July 28, 2019 archive

Earnings report coming this week from Mammoth Energy

Oklahoma City-based Mammoth Energy Services, Inc. will release its second quarter financial report this week. The company will make known the results after the market closes on Aug. 1, 2019. Company leadership will hold a conference call to discuss the results on Friday morning, Aug. 2 at ten o’clock Central Time. Mammoth had first quarter …

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New Mexico steps up contamination fight at 2 Air Force Bases

  The Associated Press reports that top New Mexico officials want the U.S. Air Force to immediately begin defining the boundaries of plumes of contamination at two bases in the state and provide alternate water supplies to affected residents. Attorney General Hector Balderas and the New Mexico Environment Department on Wednesday filed a motion seeking …

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Lower coal demand leads to lower net income for Tulsa coal company

Coal volumes were down along with prices as Tulsa-based Alliance Resource Partners, L.P. reported a slight increase in total revenues for the second quarter 2019 but a drop in net income. The company reported total revenues increased from $516.1 million to $517.1 million in the 2019 quarter ending June 30. Net income attributable to the …

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Earnings soared for Phillips 66

Phillips 66 saw earnings soar in the second quarter of 2019 as earnings rose to $1.4 billion compared to $204 million in the first quarter of the year. The company stated that excluding special items of $45 million in the second quarter, its adjusted earnings totaled $1.4 billion compared with $187 million in adjusted earnings …

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Record 2Q earnings reported by Phillips 66 Partners

  Phillips 66 Partners LP reported second quarter 2019 earnings of $233 million or $1.15 per diluted common unit. It was an increase over the $198 million reported in the first quarter of 2019. The company’s adjusted EBITDA totaled $319 million compared to $281 million in the previous quarter. “This quarter we had record earnings …

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Cheniere Energy declares distribution

Houston’s Cheniere Energy Partners, the firm building a new natural gas line from Kingfisher south to Texas reported a cash distribution of 61 cents a share. It translated into $2.44 annualized to unitholders of record as of Aug, 6, 2019 and will be payable on Aug. 14, 2019. The distribution comes as the company is …

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2Q distribution announced by Cypress Energy

Tulsa’s Cypress Energy Partners, L.P. announced a second quarter cash distribution of 21 cents a common unit. The board of directors declared the distribution which was the same as the first quarter of 2019. The second quarter distribution will be payable Aug. 14, to unitholders of record on Aug. 7, 2019. Cypress  had first quarter …

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Multi-well sites turn out to be big producers in STACK

Four wells with production of nearly 3,400 barrels of oil a day off a single pad were reported by Newfield Exploration Mid-Con. Inc. The Ronnie 1610 wells were drilled in Blaine County at 34 16N 10W at a site approximately 10 miles east of Watonga. The largest of the four wells produced 1,018 barrels of …

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Oil and gas rig numbers continue to slip

The oil and gas rig count in Oklahoma dropped again in the past week while the national count did the same. Oklahoma’s count slipped by 2 to 93 working rigs compared to 137 rigs reported a year ago. Nationally, the count dropped 8 to reach 946. The oil rig count is down 3 to 776 …

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Completion reports for July 26, 2019

Completion reports for July 26, 2019.   BLAINE COUNTY Devon Energy Production Co Lp Mississippian(10067): Oil 935 Gas 2660 Water 676 Flow 13 15N 10W Horsefly 13_24-15n-10w 2hx, August 25, 2018 HH, OIL, TD: 20566 ft Lat: 35.78244, Long: -98.22043 API: 35011238820000 Devon Energy Production Co Lp Mississippian(10331): Oil 501 Gas 2797 Water 1066 Flow 13 15N 10W Horsefly 13_24-15n-10w 3hx, August 25, 2018 HH, OIL, …

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