From mineral management and lease negotiations to estate planning, they are among the topics planned at this week’s 2018 Oklahoma NARO convention to be held in Oklahoma City. Activities actually begin Wednesday with a bus tour of Oklahoma City’s adventure district followed by a tour of the National Cowboy and Western Heritage Museum. A barbecue …
The Creighton University Mid-America Business Conditions Index, a leading economic indicator for a nine-state region stretching from Arkansas to North Dakota, declined, but remained in a healthy range for May, according the latest monthly survey results. Oklahoma’s May Business Conditions Index remained above the growth neutral threshold for a fifth straight month though it declined to …
A move by the U.S. Department of Transportation and the Federal Motor carrier Safety Administration to allow an oil field service exemption to “frac” sand drivers drew thanks from Oklahoma U.S. Sen. Jim Inhofe and Rep. Markwayne Mullin. And no doubt, oil field operators in Oklahoma will applaud the decision. The two had campaigned to …
A new report by the Oklahoma Commerce Department shows 19 major announcements about new and expanding businesses locating in the state were made state wide in the first quarter of 2018. The growth and expansions amounted to $1 billion in investment in the state. Six of the companies were new to the state. The 19 …
A three-judge panel of the 5th U.S. Circuit Court of Appeals in Houston heard arguments this week on plans to build a 162-mile long pipeline through Louisiana swampland. The Bayou Bridge pipeline is a joint venture of Dallas-based Energy Transfer Partners and Houston-based Phillips 6. But it’s opposed by environmentalists who contend the swampland is …
With nearly $104 million net income in the first quarter of 2018, Tulsa’s Alliance Holdings GP, L.P. announced a distribution of nearly 75 cents a share to unit holders. The company said the distribution amounts to $2.99 per unit at an annualized rate payable on May 18, 2018. The distribution is also 35.9 percent more …
ConocoPhillips is urging stockholders to reject an unsolicited mini-tender offer by Baker Mills LLC to buy up to 55,000 shares of ConocoPhillips common stock. The offer represents approximately 0.005 percent of the outstanding shares of ConocoPhillips common stock. The offer price is $54 a share which is nearly 17.9 percent lower than the $65.79 closing …
A growing diesel fuel demand in the Delaware Basin of west Texas has prompted Dallas-based Holly Energy Partners, L.P. to move ahead with a nearly $20 million truck loading rack in Orla, Texas. The company, with refinery operations in Tulsa, Oklahoma and El Dorado, Kansas will expand its logistics footprint and connect to its New …
The budget bill that includes a hike in the gross production tax on oil and gas in Oklahoma has been signed into law. It’s part of the $7.6 billion Fiscal Year 2019 budget bill signed Monday by Gov. Mary Fallin, the largest in state history. Funds from the increase will help pay for historic teacher …
A claim by Israel that Iran lied in order to get the nuclear deal with the Obama administration sparked a jump in oil prices on Monday. Futures in New York went up seven-tenths of one percent, settling pennies short of a three year high. The price for a barrel of West Texas Intermediate crude …