Oklahoma State Auditor Gary Jones is getting more support from Democrats in the State House for his proposed plan to solve the state government budget crisis. After the House approved $44 million in budget cuts on Monday, Democrats unleashed criticism of House leaders for not allowing the introduction of what Jones has proposed. A press …
Oklahoma City’s Enable Midstream Partners, LP reported a big fourth quarter earnings report showing a $40 million increase in earnings from a year ago. Netcome from limited partners for the fourth quarter 2017 totaled $108 million, far more than the $68 million reported in December 2016. The company also reported net income for common units …
Nothing like an increase in the price of oil to help a company increase its profits as indicated by Dallas-based Holly Energy Partners, L.P. The company reported its fourth quarter 2017 net income was $86.1 million, more than double the $41.4 million it reported for the fourth quarter of 2016. For shareholders, that’s a jump …
Houston’s Noble Midstream Partners LP reported fourth quarter 2017 net income of $46 million from quarterly revenue totaling $68 million. It resulted in a 4.7% increase over the third quarter of distribution per share totaling $0.4883. The company also said it represented a 24% year-over-year increase. Noble also reported oil and gas gathering volumes of …
A small pond was contaminated with oil after a 16-inch Centurion Company pipeline burst over the weekend near Yukon. Cleanup is still underway. It was early Sunday morning when the line broke under a 10-acre pond and oil bubbled to the surface in the Savannah Estates near Memorial Road and County Line Road. “It didn’t …
Months after hitting a well that produced nearly 1,500 barrels of oil a day in the SCOOP, Dallas-based Merit Energy filed a completion report with the Oklahoma Corporation Commission. The Larry 1H-22X, located at 27 8N 4W in McClain County had production of 1,477 boe/d when it was tested Dec. 29, 2017. The well, located …
By Congressman Markwayne Mullin Clunk. Clunk. Clunk. You’re driving down Highway 69 on your way to work and the roads are full of potholes the size of our neighboring state of Texas and uneven pavement that makes you feel like you’re on a roller coaster. These roads that thousands of Oklahomans travel daily to get …
A recommendation from an Administrative Law Judge that Public Service Company only get $81.2 million of a nearly $170 million rate hike request goes before the Oklahoma Corporation Commission on Tuesday. The matter is scheduled as part of the Commission’s regular meeting. It was in December when Judge Mary Candler issued her recommendation. She is …
Land in Oklahoma won’t be included, the U.S. Department of Interior plans to hold the country’s largest oil and gas lease sale next month. The government plans to offer 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama and Florida for oil and gas exploration and development on March 21, 2018. The sale will include all …
An effort launched by the Sierra Club to target oil and gas production in a bid to stop earthquakes in eastern Kansas has been killed in a State House committee. House Bill 2641 would have put water limitations on new and existing wastewater injection wells in the state. The Sierra Club sponsored the measure following …