October 2019 archive

Small phone companies ask for more funding from regulators

The distribution of more than $1.1 million in Oklahoma Universal Service Fund money to a handful of small telephone companies will be considered Wednesday by the Oklahoma Corporation Commission. The largest quest was made by Cross Telephone Company based in Warner, a company that provides service to 14 towns and cities in eastern Oklahoma. It …

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Energy news briefs

** At least 16 people protesting a wind farm at Oahu, Hawaii were arrested over the weekend. They blocked trucks carrying wind turbine parts and said ‘breaking the law’ was their last option. The 16 duct-taped themselves to one another to block the trucks. At least 127 arrests have been made in total as residents …

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“Fake news” in Minnesota as group stages “hoax” over phony pipeline

Fake news!  It’s not the cry of President Trump but reporters, residents and others in Minnesota following an elaborately-staged prank. The truth is now known….there won’t be any oil pipeline cutting through golf courses and cemeteries as announced over the weekend in Duluth, Minnesota.  It was a hoax, carried to perfection by a group called …

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LSB reports drop in third quarter earnings

Oklahoma City’s LSB Industries Inc. reported a net loss of more nearly $31 million in third quarter 2019 earnings compared to a year ago. Net sales for the quarter were $75.5 million compared to $79.8 million for the third quarter of 2018 for the firm that manufactures and sells chemical products for the agricultural, mining …

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Flat third quarter reported by National Oilwell Varco

Houston-based National Oilwell Varco, Inc., the firm defending itself in a drilling rig accident that killed five workers last year in Oklahoma, reported third quarter 2019 revenues of $2.13 billion, same as the second quarter of the year. But the revenues were down from the $2.15 billion reported for the third quarter of 2018. Net …

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Coal firm files bankruptcy

A day after Tulsa-based Alliance Resource Partners announced a drop in its coal business, the nation’s biggest private coal miner, Murray Energy Holdings Co. filed Chapter 11 reorganization bankruptcy. The filing was made in Ohio as Murray announced it had entered into a Restructuring Support Agreement with an ad hoc lender group holding more than …

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Increased quarterly earnings for ConocoPhillips

ConocoPhillips reported increased third quarter 2019 earnings as well as earnings for the first nine months of the year. Third quarter earnings were $3.1 billion or $2.74 a share compared with third-quarter 2018 earnings of $1.9 billion or $1.59 a share. Excluding special items, the company’s third-quarter 2019 adjusted earnings were $0.9 billion or 82 …

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Devon Energy listed among those who contributed to dark money group to unseat President Obama in 2012

A so-called dark money group has disclosed for the first time a list of contributors who fought President Obama in the 2012 election and it includes at least one Oklahoma City oil and gas company. The filing by the nonprofit group, Americans for Job Security revealed how Devon Energy contributed millions against President Obama’s re-election …

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Houston firm reports 3-well pad site with nearly 900 barrels a day production

Houston’s Oklahoma Energy Acquisitions LP filed completion reports this week on a three-well single pad with combined production of 879 barrels of oil a day. The firm is a subsidiary of Alta Mesa Holdings, LP. The wells were drilled in Kingfisher County which is part of the state’s STACK play. The Bollenbach 1705 wells, located …

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Completion reports for October 28, 2019

Completion reports fled for October 28, 2019. CADDO COUNTY Daylight Petroleum Llc Marchand: Oil 17 Water 4 Pump 10 5N 9W Walker 6, April 06, 2018 DH, OIL, TD: 6842 ft Lat: 34.92099, Long: -98.14104 API: 35015232880000 Daylight Petroleum Llc Marchand: Oil 70 Water 80 Pump 10 5N 9W Walker 8, May 26, 2018 DH, OIL, TD: 7121 ft Lat: 34.92059, Long: -98.14115 API: 35015232870000 …

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