Alisha Davidson

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Continental Posts $242.5 Million in Net Income for 2Q 2018 Results

Oklahoma City-based Continental Resources, Inc. announced second quarter operating and financial results on Tuesday, according to a company press release. The Company reported net income of $242.5 million, or $0.65 per diluted share, for the quarter ended June 30, 2018. The Company’s net income includes certain items typically excluded by the investment community in published estimates, the result of …

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PSO Withdraws OCC Wind Catcher Application

After the Texas Public Utility Commission denied an application for the Wind Catcher Energy Connection project, Tulsa-based Public Service Co. of Oklahoma conceded victory and filed to withdraw a similar application for the wind farm before the Oklahoma Corporation Commission on Tuesday. Last week, the Texas Public Utility Commission rejected the certificate of convenience and …

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Bold Nebraska Attacks Keystone XL Draft Environmental Assessment

The U.S. Department of State recently published its Draft Environmental Assessment for the Keystone XL Pipeline Mainline Alternative Route in Nebraska and at least one coalition has expressed vehement opposition to the proposal. Bold Nebraska, a progressive grassroots political advocacy group, has numerous points of contention. The coalition asserts the plan minimizes the impact of …

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Devon Releases August 2018 Investor Presentation

Oklahoma City-based Devon Energy Corporation recently released its August 2018 Investor Presentation. Key elements of the report focus on the following: Concentrated Activity in Delaware Basin and STACK Devon touts its multi-decade growth platform which features over 30,000 potential locations in the Delaware Basin and STACK area. Expanding Cash Flow The company intends to optimize …

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LINN Energy Finalizes Riviera Resources Spin-Off

Houston-based LINN Energy, Inc. announced it has completed the spin-off of Riviera Resources, Inc., according to a company press release issued Tuesday. OK Energy Today previously reported on April 20, 2018 that the company planned to split into two companies – Roan Resources, LLC and Riviera Resources, Inc. The announcement came a year after the …

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Daily Permit Report — August 8, 2018

Blaine County PIPER’S HILL SWD #1-35, August 07 2018 35 15N 13W SWSESESE API: 01124059 Lat: 35.72587363807842, Long: -98.5446036165933 E O K OPERATING LLC SH, DR, 9000 ft, WOLFCAMPIAN(3500), VIRGILIAN(4900), MISSOURIAN(7600) Custer County WINGARD SWD #1-15, August 07 2018 15 14N 14W SENENENW API: 03922548 Lat: 35.69537214749701, Long: -98.6776263014454 E O K OPERATING LLC SH, DR, 10000 …

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Senate Amendment Forces Amtrak to Keep Rail Service on Track for Southwest Chief

A blockbuster move by a Senate bipartisan coalition will require Amtrak to provide $3 million in rail-repair funds to assist with continuity of the Southwest Chief passenger service, according to a recent report published in the Pueblo Chieftain. Six senators from Kansas, Colorado and New Mexico placed an amendment into a national transportation appropriations bill …

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New JV Pipeline Adventure for Permian Basin to Texas Gulf Coast

Four energy companies signed a letter of intent to jointly develop a natural gas pipeline from the Permian Basin to the Texas Gulf Coast, according to a recently issued press release. The Whistler Pipeline Project is the focus of Houston-based Targa Resources Corp., Florida-based NextEra Energy Pipeline Holdings LLC, Austin-based WhiteWater Midstream LLC, and Ohio-based …

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Time for a Cool Change in Oklahoma

Temporary relief is in store for Oklahoma this week as the dog days of Summer are quenched by some much-needed rain and cooler temperatures. Gary McManus, State Climatologist with Oklahoma Mesonet, reported Monday that the jet stream’s northwest flow should interact with Gulf moisture to produce overnight precipitation, particularly on Tuesday and Wednesday nights. Tuesday …

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OCC Releases Signing Agenda for Tuesday Morning Session

The Oklahoma Corporation Commission will meet on Tuesday morning for a signing order session. The meeting will be held at 9:30 a.m. at the Jim Thorpe Building in Room 301. One item is Cause No. PUD 201800061, an application of Public Service Company of Oklahoma for an order of the Commission determining if CKEnergy Electric Cooperative, …

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