As Houston’s Marathon Petroleum continues oil and gas exploration in Oklahoma’s STACK where it reported success this week with a large well, the company is merging two of its oil and gas pipeline, transportation and storage operations for $9 billion. The company announced this week the merger of MPLX and Andeavor Logistics which are master …
When the Oklahoma Corporation Commission votes later in the month on OGE’s nearly $78 million rate hike request, it will be met with a protest rally to be held by the Sierra Club. The group is among those opposed to the utility’s request that was filed to recover costs after $534 million in emissions improvements …
Chevron Corporation announced Thursday it won’t increase the $33 billion or $65 a share offer to acquire Anadarko Petroleum Corporation. It will also not offer a counterproposal and plans to let the four-day match period expire, making way for Occidental to buy Anadarko with a $38 billion or $76 a share offer. Chevron indicated it …
Burcham Elementary students in Weatherford celebrated their new STEM (science, technology, engineering, mathematics) Center thanks to the Cal Ripken, Sr. Foundation and Devon Energy. The partnership created a STEM Center featuring the latest science and math equipment, including new computers, a 3D printer, tablets and instructional coding software. After the installation was revealed during …
Key Energy Services Inc. says it suffered a net loss of $23.4 million or $1.15 a share in the first quarter of 2019. It’s about the same loss it reported in the fourth quarter of 2018. The 2018 fourth quarter losses totaled $23.1 million and $1.14 a share for the Houston, Texas company that has …
Lakes all over Oklahoma are being hit with floodwaters following heavy rains in the past week to 10 days. Most lakes are reporting higher elevations including Kaw Lake in northern Oklahoma where the level is 21 feet higher than normal. Floodwaters are being released in massive amounts from the Lake Altus-Lugert. In the northeast, Keystone …
The tornado that hit the western Oklahoma town of Rocky this week has been rated an EF2 by the National Weather Service. An EF2 has winds ranging from 111 mph to 135 mph. The tornado hit in an area where there are wind turbines but it’s unclear yet if any were destroyed or damaged …
Oklahoma City-based SandRidge Energy posted a net loss of $5 million or 15 cents a share in the first quarter of 2018. The company said it was still an improvement from a year ago when SandRidge reported a net loss of nearly $41 million or $1.18 per share. Total revenues for the first quarter of …
A STACK well drilled by Marathon Oil in Blaine County is producing more than 1,300 barrels of oil a day. A completion report filed this week with the Oklahoma Corporation Commission shows the Hr. Potter 1511 8-3-34mxh well is located at 3 15N 11W or about 5 miles north of the community of Greenfield. It …
Permits to drill issued for May 8, 2019. Canadian County BIG BROWN 6-7-10-6 #1MXH, May 08 2019 31 11N 6W NWSWSWSE API: 01725454 Lat: 35.37842793527215, Long: -97.87411239718313 ROAN RESOURCES LLC HH, DR, 20458 ft, MISSISSIPPIAN(10258) Canadian County BIG BROWN 6-7-10-6 #2MXH, May 08 2019 31 11N 6W NWSWSWSE API: 01725455 Lat: 35.37842793961152, Long: -97.8740453091733 ROAN RESOURCES LLC …
