May 2019 archive

Dividend announced by ConocoPhillips

ConocoPhillips announced on Wednesday it had approved a dividend for stockholders. The dividend of 30.5 cents per share will be payable June 3, 2019 to stockholders of record at the close of business on May 13, 2019. ConocoPhillips is the world’s largest independent E&P company based on production and proved reserves. Headquartered in Houston, Texas, …

Continue reading »

Senators urge EPA to lower Renewable Fuel Standards

In advance of the upcoming proposed rulemaking for the 2020 Renewable Volume Obligations (RVO) of the Renewable Fuel Standard (RFS), U.S. Sen. Jim Inhofe (R-Okla.) led a letter urging Administrator Wheeler to reset conventional biofuel to reflect market realities. The letter was signed by Sens. John Barrasso (R-Wyo.), John Boozman (R-Ark.), Bill Cassidy, M.D. (R-La.), Shelley …

Continue reading »

Continental Resources still paying in $60 million royalty lawsuit settlement

Oklahoma City’s Continental Resources Inc. revealed in a SEC filing this week it is paying tens of millions of dollars to settle a class-action that alleged underpayment of royalties in Blaine County, Oklahoma. The suit was filed in 2010 by Billie J. Strack and Daniela A. Renner as trustees of named trusts. The suit alleged …

Continue reading »

OGE sends proxy statement reminding shareholders of approaching annual meeting

  OGE sent out another proxy statement notification to shareholders this week about the upcoming May 16 annual meeting. It reminded shareholders of the time and place of the annual meeting and urged them to vote to elect 10 members of the board of directors. The proxy did not include the names of the 10 …

Continue reading »

Earnings were strong for ONEOK in 1Q of 2019

ONEOK reported a 27 percent increase in first quarter 2019 net income to $337.2 million. The Tulsa-based company said it resulted in an 81-cent distribution per diluted share. In announcing the results this week, the company said it also saw a 12 percent increase in adjusted EBITDA reaching $637.5 million. its first-quarter operating income totaled …

Continue reading »

Devon reports better than expected earnings and raises full-year oil production outlook

Devon Energy posted better than expected first-quarter 2019 earnings and also reported increased oil production. The company reported a 24 percent increase in light-oil production compared to the first quarter of 2018, reaching 138,000 bbl/day. The result was 8,000 barrels a day better as the company also saw a 76 percent surge in Delaware Basin …

Continue reading »

Mammoth Energy declares dividend

Oklahoma City’s Mammoth Energy Services, Inc. has declared a cash dividend of $0.125 per share to stockholders. The Board of Directors declared it will be paid May 17, 2019 to stockholders of record as of the close of business on May 10, 2019,. The dividend was declared after Mammoth announced total revenue of $278.2 million …

Continue reading »

Harold Hamm on 1Q results—-2019 is as fulfilling as 2018

Harold Hamm, founder and CEO of Continental Resources Inc. in Oklahoma City says the first quarter of 2019 has been every bit successful as the company was in 2018. “We saw 2018 become the breakout year we envisioned and 2019 has proven to be equally fulfilling as our teams embrace the strategic shift to unit …

Continue reading »

STACK yields another well for Continental Resources

Blaine County’s latest big well was brought in by Continental Resources in an area about 3 miles northeast of the community of Greenfield. A completion report filed this week showed the Homsey 6-22-27xhm well had production of 1,629 barrels of oil a day along with 6,262 Mcf of gas. Located at 22 15N 11W, the …

Continue reading »

Permits to drill for April 30, 2019

Permits to drill issued on April 30, 2019. Alfalfa County SHAW B SWDW #2, April 30 2019 22 28N 12W NENENWSE API: 00323374 Lat: 36.89128420049305, Long: -98.4732995781326 TRANS PACIFIC OIL CORPORATION SH, DR, 1100 ft, WELLINGTON(500) Alfalfa County SHAW B #1-22, April 30 2019 22 28N 12W NENENWSE API: 00323375 Lat: 36.891229280739104, Long: -98.47304311835667 TRANS PACIFIC OIL …

Continue reading »