February 23, 2018 archive

Chaparral Energy Lays Out 2018 Goals With Increased Emphasis in the STACK

Oklahoma City-based Chaparral Energy is out with an operations update and including what it anticipates for 2018. The company said its STACK production grew by 38 percent in the fourth quarter of 2017 compared to a year earlier.  Its year-end 2017 proved reserves were increased to 76.3 million barrels of oil equivalent which represented a …

Continue reading »

Aircraft Manufacturer Says Thanks to Workers and Hands Out Big Bonuses

Hundreds of Spirit AeroSystems workers in McAlester and Tulsa could be among the thousands of company workers getting thousands of dollars in bonuses this year. The company would not say how much workers will take home in thanks for the supplier’s financial performance in 2017. But the Wichita Eagle reports Spirit had a 13 percent …

Continue reading »

Plains All-American Gets Commitments for New Pipeline to Carry Crude out of Permian Basin

Full commitments have been made on another pipeline carrying crude out of the Permian Basin to the Corpus Christi, Texas ports. The Cactus II pipeline, a subsidiary of Plains All American Pipeline L.P. will have an initial capacity of 585,000 barrels a day.  The company said it’s obtained long-term third-party shipper contracts. The line will …

Continue reading »