Billionaire oilman Harold Hamm is giving some of his money toward diabetes research at the OU Medical Center. It was announced over the weekend the Harold Hamm Foundation made a $34 million gift to the Harold Hamm Diabetes Centers at OU Medicine. It is considered to be the largest gift ever to the Center and …
After issuing a warning last week that lead and copper levels were too high at a drinking fountain of a Norman elementary school, the State Department of Environmental Quality admits it was wrong. There were no such high levels. It was a mistake. A resampling, according to the DEQ showed “no exceedance of lead and …
Pluses and minuses. It’s how Moody’s Investors Service views the $4 billion purchase of Anadarko Petroleum corporation’s midstream assets by Western Gas Partners, LP. In a report, Moody’s called it a credit negative for Western Gas saying it significantly increases the firm’s financial leverage. But because the acquired assets are close to the partnership’s existing …
Tulsa-based NGL Energy Partners LP announced on Monday the sale of its saltwater operations in North Dakota to an affiliate of Kansas City based Tallgrass Energy LP in a $91 million deal. It’s seen as a move by NGL to develop a stronger focus in the Permian Basin. The NGL Water Solutions Bakken LLC …
Winter isn’t officially here but you couldn’t tell it by the prices at the gasoline pumps. Winter usually means lower prices but they’re already here, reaching an average of $2.39 a gallon in Oklahoma, a 12-cent drop in the past week. AAA Oklahoma reports this week’s average is approaching the $2.36 average one year ago …
The number of oil and gas drilling rigs in Oklahoma rose by 4 in the past week as the state’s count reached 148. Nationally, the count jumped by 14 to hit 1,081. Oklahoma’s count compares to 123 rigs reported a year earlier. The nationwide increased included 12 more oil rigs, reaching a total count of …
Three electric cooperatives serving Oklahoma customers are among 46 nationally getting part of $1.6 billion in loans approved by the U.S. Department of Agriculture. The largest is $133 million loaned to KAMO Electric Cooperative Inc. in Vinita. The money will be used to improve transmission lines serving customers in northeast Oklahoma and southwest Missouri. A …
Houston’s Anadarko Petroleum is unloading nearly all of its midstream assets in the Permian Basin in Texas and New Mexico and the DJ basin Colorado. It’s selling them to its master limited partnership Western Gas Partners for $4.02 billion. The sale includes pipelines and Western Gas will take over complete ownership of DBM Oil Services …
Cheniere Energy, Inc., a Texas-based company with major operations in Oklahoma reported $65million net income in third quarter 2018 following a reported loss a year earlier. The company said its per share value had a 26-cent profit. The company indicated total revenues for the quarter came to $1.8 billion, up from the $1.4 billion reported …
Shareholders in Tulsa’s Williams Companies are getting a new dividend, courtesy of the board of directors. The board voted to support a regular dividend of 34 cents a share or $1.36 annualized. It will be payable on Dec. 31, 2018 to those who are holding shares at the close of business on Dec. 14, 2018. …