Tulsa’s NGL Energy Partners LP announced a $890 million acquisition of Mesquite Disposals Unlimited. NGL is combined all of Mesquite’s assets with NGL’s Water Solutions business. It is considered a cash-free, debt-free basis. Under the agreement, Mesquite SWD will remain the operator of the Mesquite assets led by Mesquite’s current management team. The assets consist …
“We had an excellent 2018 year with strong growth and we are off to a great start in 2019.” Peter Boylan, CEO at Cypress Energy. Cypress Energy Partners, L.P. in Tulsa reported first quarter 2019 revenues totaled $90.4 million, an increase of 39 percent over the previous year. The company’s net income was $1.4 …
A Denver company that supplies a large amount of natural gas liquids to ONEOK in Oklahoma is in the processing of more than doubling its natural gas processing capacity at its supersytem in Wyoming’s Powder River Basin. Meritage Midstream Services II, LLC announced the construction of Steamboat I, a new plant that will have a …
Leaders of Oklahoma City’s Enable Midstream Partners, LP are hoping to attract new financial investments when they take part in a conference this week in Las Vegas, Nevada. The company management will participate at the Master Limited Partnership Association’s 2019 MLP and Energy Infrastructure Conference. For those interested, material to be presented at the conference …
The Navy’s Blue Angels. Now that’s a low of energy and power! And the premier flight demonstration team will be at Tinker Air Force base next month at the Star Spangled Salute Air and Space Show. It’s been more than 10 years since the Blue Angels last performed at Tinker AFB. The F/A-18 fighter-attack planes …
In an attempt to attract more investors, leaders of ONEOK Inc. are taking part in this week’s Citi Global Energy and Utilities Conference in Boston, Massachusetts. Materials used at the conference are accessible on ONEOK’s website, www.oneok.com. The conference concludes May 15.
The Oklahoma Corporation Commission approved OGE’s proposed $53 million purchase of two power plants in the state. Unanimous approval was for the acquisition of the AES Shady Point plant near Poteau and the Oklahoma Cogeneration LLC facility in Oklahoma City. The company, which filed its preapproval request in December 2018, is expected to pay approximately $53 millionfor …
Gross production taxes on oil and gas increased nearly 32 percent in April from a year ago helping boost gross receipts to the Oklahoma Treasury to a record high. But they slipped from March 2019 collections, another sign of the impact that stagnant oil and gas prices are having on the economy. State Treasurer Randy …
Following a drop in U.S. crude inventories in the past week, gasoline prices in Oklahoma and the region have slipped too. Oklahoma’s average is down about 4 cents a gallon to $2.56 compared to this week’s national average of $2.86 per gallon, according to AAA Oklahoma. The national average also fell about 4 cents. The …
Oklahoma’s latest earthquake happened early Monday morning in the north central part of the state. The 2.9 magnitude quake happened around 2:50 a.m. and its epicenter was closed to the town of Lucien which is about 22 miles east of Enid. The U.S. Geological Survey issued the following information about the earthquake which is in …