A $300 million sale of its 50% share in the Glass Mountain Pipeline in Oklahoma has been announced by Tulsa-based NGL Energy Partners LP. The sale was to an affiliate of BlackRock Inc.’s Global Energy and Power Infrastructure Fund in partnership with Navigator Energy Services. The sale should be completed before Dec. 31, 2017. Glass …
Key Energy Services, the Houston firm that over the past few decades expanded through acquisitions of other companies in Oklahoma reported third quarter 2017 consolidated revenues of nearly $111 million. The report comes after the company emerged last December from Chapter 11 bankruptcy. Revenues were $110.7 million but the company also reported a pre-tax loss …
Tulsa-based Williams Cos Inc. will be allowed to move ahead with a $2.65 billion Atlantic Sunrise Pipeline in Pennsylvania after the D.C. Circuit on Wednesday lifted its temporary stay of construction. In making the move, the court denied a request by environmental groups and an Order of Catholic nuns near Lancaster, Pennsylvania to stop the …
Stillwater City Manager Norman McNickle is writing publicly about what he perceives is a failure of the state’s agreement with Amazon to start collecting sales tax in the state. In a statement issued this week, McNickle said his city is still waiting “for that bump” promised by the Governor after reaching a “gentleman’s agreement” with …
The latest budget-fix bill that would have raised the gross production tax on oil and gas failed in the House Wednesday night on a 71-27 vote. The measure needed 76 votes for approval. Some Republicans, like Rep. Kevin Calvey joined Democrats in opposing the $140 million dollar plan as he argued it would cost jobs …
A party-line vote of 14-13 in the U.S. Senate Commerce Committee on Wednesday moved Oklahoma Congressman Jim Bridenstine’s nomination to be the next NASA administrator to the full senate. The vote came a week after Democrats on the committee voiced their objections to his nomination, with one Senator calling him ‘divisive.’ But Sen. Jim Inhofe …
If Corporation Commissioner Bob Anthony files for re-election next spring as he says he apparently will, then we’ll have a fight for the GOP nomination for the seat. That’s because former State Senate President pro tem Brian Bingman of Sapulpa announced this week he is running for the seat on the Corporation Commission. He has …
State lawmakers in New Mexico were told this week the state is missing out on millions of dollars in revenue because oil and gas companies are not reporting their drilling rigs and miles of pipelines. Appraisal expert Jerry Wisdom, owner of Total Assessment Solutions Corp. testified before a panel of lawmakers and said the honor …
HollyFrontier Corporation, the Dallas-based company with refineries in Tulsa, Oklahoma and El Dorado, Kansas announced the appointment this week of two new members to its Board of Directors. The naming of Anne-Marie N. Ainsworth and Anna C. Catalono will increase the size of the Board to eleven directors and increase the number of independent directors …
The Oklahoma Corporation Commission indicates that it is getting closer to making final repairs in the wake of the hacking incident of more than two weeks ago. And that’s good news to readers of OK Energy Today because the files for permits and completion reports might be available yet this week. Robert Winslow at OklahomaWells.com …