Linn Energy Inc. in Houston has announced a plan to split into two companies this year in a move that will affect operations in Oklahoma. The announcement came a year after the company was formed following the emergence from bankruptcy by Linn Energy LLC. With a main focus on what it describes as the “development …
Valero is investigating the cause of a Thursday explosion at its 225,000 barrel-a-day refinery in Texas City, Texas. No one was hurt and the fire was quickly contained. The blaze, according to the Texas City Emergency Management department burned light hydrocarbons and was contained in about 90 minutes. The fire happened at a 12,000-bpd alkylation …
Chesapeake Energy announced Friday its Board of Directors declared dividends on outstanding convertible preferred stock issues. Dividends were for stock issued in 2005 and 2010 with interest rates ranging from 4.50% to 5.75%. The company also plans to release its 2018 first quarter financial results before the open of markets on Wednesday, May 2.
Electric cars are nowhere ready to take over the market in the U.S. according to a report by Houston-based IHS Markit. The firm issued a report this week indicating short-term oil demand is growing strong and will continue to do so through the end of 2020. Electric cars are seeing an increase focus but IHS …
A cash dividend for the first quarter of 2018 has been declared by Holly Energy Partners, L.P., operators of refineries in Tulsa and in El Dorado, Kansas. The cash distribution of $0.6550 per unit is a 5.6% increase over the first quarter of 2017. The company said it was “reflective of the company’s strong and …
A new natural gas processing plant in Eddy County, New Mexico went into operation this week. San Mateo Midstream, LLC based in Dallas announced the completion and start-up of the expansion of the Black River cryogenic plant. The expansion adds a capacity of 200 million cubic feet of natural gas per day to the previously …
The latest earthquakes early Thursday in northern Oklahoma prompted the Oklahoma Corporation Commission to take some regulatory steps including the shutdown of one disposal well. One quake measured 3.8 magnitude near Waynoka and an hour later a 3.2 magnitude quake rattled Dover. Waynoka is in Major county and Dover is in Kingfisher County. Later in …
After months of waiting, Oklahoma U.S. Rep. Jim Bridenstine gets the job he has long sought—that of Administrator at NASA. In doing so, he has become the first elected official to serve in the position. The U.S. Senate on Thursday voted to confirm his nomination by President Trump on a 50-49 vote as 47 Democrats …
By a unanimous vote of 88-0, the Oklahoma House on Thursday approved a bill making some changes in the requirements of the job of the state’s Liquefied Petroleum Gas Administrator. Authored by Rep. John Paul Jordan (R-Yukon) and Sen. Marty Quinn (R-Claremore) Senate Bill 1520 is “modifying job requirements for Liquefied Petroleum gas Administrator” and …
A new report shows Oklahoma and the states surrounding it are some of the “least Green” states in the country. The report by WalletHub ranked Oklahoma 44th lowest in the nation in an environmental study based on 23 key metrics such as LEED-certified buildings per capita, energy consumption and renewable resources. Texas came in 43, …