Completion reports for Nov. 2, 2018. ALFALFA COUNTY Midstates Petroleum Co Llc Mississippian: Oil 63 Gas 210 Water 1984 Pump 7 24N 11W Betty Joe 2411 2h-18 Cd, August 06, 2018 HH, OIL, TD: 12045 ft Lat: 36.56611, Long: -98.41819 API: 35003233220000 Midstates Petroleum Co Llc Mississippian: Oil 78 Gas 369 Water 2171 Pump 7 24N 11W Betty Joe 2411 3h-18 Ab, August 07, 2018 HH, …
November 2018 archive
Ribbon cutting in OKC for drone maker’s plant
Governor Mary Fallin on Friday joined state and community leaders and executives from Kratos Defense & Security Solutions, Inc., at a ribbon cutting for the company’s new 100,000-square-foot unmanned aircraft production facility in the Will Rogers Business Park in Oklahoma City. Kratos is a leading provider of high performance, jet powered unmanned aerial drone systems …
New wind farm slowly going up in Texas Panhandle
Work is underway on a 239-turbine wind farm in the Texas Panhandle. Xcel Energy is building the Hale Wind Project near Plainview, a city located midway between Amarillo and Lubbock. Concrete foundations have been poured for the wind towers and turbines and blades are being delivered to the Hale County site. The company said trenching …
Investors didn’t like Encana’s $5.5 billion purchase of Newfield
Encana’s $5.5 billion takeover of Newfield Exploration didn’t set well with its investors as news of the purchase on Thursday resulted in an 18 percent plunge in stocks. Investors apparently worry the Canadian company’s purchase of the firm that has a heavy presence in Oklahoma’s STACK and SCOOP plays will only saddle it with …
Cyrogenic gas plant being relocated to Cashion
The relocation of a 60-million cubic feet a day cryogenic gas processing plant from Tonkawa to Cashion has resulted in a contract to Tulsa’s Ross Group. The firm’s contract includes dismantling, relocation and re-erection of of the plant. Ross Group has offices in Oklahoma City and they will provide the management of the project. …
Government hands out increased energy revenues to Oklahoma
The state of Oklahoma has received an increase in the Fiscal Year 2018 energy revenue disbursement from the federal government. U.S. Secretary of the Interior Ryan Zinke announced that Interior’s Office of Natural Resources Revenue, disbursed $7.867 million in Fiscal Year 2018 energy revenues to Oklahoma. This represents an increase of $5.241 million from the previous year’s …
Magellan Midstream sees large jump in 3Q earnings
Tulsa’s Magellan Midstream Partners, L.P. reported third quarter net income of $594.5 million, a large increase from the $198.5 million reported in the third quarter of 2017. Some of the gain is credited to the company’s $353.8 million sale of its part ownership in the BridgeTex Pipeline Company, LLC. Distributable cash flow came to $281.8 …
Gulfport Energy’s CEO steps down amidst accusations
Even as Oklahoma-based Gulfport Energy announced its third quarter net income of more than $95 million, chief executive Michael G. Moore stepped down after the company learned he had made personal charges to a company credit card. The company also found Moore, who was paid $4.7 million a year as of 2017, had used Gulfport’s …
DEQ to issue environmental grants in January
The Oklahoma Environmental Quality Education Committee plans to hand out environmental grants to schools in early 2019 and the grants include amounts up to $1,000. The DEQ’s Education Committee is urging schools, students and teachers to apply for the grant “to promote enthusiasm in young people for learning about the environment and natural resources.” The …
ONE Gas offers $400 million in notes
Tulsa’s ONE Gas, Inc. announced this week an offering to sell $400 million of its 30-year senior notes at a coupon of 4.50 percent. The company anticipates net proceeds will total $392.1 million after deducting the underwriting discounts and commissions. Management indicated it will use the proceeds to repay amounts outstanding under its commercial paper …