Sterling Energy Investments LLC, a Denver based midstream company announced it intends to expand the processing capacity and natural gas gathering pipeline infrastructure of its Centennial System in the northeastern DJ Basin of northern Colorado. Sterling completed the first phase of its existing Jackson Lake Processing plant during the second quarter of 2018. It plans …
Houston-based Solaris Oilfield Infrastructure, a company with heavy operations in Oklahoma reported first quarter 2018 net income of $13.4 million. And because of growing demand, it anticipates more operational growth in the next several months. Its adjusted earnings before interest, taxes, depreciation and amortization amounted to nearly $22 million, a 44 percent increase over …
While the President’s decision to pull out of the Iran nuclear arms deal could eventually result in higher gasoline prices in Oklahoma and other states, Oklahoma’s two U.S. Senators think the President made the right move. “President Trump has done the right thing by pulling out of the flawed Joint Comprehensive Plan of Action and …
President Trump’s decision to pull out of the nuclear arms deal with Iran, the one created by the Obama administration is already leading some energy specialists to suggest it will lead to higher gasoline prices in Oklahoma. But Leslie Gamble, Public and government Affairs Manager for AAA Oklahoma doesn’t expect an overnight reaction at the …
Those wildfires that killed two people, threatened oil and gas operations and darkened more than 350,000 acres in northwest Oklahoma also caused an estimated $26 million in losses of cattle. It’s what Dr. Derrell Peel at Oklahoma State University is estimating, according to the Oklahoma Farm Report’s Ron Hays. “”We don’t have firm numbers yet, …
More action has been taken by the Oklahoma Corporation Commission in a move to reduce earthquake activity around the towns of Covington and Douglas in northern Oklahoma. On Tuesday, the Commmission issued a directive for further reductions in the oiland gas wastewater disposal well volumes. Under the directive from the Commission’s Oil and Gas Conservation …
Oklahoma City-based Panhandle Oil and Gas reported $1 million in profits in the second quarter of 2018. It translated to a profit of 6 cents a share. The $1.01 million in profits was down from $3.47 million a year ago when per-share profits were 21 cents. Revenues fell to $11.4 million from the $14 million …
While fighting off a takeover attempt by activist investor Carl Icahn, Oklahoma City-based SandRidge Energy is reporting a net loss of $41 million in the first quarter of 2018. The loss amounts to $1.18 per share. But the company’s adjusted net income amounted to $5 million or 15-cents a share while the operating cash flow …
While Altus Air Force Base awaits the arrival of the new KC-46 Pegasus tanker and cargo plane, Boeing is pushing back on criticism about being late on delivery of the planes to the Air Force. The push-back came even as Altus AFB recently carried a story how the flight-training for C-46 refueling tanker crews will …
Oklahoma City-based Enable Midstream Partners, LP announced this week it has priced an offering of $800 million in senior notes. The offering of the 4.950% senior notes due 2028 will be at a price to the public of 99.197% of their face value. And the offering will close May 20, 2018. The Partnership intends to …