October 26, 2018 archive

Oklahoma says farewell to the drought

Thanks to the continuing rainfall, very little of Oklahoma is experiencing dry conditions and the state is free of any reported drought conditions. Gone are the dry and dusty roads. Instead energy workers in the state are dealing with muddy roads as they travel to wind farms, well sites and electrical repair sites. The latest …

Continue reading »

Colder and wetter winter for Oklahoma—-David Payne’s forecast

Whether they’re working on construction of a wind farm, drilling an oil and gas well or repairing electrical power lines, energy workers in Oklahoma will find a colder and wetter winter coming ahead. It’s the prediction of KWTV Chief Meteorologist David Payne who says we will definitely get more snow over the next four to …

Continue reading »

ONEOK shareholders to get 85 cent dividend

Tulsa-based ONEOK’s declared a dividend for the third quarter of the year. The board o directors approved the dividend of 85.5 cents per share which results in an annualized dividend of $3.42 a share. The dividend will be payable Nov. 14 to shareholders of record at the close of business Nov. 5, 2018.

More solar power projects are going up in Colorado along I-70

Half a dozen towns along Interstate 70 in Colorado are getting solar energy operations. Pivot Energy and Standard Solar, two leading national solar companies are behind the 10.3 megawatt projects that will provide power to towns, school districts and low income housing authorities. Standard Solar will finance, own, and maintain the six community solar gardens …

Continue reading »

Cypress Energy announces 3Q cash distribution

Tulsa-based Cypress Energy Partners, L.P. is reporting a 21-cent a share third quarter cash distribution. The company’s board of directors okayed the distribution which is unchanged from the second quarter of 2018. The distribution will be payable on Nov. 14, 2018 to all unitholders of record on Nov. 7, 2018. When the second quarter distribution …

Continue reading »

Nine Energy wraps up $493 million purchase of Magnum Oil Tools

One of the operators in the STACK and SCOOP plays of Oklahoma, Nine Energy Service has finished its acquisition of Magnum Oil Tools International, LTD. Nine Energy bought the company in a $493 million deal including a combination of nearly $334 million in cash as well as 5 million shares of Nine common stock. Magnum’s …

Continue reading »

Increased 3Q earnings for Phillips 66

Third quarter earnings were up for Houston’s Phillips 66 as the company reported earnings of $1.5 billion, up from the $1.3 billion reported in the second quarter of the year. The company said excluding special items of $36 million in the third quarter, its adjusted earnings were $1.5 billion. “We demonstrated the value of our …

Continue reading »

Devon and Continental Resources report big wells in the STACK

Devon Energy is reporting success in Oklahoma’s STACK play with three wells in Blaine County including one with production of nearly 2,200 Barrels of oil a day.  Devon also reported six new wells in Kingfisher county. The largest well was the Coyote 3_10-16n-12w 1hx located at 3-16N-12W or about 4 miles north of Watonga near …

Continue reading »

Completion reports for Oct. 25, 2018

Completion reports for Oct. 25, 2018. BLAINE COUNTY Continental Resources Inc Mississippian(12256): Oil 102 Gas 18410 Water 3397 Flow 35 14N 13W Wr 1-35-26xhm, April 16, 2018 HH, GAS, TD: 23636 ft Lat: 35.63887, Long: -98.54446 API: 35011238890000 Devon Energy Production Co Lp Mississippian(10196): Oil 1848 Gas 4961 Water 922 Flow 3 16N 12W Coyote 3_10-16n-12w 2hx, February 24, 2018 HH, OIL, TD: 20827 ft Lat: …

Continue reading »

Permits to drill for Oct. 25, 2018

Permits to drill for Oct. 25, 2018. Blaine County OPPEL #1610 5H-24X, October 25 2018 24 16N 10W NWNENWSW API: 01124112 Lat: 35.84747664155365, Long: -98.22226631042383 NEWFIELD EXPLORATION MID-CON INC HH, DR, 17652 ft, MISSISSIPPIAN(9474) Canadian County LEON TREECE #2-29MH, October 25 2018 29 14N 5W NENENWNW API: 01725288 Lat: 35.66682197596849, Long: -97.75900688716757 RED BLUFF RESOURCES OPERATING LLC …

Continue reading »