OGE Energy Corp. announced its first quarter 2019 earnings on Thursday, showing its net income of $47 million was down from the $55 million reported a year ago. Net income for OGE was also down, coming in at $20 million compared to the nearly $31 million reported in the first quarter of 2018. The company …
Oklahoma City-based Enable Midstream Partners, LP reported revenues of $795 million for the first quarter of 2019, an increase of $47 million over a year ago. Net income attributable to limited partners was $122 million for the quarter, an $8 million increase compared to the $114 million for the first quarter of 2018. The net …
While management at Chevron is deciding what next to do with its bid to acquire Anadarko Petroleum, the company has wrapped up the $350 million acquisition of Pasadena Refining System and PRSI Trading LLC in Texas. The acquisition was made from Petrobras America Inc. It includes a 466-acre complex in Pasadena, Texas and adds a …
Leaving a tough winter behind that affected its oil production, Whiting Petroleum based in Denver, Colorado said it intends to see more production, especially in the Bakken. The Bakken is where it has the largest exploration effort but the company still has some smaller operations in western Oklahoma. Production in the first quarter 2019 totaled …
Despite first quarter losses of $8 million or 11 cents a share, WPX Energy in Tulsa had adjusted net income of $22 million or income of 5 cents a share. In its earnings report this week, the company explained the first-quarter 2019 losses included a $207 million in derivative losses due to an increase in …
Kansas City’s Tallgrass Energy L.P. announced a new project to support crude oil production in northern Colorado’s Weld County. The project is designed to move crude out of Wyoming and Colorado and eventually carry it to the Cushing hub in Oklahoma. The Hereford Project will include about 30 miles of new 12-inch pipeline near the …
Management at Tulsa’s Alliance Resource Partners, L.P., the coal company with oil and gas investments in Oklahoma’s Anadarko basin plans to reach out to potential investors. Brian L. Cantrell, Senior Vice President and Chief Financial Officer will make a presentation at the upcoming 2019 MLP and Energy Infrastructure Conference in Las Vegas, Nevada. His presentation …
“The first quarter was absolutely an outstanding one for a new Devon.” Dave Hager, President and CEO. The first quarter results for Oklahoma City’s Devon Energy obviously impressed President and CEO Dave Hager. Speaking to investors and analysts on Wednesday, he made it clear what he thought of the earnings report. “The first quarter was …
Refinery operator Holly Energy Partners, L.P. reported first quarter 2019 net income of $51.2 million or 49 cents per basic and diluted limited partner unit. It was an increase from the $46.2 million or 44 cents per unit reported in the first quarter of 2018. Distributable cash flow from its operations in Tulsa, Oklahoma, El …
ConocoPhillips announced on Wednesday it had approved a dividend for stockholders. The dividend of 30.5 cents per share will be payable June 3, 2019 to stockholders of record at the close of business on May 13, 2019. ConocoPhillips is the world’s largest independent E&P company based on production and proved reserves. Headquartered in Houston, Texas, …