With a third quarter net income of $18.8 million, Tulsa-based ONE Gas Inc. declared a quarterly dividend of 42 cents a share. The net income compared to $12.7 million in the third quarter 2016. “Our solid third-quarter results were primarily supported by new rates from pipeline system integrity investments in Kansas and Texas and lower operating costs,” said Pierce H. …
Oklahoma Gov. Mary Fallin moved this week for the state to lay claim to $21 million as part of its share of the federal government’s settlement of the lawsuit against Volkswagen for violating the Clean Air Act. Gov. Fallin signed an executive order declaring Oklahoma as a participant in the mitigation trust agreement. The settlement …
Gas service at the Oklahoma City Community Corrections Center is expected to be off until Wednesday while crews continue searching for the leak. The staff used large hotplates to serve hot meals to the 250 female inmates at the center. Space heaters and carbon monoxide detectors in the inmates’ rooms were reported to be functioning …
Public Service Co. of New Mexico is putting out a request for plans to provide power if and when its coal-fired power in the northwestern part of the state were to close after 2022. It has plans to close two units of its San Juan Generating Station, located between Farmington and Shiprock. The closure is …
An earthquake struck early Tuesday morning right in the heart of Oklahoma’s popular STACK oil play. It happened before 5 a.m. near Dover and Hennessey in Kingfisher County and measured 4.1 magnitude. The county has seen some of the most active drilling of the three primary counties that make up the STACK. So far, there …
A monster acquisition was announced Monday in Texas where Vistra Energy based in Dallas acquired Dynegy in an all-stock deal worth $1.74 billion. The deal will result in a combined company with a market value of more than $10 billion. The two firms stated the purchase will also generate $350 million in earnings before …
In a move to lower breakeven prices and generate free cash flow, Houston-based ConocoPhillips is trimming its 2017 capital budget by another $300 million. The move to cut the cap budget to $4.5 billion comes after a second quarter cut of $200 million from the original budget of $5 million for the year. There’s no …
How’s this for a lease auction? An area the size of the state of New Mexico! The U.S. Interior Department will be taking bids on a 77-million acre lot in the Gulf of Mexico, a lot that could bring in nearly $120 million for the U.S. Treasury and states like Texas, Louisiana, Mississippi, Alabama and …
While the national oil and gas rig count dropped in the past week, the count in Oklahoma grew by one to reach 125. Reports from Baker Hughes Co. and the Independent Oil and Gas Association showed the U.S. count fell by 4 to reach 909. In the past week, the oil rig count added one …
As Puerto Rick attempts to immediately cancel a $300 million electrical power contract with a tiny Montana company in Interior Secretary Ryan Zinke’s hometown, a $200 million contract with an Oklahoma company remains intact. Puerto Rico Gov. Ricardo Rossello is pushing to have the Puerto Rico Electric Power Authority to immediately end the contract with …