Two years after it was formed, Kingfisher Midstream LLC has been sold in a more than $1 billion dollar deal by ARM Energy Holdings LLC based in Houston. Kingfisher, created to serve the STACK oil and gas play was sold for $1.55 billion to Silver Run Acquisition Corporation II. It’s an $800 million cash deal …
Tulsa based NGL Partners LP has named a new member to the board of directors of its general partner and unveiled its quarterly revenue at the same time. He is L. John Schaufele IV who replaces Patrick G. Wade as a Director. His appointment is to the board of directors of the general partner, NGL …
A quarterly cash distribution of about 32 cents per unit was announced by Oklahoma City-based Enable Midstream Partners, LP. The Board of Directors put the distribution at $0.318 per unit on all outstanding common units for the quarter that ended Dec. 31, 2017. The distribution is the same as the 3rd quarter of 2017. Payment …
Saying the recent SoonerPoll that showed Step Up Oklahoma and its tax hike proposals had a majority of support of Oklahoma was one sided, an anti-tax hike group is out with its own polling results. John Collison, President of the group No New Oklahoma Taxes contends most voters feel just the opposite and don’t …
The oil and gas rig counts in Oklahoma and the U.S. rose in the past week, one in state but 29 nationally. Baker Hughes Company of Houston and the Redtop Rig report of Wichita, Kansas reported an increase in rig activity. Oklahoma rose by one to reach 118. But the national count swelled by …
Former Garfield County Assessor Wade Patterson is a strong defender of the current taxing method of wind farms in Oklahoma…ad valorem. He is against any gross production tax on the industry, saying local school districts and counties would be the loser. Speaking this week at a Wind Coalition news conference at the State Capitol, Patterson, …
With a nearly 84 percent increase in gross production tax revenue on oil and gas from January 2017 to January 2018, monthly gross receipts to the Oklahoma Treasury entered a second year of growth. State Treasurer Ken Miller said the collections in January topped the same month of the prior year by more than 15 …
Oklahoma U.S. Sen. Jim Inhofe made it clear he didn’t appreciate the controversial WOTUS rules drawn up in the Obama administration and eliminated by the Trump administration. During a Senate Environment and Public Works Committee hearing on Thursday, he had an opportunity to question a number of representatives of farm organizations about the impact of …
Oklahoma Corporation Commissioner Bob Anthony is praising the move by the commission in recent days to create a $31 million favorable rate adjustment to PSO. The Company had originally applied for a $169 million rate increase but the OCC’s final order determined instead a $111 million increase. The original request was lowered by $31 million …
A legal fight is brewing between a drilling company and Union City in Canadian County. The flap with S and S Star Operating LLC, a nearly 2-year old Oklahoma City firm, started when the company made a mistake and drilled a wastewater injection well inside the municipal limits without city permission. The Yukon Review reported …