Completion reports filed for Feb. 21, 2019. CUSTER COUNTY Duncan Oil Properties Inc Cleveland(0): Oil 383 Gas 2274 Water 1980 Flow 4 15N 19W Double L 3-33hlc, May 15, 2018 HH, OIL, TD: 14954 ft Lat: 35.81167, Long: -99.23030 API: 35039225320000 Duncan Oil Properties Inc Cleveland(9509): Oil 247 Gas 2316 Water 2316 Flow 5 15N 19W Meyer 5-32hlc, May 11, 2018 HH, OIL, TD: 14840 ft …
February 21, 2019 archive
Permits to drill for February 21, 2019
Permits to drill issued for Feb. 21, 2019. Alfalfa County HUCKABEE 13-25-11 #2H, February 21 2019 12 25N 11W SWSESESE API: 00323364 Lat: 36.65259138012956, Long: -98.32661709887233 BCE-MACH LLC HH, DR, 11118 ft, MISSISSIPPIAN(5775) Alfalfa County WAMPLER 23-26-11 #3H, February 21 2019 14 26N 11W SESWSESE API: 00323363 Lat: 36.725081735948514, Long: -98.34462904275463 BCE-MACH LLC HH, DR, 10758 ft, …
Some are skeptical about Devon Energy’s plans to sell Canadian properties
Devon Energy’s announced intentions this week to sell some of its assets in Canada prompted at least one major Canadian news source to suggest it could be a difficult sale for the company. The Financial Post reported “analysts think Canadian producers will be cautious about spending billions to buy the properties.” Read Geoffrey Morgan’s story. …
$300 million solar commitment in West Texas
While some Oklahoma legislators and the Sierra Club are pushing for more solar energy growth in the state, an Austin, Texas firm is making a $300 million commitment to an energy project in West Texas. 7X Energy Inc. announced it has entered into a power purchase agreement for 250 MWac from phase one of its …
Increased 4Q and 2018 earnings reported by Energy Transfer LP
Energy Transfer LP, the Dallas company with pipeline operations all over Texas, Oklahoma and the Midwest reported $617 million in fourth quarter net income, an increase of $366 compared to the fourth quarter of 2017. It also had record adjusted EBITDA of $2.67 billion, an increase of 29 percent from a year earlier or …
Higher oil production led to a “pivotal year” for WPX energy in Tulsa
Saying 2018 was a “pivotal year”, management at Tulsa’s WPX Energy reported increased oil volumes and fourth quarter 2018 net income. The company said unaudited fourth quarter 2018 net income was $353 million or 83 cents a share on a diluted basis. A year ago the company reported a net loss of $24 million. The …
Border wall funding could affect military construction in Oklahoma
A report by Gaylord News at the University of Oklahoma suggests nearly $178 million in military construction in the state could be endangered if President Trump redirects defense spending for his national emergency declaration over the border with Mexico. The $178 million i for construction of maintenance and training facilities at Tinker Air Force and …
Halliburton announces date for release of earnings report
Halliburton Company will host a conference call on Monday, April 22, 2019, to discuss its first quarter 2019 financial results. The call will begin at 8:00 AM Central Time (9:00 AM Eastern Time). The company will issue a press release regarding the first quarter 2019 earnings prior to the conference call. The press release will …
Unit Corporation reports net income losses for 2018 and 4Q
Tulsa’s Unit Corporation reported an increase in oil and natural gas production in 2018 but it also lost net income in both the fourth quarter of 2018 and for all of 2018. Net loss attributable to Unit for the quarter was $77.8 million, or $1.49 loss per diluted share, compared to net income attributable to …
OGE Energy Corp. reports increase in 2018 net income but a drop in earnings
As OGE Energy Corp. reported an increase in net income for 2018 and a drop in earnings, leadership was calling it one of the best years in the history of the company. Earnings per average diluted share last year was $2.12 compared with $3.10 per share in 2017. In 2018, OG&E, a regulated electric utility, reported …
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