July 31, 2019 archive

Strong revenue growth reported by ONEOK

ONEOK, Inc. announced higher second-quarter 2019 financial results, compared with the second quarter 2018, and maintained 2019 financial guidance. The company saw an 11 percent increase in net income to $312 million or 75 cents per diluted shares compared to the first quarter of 2019. Its adjusted EBITDA totaled $632.4 million which was a 5 …

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Increased revenue reported by Baker Hughes Co.

Baker Hughes Co. reported increased second quarter 2019 revenue of $6 billion, up 7 percent from the first quarter and 8 percent better than a year ago. The company said it had orders totaling $6.6 billion which was a 15 percent increase over the previous quarter and 9 percent more than the second quarter of …

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4,900 barrels of oil a day from 6 Devon Energy wells in Kingfisher county

Devon Energy scored big in Kingfisher County, one of the three major counties comprising the STACK. The company reported two multi-well sites on a single pad this week out of the Mississippian formation with the largest well producing nearly 2,100 barrels of oil a day. But the six wells, sitting in adjacent sections had combined …

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