June 2019 archive

Could be weeks before Oklahoma’s Port of Catoosa is reopened after floods

For three weeks, Oklahoma’s Port of Catoosa has been closed due to the flooding of the Arkansas River.  And now officials say there could be an obvious impact on not just Oklahoma’s economy but those in at least 20 other states. “We are shut down on the waterway. Now the Port of Catoosa is in …

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Schlumberger hopes to rebound from drop in 1Q earnings in Oklahoma and the rest of North America

With major operations throughout Oklahoma, Schlumberger Limited plans to release its second quarter earnings report in July. Leaders hope to see a reversal of downward trends reported in North America earlier in the year. The French-based company stated it will hold a conference call July 19 to discuss the results for the second quarter ending …

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Investors wait to learn financial impact of HollyFrontier’s shutdown of Tulsa refinery in floods

HollyFrontier Corporation based in Dallas plans to announce its financial results for the quarter ending June 30 on Aug. 1, 2019.  Investors will be eager to learn whether the company’s temporary shutdown of its Tulsa refinery due to flooding of the Arkansas River will have had a negative impact on earnings. The company also has …

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OKC’s Devon Energy partners with FFA Foundation

 Devon Energy is partnering with the Oklahoma FFA Foundation to put new technology in the hands of Oklahoma students. Devon is offering the 2019 FFA Technology and Innovation Grant for FFA chapters in central and northwest Oklahoma for the 2019-2020 school year. Grants up to $5,000 will be awarded to support science, technology, engineering and …

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Oklahoma oil and gas leader responds to frack bans pushed by Democratic Presidential hopefuls

Those Democratic presidential hopefuls who’ve come out in support of banning hydraulic fracturing nationwide are getting a response from the leader of one oil and gas group in Oklahoma. Chad Warmington of the OIPA/OKOGA is even inviting them to come to Oklahoma and see what the industry’s done for the state. “We’d welcome presidential hopefuls …

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Permits to drill for June 4, 2019

Permits to drill filed for June 4, 2019. Blaine County ANGUS TRUST #5-33-4XHW, June 04 2019 33 15N 12W SENENWNE API: 01124218 Lat: 35.73857452617967, Long: -98.4777065870716 CONTINENTAL RESOURCES INC HH, DR, 22584 ft, MISSISSIPPI SOLID(12040), KINDERHOOK(12497), WOODFORD(12958) Canadian County TROPICANA SWD #1, June 04 2019 18 14N 9W SWNWSWNW API: 01725473 Lat: 35.691433758558205, Long: -98.20607851653787 LAGOON WATER …

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Completion reports for June 4, 2019

Completion reports for June 4, 2019. GARVIN COUNTY Casillas Operating Llc Woodford(10175): Oil 726 Gas 1709 Water 957 Flow 28 3N 3W Stripe 1-33-28wxh, September 10, 2018 HH, OIL, TD: 18363 ft Lat: 34.70394, Long: -97.51638 API: 35049252090000 Casillas Operating Llc Woodford(15105): Oil 205.4 Gas 5277 Water 603 Flow 3 4N 4W Culebra 1-10-15wxh, October 15, 2018 HH, GAS, TD: 17013 ft Lat: 34.84195, Long: -97.59942 …

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Judge says time to get on with earthquake lawsuit

An Oklahoma City U.S. District Court judge figures it’s time to do something with a lawsuit stemming from the 2011 earthquake that left the city of Prague damaged and some of its residents hurt. In a series of rulings in a 2016 lawsuit, Judge Stephen P. Friot not only denied the addition of more plaintiffs …

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Democrats who want to ban fracking

Many of the 24 Democrats running for their party’s 2020 Presidential nomination have made it clear—they don’t like the oil and gas industry and at least 10 want to ban fracking. Fifteen of them want to ban all oil and gas production on public lands. In short,  what they support when it comes to environmental …

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$1 billion buyback plan announced by Continental Resources

Continental Resources in Oklahoma City announced this week plans for a $1 billion stock buyback. The announcement was made as the company also said its directors approved a quarterly dividend of 5 cents per share on the company’s common stock. “Today marks another milestone in Continental’s history as we initiate a total shareholder return strategy,” said Harold Hamm, …

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