Even with a 68 percent increase in oil production from 2016 to 2017, Tulsa-based WPX Energy reported a fourth quarter loss this week of $35 million. It translated into a 9-cent a share loss on a diluted basis. Earnings before taxes totaled $255 million which was 89 percent more than a year ago. For all …
Tulsa-based ONEOK Inc. announced this week it intends to spend $2.3 billion in constructing new natural gas systems in the coming two years. Plans call for projects in Oklahoma, Texas and North Dakota. “With more than $4 billion of announced capital-growth projects since June 2017, we continue to build off of our significant asset footprint,” said Terry K. …
Joining with a Democratic U.S. Senator from Rhode Island, Sen. Jim Inhofe of Oklahoma says the time is right to close the infrastructure gap in the U.S. The two said both sides of the aisle want to see improvements. Writing in the Wall Street Journal this week, Sen. Inhofe and Sen. Sheldon Whitehouse said it …
Permits to drill issued Feb. 15 through the 21. Scroll down for a better view. Blaine HECKENBERG 3-30-19XH CONTINENTAL RESOURCE HH DR 30 13N 13W NW SW SW SE Feb-16-2018 Feb-16-2018 01123942 500637740 Blaine MINNIE HA HA 12_1-15N-10W 1HX DEVON ENERGY PRODUCT HH DR 13 15N 10W NE NE NW NW Feb-20-2018 Feb-20-2018 …
Here are completion reports for Feb. 15 through Feb. 21, 2018. Scroll down for a better view. COUNTY Well name OPERATOR SCTN TWN RNG SPOT Completion Date Oil Gas Water Scan Date API Document Alfalfa NE CHEROKEE UNIT 85 LINN OPERATING LLC 24 27N 11W W2 E2 SE NE Feb-16-2018 Feb-16-2018 00320786 500637733 …
Tulsa’s Unit Corporation reported fourth quarter net income of $89.2 million this week and indicated its oil and natural segment production grew by 6% over the third quarter of 2017. The net income amounted to $1.71 per diluted share. It also compared to net income of $1.7 million or 3-cents a share for the fourth …
In the wake of the failure of the civic and business group Step Up Oklahoma to get its state budget plan approved, the group is keeping secret how much money it spent on its advertising campaign. Other groups are open about their spending including OK Wind Power which claims it spent more than $220,000 on …
A pretty stunning earnings report was released this week by Oklahoma City-based Continental Resources a the company said its 4th quarter oil production was up 44% over the same time period in 2016. The company reported $841.9 million in 4th quarter 2017 net income or $2.25 per Diluted Share. However of the total net income, …
With a 3 percent increase in oil production in 2017, Oklahoma City’s Chesapeake Energy reported its total net income for the year was $953 million. Before taxes and interest were deducted, the firm’s 2017 earnings totaled $2.376 billion. The net income for the year translated into $0.90 per diluted share. Fourth quarter net income was …
In what will apparently be the first legal challenge to a 2015 state law regarding the power of cities and towns to restrict oil and gas drilling in city limits, Ponca City has joined the city of Mustang in its fight. After the state supreme court said it would hear arguments in the case involving …
