Oklahoma City-based Devon Energy Corp. plans to report its second quarter 2018 results on Tuesday, July 31. The results will be released after the close of U.S. financial markets. They will also be available on the company website at www.devonenergy.com A day later, on Aug. 1 the company will hold a conference call at 10 …
Lankford and McCaskill file bill to protect nation’s IT supply chain
Oklahoma U.S. Sen. James Lankford joined forces this week with Democratic U.S. Sen. Claire McCaskill of Missouri in attempting to make more secure the nation’s supply chain when it comes to information technology. They filed legislation called the Federal Acquisition Supply Chain Security Act, to establish a council to equipment the government with the policies …
New Mining Chief named at nuclear waste site near Carlsbad, NM
The federal government’s named a new chief of mining at the Waste Isolation Pilot Plant near Carlsbad, New Mexico—the world’s third deep geological repository for radioactive waste left from research and production of nuclear weapons. The hiring of Pete Graham was announced by the Energy Management Carlsbad Field Office and the management and operations contractor …
ONEOK offers $1.25 billion sale of senior notes
Tulsa-based ONEOK, Inc. announced this week it has priced an offering to sell $1.25 billion of senior notes. The sale consists of $800 million of 10-year senior notes at a coupon of 4.55 percent and $450 million of 30-year senior notes at a coupon of 5.20 percent. Company leadership says the net proceeds, after deducting …
Distribution announced by Tulsa’s NGL Energy Partners LP
Tulsa’s NGL Energy Partners LP announced this week the Board of Directors of its general partner declared a distribution for the quarter ending June 30, 2018. It will be paid to the holders of the Partnership’s 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units. The Class B distribution will be $0.5625 per unit …
Governor Fallin joins bipartisan Governors Carbon Capture group
Oklahoma Gov. Mary Fallin has joined a bipartisan group of governors in announcing the formation of a new national carbon capture program. The Governors’ Partnership on Carbon Capture will be led by Governors Matt Mead of Wyoming and Steve Bullock of Montana. Gov. Fallin and Governors Gary Herbert of Utah, John Bel Edwards of Louisiana …
Icahn gains control of Oklahoma City’s SandRidge Energy
There’s a reason Carl Icahn is smiling. He got his wish—control of Oklahoma City’s SandRidge Energy during the company’s annual shareholders meeting on Tuesday. Now shareholders will wait to see what he does with the company. And how quickly he acts. A day after he made a last-minute plea to shareholders to dump the current …
Regulators give final approval to $64 million OGE rate reduction
The Oklahoma Corporation Commission voted unanimously on Tuesday for the approval to a settlement in the Oklahoma Gas and Electric (OG&E) rate case that is the largest single rate reduction for an Oklahoma electric utility. Commission Chairman Dana Murphy called the agreement a win-win for all concerned. “The settlement will cut rates by $64 million …
Bigger cranes purchased for larger wind turbine projects in Oklahoma and other states
A Wyoming based transportation firm with regional offices in Enid, Oklahoma announced this week the major purchase of two new large cranes for oilfield and wind turbine projects. Transportation Partners and Logistics, LLC said a Liebherr LR 1300 SX crawler crane was purchased for its largest distribution center in Garden City, Kansas. The second was …
Black Stone appoints new partnership president
Black Stone Minerals, L.P., the Houston company with 700,000 acres in assets in Oklahoma and 16.5 million nationwide announced this week the appointment of Jeff Wood as President of the Partnership. He will also continue duties as Chief Financial Officer. The company said Thomas L. Carter Jr. will continue as Black Stone Minerals’ Chief Executive …