jet, the Learjet 75 Liberty in Wichita. How many more new jobs it might mean isn’t known. The Learjet 75 Liberty is a six-seat light jet. “The Learjet 75 Liberty demonstrates our commitment to this iconic …
NGL Energy Partners LP announced that on July 2, 2019, it completed a private placement to institutional investors of $400 million of its Class D Preferred Units and warrants to purchase common units representing equity interests in the Partnership. The Class D Preferred Units bear an initial preferred distribution rate of 9.00%, are redeemable at any time at …
Chaparral Energy, Inc. announced the company was added to the Russell 3000® Index on July 1 as part of the 2019 Russell U.S. Indexes reconstitution. “Chaparral is pleased to be included in the Russell 3000® Index,” said Chaparral Chief Executive Officer Earl Reynolds. “Our commitment to the strategic, low-cost development of our high-return STACK assets and …
NGL Energy Partners LP of Tulsa announced the closing of its previously announced acquisition of all of the assets of Mesquite Disposals Unlimited, LLC for a total purchase price of $892.5 million on a cash-free, debt-free basis, a portion of which will be funded in deferred payments. “The closing of our Mesquite transaction creates the …
OG&E is launching its 13th annual fan donation program by delivering 1,200 electric fans to social service agencies serving low-income and elderly residents across its service area in Oklahoma and western Arkansas. The fan donations are part of OG&E’s Silver Energy™ Program which provides seniors with residential choices designed to increase their comfort, safety and savings. “We’re working …
Oklahoma City’s Devon Energy has released its July 2019 Investor Presentation, one that boasts of defining the “New Devon.” It says the company has a world-class U.S. oil portfolio with unrivaled acreage position in the top basins, multi-decade growth inventory and resource depth allowing for portfolio high-grading. The new report cites oil production from four …