Holly Energy Partners, L.P. the Dallas firm with a refinery in Tulsa announced increased third quarter earnings of $45 million or 43 cents a share. The earnings were up from the $42.1 million and 66 cents a share reported in the third quarter of 2017. The distributable cash flow was $66.6 million for quarter which …
Just as Oklahoma City’s Chesapeake Energy announced it has completed the nearly $2 billion sale of its nearly 1,500,000 acres and holdings in the Utica Shale operating area of Ohio to Houston’s Encino Acquisition Partners, it’s announced the nearly $4 billion purchase of a Houston exploration company. Chesapeake said it’s entered into an agreement to …
Devon Energy Production is reporting three more Kingfisher county wells in Oklahoma’s STACK play including one producing more than 1,000 Boed. The completion reports issued Monday by the Oklahoma Corporation Commission showed all three wells were drilled on the same pad located at 4 16N 9W located midway between Kingfisher and Watonga. The Mosasaurus 4-16n-92 …
Oklahoma Corporation Commissioner Bob Anthony has been reappointed to the Board of Directors of the National Association of Regulatory Utility Commissioners. The appointment was made by NARUC’s president John W. Betkoski and the new term ends Oct. 31, 2022. While Anthony was a member of the Association, he was elected chairman of the National Regulatory …
The Altus Police Department got improved technology this week, thanks to a donation of 40 mobile data laptop terminals from CenterPoint Energy. The company is in the process of replacing these laptop terminals used for field technician trucks; the donated units will support field officers of the Altus Police Department. “Safety is one of CenterPoint …
Tulsa’s ONE Gas, Inc. is reporting third quarter 2018 net income of $16.3 million or 31 cents a share, a drop from the $18.8 million and 36-share earnings reported a year ago. Year-to-date 2018 net income is $127.5 million or $2.41 per diluted share which is better compared to a year ago when the net …
The Oklahoma Aerospace Forum scheduled for Tuesday in Oklahoma City will feature former Oklahoma congressman Jim Bridenstine who is now head of NASA. He and U.S. Rep. Steve Russell will be speakers during the day long event at the Skirvin Hotel. Bridenstine will speak at 11:15 a.m. while Congressman Russell will deliver the closing remarks …
The former managing director and vice chairman of a Swiss bank was sentenced to 10 years in prison Monday, after previously pleading guilty for his role in a billion-dollar international scheme to launder funds embezzled from Venezuelan state-owned oil company Petróleos de Venezuela, S.A. (PDVSA). Assistant Attorney General Brian A. Benczkowski of the Justice Department’s …
The Mayes County man who sued 5 years ago to stop a gravel operation on Saline Creek says it’s time the Ozark Materials River Rock Company shut down the operation. Earlier this month, the U.S. Supreme Court declined to hear the company’s appeal following a ruling by the Denver Federal Appeals court upholding David Benham’s lawsuit. …
Even as a Phillips 66 Partners pipeline is under construction the Permian Basin, the company is expanding its capacity. The company announced it will expand the Gray Oaks crude pipeline to 900,000 b/d because of the strong demand to move Permian crude to the US Gulf Coast. “The Partnership is constructing the Gray Oak Pipeline, …