Tinker Air Force base in Oklahoma City and Altus Air Force base are ready for the KC-46 Pegasus tankers produced by Boeing and based now in Wichita, Kansas. The KC-46 , a heavily remodified Boeing 767 is replacing the KC-135. Crews of the refueling airplane will be trained at Altus AFB and the plane …
Rig counts rebound nationally but remain steady in Oklahoma
While the number of oil and gas rigs drilling for new energy in Oklahoma remained the same in the past week, the national count gained, offsetting a large drop in the previous week. Oklahoma’s count remained at 126 while the national count increased by 9 to reach 1,059 working oil and gas rigs. The national …
Cheniere Energy declares distribution
Another Texas firm with active operations in Oklahoma’s STACK and SCOOP plays has declared a cash distribution. Houston’s Cheniere Energy Partners, L.P., the firm building a 200-mile natural gas line from Kingfisher County south to the Texas line declared a 59 cent a share distribution. The annualized distribution amounts to $2.36 per share and the …
Blueknight Energy declares distribution
Oklahoma City’s Blueknight Energy Partners, L.P. declared an 8 cent a share cash distribution on common units for the fourth quarter of 2018, same as the amount for the third quarter of the year. The Board of Directors also declared an 18 cent distribution on the Partnership’s preferred shares. Like the distribution on the …
Rep. Mullin says Green New Deal is an ’empty promise’
By Congressman Markwayne Mullin The new Congress brought in many new members to Capitol Hill. Along with it came dozens of progressives, whose liberal ideas and leftist platforms would drive our country straight into socialism. One such idea is the Green New Deal. The Green New Deal aims to harvest 100 percent of U.S. electricity …
Director at Mid-Con Energy dies
Tulsa’s Mid-Con Energy Partners, LP announced the death of one of its directors, Peter Adamson, III. The 77-year old director had been on the Board of Directors since 2011. “It is with great sorrow that we announce the passing of our dear friend and board member,” stated Executive Chairman, Randy Olmstead. “Pete was an inspiration …
Modest growth reported in regional manufacturing
The Kansas City Federal Reserve Bank issued a report showing there is still modest growth of manufacturing activity in its district that includes Oklahoma. The Bank indicated that the month-over-month finished goods price index was up while the raw materials price index was lower. And price expectations are expected to hold steady for …
Senator wants states to oversee drilling on federal lands
Wyoming U.S. Sen. John Barrasso is trying again to get support for a bill to grant authority to states to oversee oil and gas projects on federal lands. The “Opportunities for the Nation and States to Harness Onshore Resources for Energy Act would allow states to apply to the Interior secretary for exclusive authority to …
Violence in Venezuela forces oil prices upward
Oil prices rose on Friday because of the turmoil in Venezuela where there were more violent street protests over the government’s leadership of Nicolas Maduro and attempts by opposition leader Juan Guaido to take over as President. Prices rose as concerns did too about the increased chances of a tighter global supply if the U.S. …
WildHorse Energy shareholders face deadline over merger with Chesapeake Energy
A January 30 deadline has been set by Chesapeake Energy Corporation and WildHorse Resource Development Corporation regarding shareholders. Chesapeake is in the process of acquiring WildHorse in a $4 billion deal. The election deadline is for record holders of shares of WildHorse’s common stock to decide the form of merger consideration they want …