January 18, 2019 archive

OCC to meet January 22 due to federal holiday on Monday

Since Monday, January 21 is a federal holiday, the Oklahoma Corporation Commission will not meet until Tuesday, January 22. The attached is the signing agenda for the day. Signing Agenda 01-22-19

New Mexico outperforms Oklahoma and other energy states in oil and gas revenue collections

A new analysis shows New Mexico is capturing a greater share in oil and gas revenue than Oklahoma, Texas and six other states. The report was prepared by the New Mexico Tax Institute and Moss Adams. “New Mexico obtains the greatest percentage of total oil and gas production value directly contributing to government revenue when …

Continue reading »

Former Commerce Secretary to head energy group pledging $100 million to help Permian Basin towns

The partnership of 17 energy companies, including Oklahoma City’s Devon Energy that pledged $100 million to help towns and residents in the Permian Basin of West Texas and New Mexico will be held by former U.S. Commerce Secretary Don Evans. The Permian Strategic Partnership was formed late last year to help the towns in the …

Continue reading »

EDF buys its first wind farm in Nebraska

EDF Renewables North America, a California firm with wind farm experience in Oklahoma has picked up another wind farm—this one in Nebraska. It’s closed on a deal with York Nebraska Wind Partners, LLC  to buy the 300 megawatt Milligan 1 Wind Project which should be ut into full operation in late 2020. The project is …

Continue reading »

Williams to release 4Q and full year earnings report in February

Tulsa-based Williams will unveil its fourth-quarter and full-year 2018 financial results in a few weeks. The company plans to release the results after the close of markets on Wednesday, Feb. 13, 2019. Company management will also hold a conference call and webcast with analysts and investors the next morning at 8:30 a.m. Central Time, Feb. …

Continue reading »

Schlumberger reports quarterly earnings dropped while full-year grew

The international energy company, Schlumberger Limited reported a drop in fourth quarter earnings but stated that its full year  revenue was up 8 percent. A firm with major operations in Oklahoma, Schlumberger reported full year revenue of $32.8 billion while the fourth quarter revenue of $8.2 billion was down 4 percent. Still, the company approved …

Continue reading »

Chesapeake Energy Corporation declares a fourth quarter dividend

  Chesapeake Energy’s declared a dividend for the fourth quarter on some of its preferred stock. The Board of Directors made the move in an announcement on Friday, Jan. 18. The largest payout will involve  more than 2,558,900 shares.   4.50% 5% 5.75% 5.75% (Series A) NYSE Symbol CHK Pr D N/A N/A N/A Date of …

Continue reading »

Chinese National formally indicted on charges of stealing trade secrets from Phillips 66 in Bartlesville

The 35-year old Chinese national accused last month of stealing trade secrets from Phillips 66 where he worked in Bartlesville has been formally indicted by a Tulsa federal grand jury. The indictment was announced Thursday by the U.S. Attorney in Tulsa against Hongjin Tan who is accused of the theft of trade secrets, the unauthorized …

Continue reading »

Outdated oath still has to be taken by Oklahoma Corporation Commissioners

We’ve previously carried stories about the oath taken by Oklahoma Corporation Commissioners—how it refers to steam boats, sleeping car lines, telegraph lines and even canals. Commissioner Bob Anthony, who took his 6th such oath on Monday thinks it’s obviously outdated, but he still swears to the oath, because in his opinion, it’s the constitution. And …

Continue reading »

Permits to drill issued for January 17, 2019

Permits to drill issued for Jan. 17, 2019. Alfalfa County PATSY JO #1 (AKA CHEROKITA MISENER U #1, January 17 2019 14 27N 9W CSWNW API: 00321465 Lat: 36.820439926826644, Long: -98.14378416814174 MARJO OPERATING MID-CONTINENT LLC SH, RC, 6115 ft, CHEROKEE SANDS(5308) Dewey County PADBERG FED 1914 #1H-29, January 17 2019 29 19N 14W NENWNENW API: 04323682 Lat: …

Continue reading »