The slumping energy sector has claimed more local jobs, according to the Tulsa World. Zeeco Inc., a Broken Arrow-based manufacturing company with a global presence, held a round of layoffs Friday, the company confirmed Monday. The provider of combustion equipment and advanced environmental systems says that the cuts are a result of the weak state …
May 2016 archive
Completion Reports May 3, 2016
BLAINE COUNTY Continental Resources Inc Mississippi Lime(10881): Oil 1817 Gas 4381 Water 1434 Flow 2 15N 11W Compton 1-2-35xh, January 05, 2016 HH, GAS, TD: 21137 ft Lat: 35.79827, Long: -98.34322 API: 35011235410000 COAL COUNTY Bp America Production Company Woodford: Gas 3792 Flow 13 3N 11E Smalley 5-12h, December 15, 2015 HH, GAS, TD: 14053 …
Permits to Drill May 3, 2016
Kingfisher County STANGL 25-16-9 #6H, May 02 2016 25 16N 9W NENENENE API: 07325287 Lat: 35.84065340734049, Long: -98.10141044401607 CHESAPEAKE OPERATING LLC HH, DR, 19200 ft, MISSISSIPPI LIME(9000) Kingfisher County STANGL 25-16-9 #6H, May 02 2016 25 16N 9W NENENENE API: 07325287 Lat: 35.84065340734049, Long: -98.10141044401607 CHESAPEAKE OPERATING LLC HH, DR, 19200 ft, MISSISSIPPI LIME(9000) Pontotoc …
Coal Demand Tumbles in Oklahoma and Rest of the Nation
Ever since the election of President Obama, the nation’s use of coal to generate electricity has tumbled 29 percent from its peak of 1,045 million short tons. The latest figures show coal use has dropped in every state including Oklahoma where the amount of coal used in the coal-fired electric generating plants is 24 percent …
OGE Heads to Corporation Commission with $92 million Rate Hike Request
An administrative law judge will begin Tuesday what could be a several-week long hearing into a more than $92 million rate hike request by OG&E. The request was filed weeks before the utility won approval in a controversial Corporation Commission decision on making $500 million in environmental improvements to the firm’s coal-fired Sooner Power Plant …
OKC’s Blueknight Energy Partners to Announce First Quarter Results on Wednesday
Oklahoma City-based Blueknight Energy Partners, L.P. will announce its first quarter 2016 financial results after the market closes on Wednesday. The company plans to discuss the results during a conference call on Thursday, May 5 at 1:30 p.m. CDT. The company has assets of 7.4 million barrels of crude oil storage in Oklahoma and …
Tulsa’s WPX Energy Produced $93 million in Senior Notes Tender
Tulsa-based WPX Energy wrapped up its cash tender offer on Friday for purchases of its outstanding 5.250 percent Senior Notes due 2017. The offer ended Friday at 5 p.m. and indicated $93 million or nearly 31 percent of the outstanding Notes had been tendered and accepted. The total purchase price offered for each $1,000 principal amount …
May Will Bring an End to Any Remaining Drought Areas of Oklahoma
May is expected to bring an end to any remaining areas of Oklahoma still under a drought, according to the latest Oklahoma Mesonet Report. “The precipitation outlook is bullish on above-normal precipitation across all of Oklahoma, but especially the southwestern two-thirds,” said Gary McManus, State Climatologist in the Monday edition of his daily reports. “The …
Chapter 11 Bankruptcy Filed by Tulsa’s Midstates Petroleum
Tulsa-based Midstates Petroleum Co. is one of the latest companies to file Chapter 11 bankruptcy as the energy downturn adds another victim. Midstates, an Oklahoma company with 120 full-time workers filed Friday in Houston bankruptcy court listing liabilities ranging from $1 billion to $10 billion and more than 25,000 creditors. The paperwork said …
Government’s Objection Brings Merger of Halliburton and Baker Hughes to a Halt
The $28 billion dollar merger between Halliburton and Baker Hughes, both headquartered in Houston was cancelled Sunday. The Securities and Exchange Commission was notified early Monday by the two companies after the Justice Department filed a civil complaint April 6 to stop the merger, claiming it would create a company so large that it would …