As it announced an 11% increase in net income to $1,278.6 million, ONEOK is also expanding its natural gas liquids pipeline that runs from the Bakken in North Dakota to Kansas. It is a $305 million project. The Tulsa-based company also will add a new processing facility to its Elk Creek Pipeline that became operational in …
Oklahoma City’s Continental Resources reported a loss of quarterly and yearly revenues, showing its net income for the quarter that ended Dec. 31, 2019 totaled $193.9 million or $0.53 per diluted share. It was down from the $197.7 million reported a year earlier. It came as the company remained the number one oil producer …
A Water Lobby Day is planned at the Oklahoma State Capitol next week, one sponsored by the Oklahoma Chapter of the Sierra Club. The organization says it plans to educate the general public and state legislators on topics that impact the state’s water. Those behind the Lobby Day include citizens,tribal representatives and public interest organizations. …
ONE reported higher results both for the last quarter of the year and for all of 2019. And earnings continue to improve in 2020. ONEOK’s net income increased 9% in the fourth quarter 2019 and 11% for the full year 2019, compared with the same periods in 2018. Adjusted EBITDA went up 5% reaching more …
Tulsa-based OGE Energy Corp. reported increased earnings in 2019 compared to 2018 but quarterly earnings were down. The company stated its earnings were $2.16 per average diluted share in 2019 compared with $2.12 in 2018. In 2019, OG&E, a regulated electric utility, reported net income of $350 million and contributed $1.74 per diluted share, compared with $328 million, or $1.64 per diluted share in …
Oklahoma City’s Devon Energy is riding high after reporting not one but three sister wells this week with combined production of more than 5,200 barrels of oil a day out of the STACK play. We initially reported the company had one Everett 12_1-15n-11w well with production of 1,578 barrels a day at the site …
Permits to drill issued on February 26, 2020. Canadian County CROOKED PINE 22_15-12N-8W #4MHX, December 03 2019 22 12N 8W N2SWSWSE API: 01725568 Lat: 35.494360161676084, Long: -98.03332538067109 PALOMA OPERATING CO INC MU, AM, 20959 ft, MISSISSIPPI(10553), MISSISSIPPIAN(10670) Canadian County CROOKED PINE 22_15-12N-8W #6MHX, December 04 2019 22 12N 8W NESWSWSE API: 01725569 Lat: 35.49436016597789, Long: -98.03325819642313 PALOMA …
Completion reports filed for February 26, 2020. BLAINE COUNTY Devon Energy Production Co Lp Miss’an Less Chester/ Mississippi Lime: Oil 1890 Gas 4047 Water 887 Flow 12 15N 11W Everett 12_1-15n-11w 3hx, June 16, 2019 HH, OIL, TD: 21208 ft Lat: 35.78393, Long: -98.32534 API: 35011241480000 Devon Energy Production Co Lp Mississipi Lime: Oil 1756 Gas 3822 Water 612 Flow 12 15N 11W Everett 12_1-15n-11w 4hx, …
Williams Companies in Tulsa calls it nothing but a rumor and tries to downplay it, but Reuters reports the company is intent on finding a partner to invest in its pipelines, a move that could theoretically raise $5 billion for the company. Reuters attributed its information from “people familiar with the matter.” The …
SandRidge Energy leader John Suter was up front about his Oklahoma City company’s 2019 earnings performance. It wasn’t good. He described it as a “challenging year” after the company announced a fourth quarter net loss of $249 million or $7.01 per share. The adjusted net loss was $4 million or $0.11 a share even …
