Jerry Bohnen

Author's posts

Oil and gas heiress becomes new owner of Texas Monthly

Billionaire oil and gas heiress Randa Duncan Williams just bought the “Texas Monthly”, the magazine some like to call the “National Magazine of Texas.” The purchase price was not revealed but Williams bought the Austin-based monthly magazine from Genesis Park, a privae equity firm founded by Paul Hobby. With the acquisition, Williams becomes chairwoman of …

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Magellan Midstream reported to be attempting sale of share in Permian pipeline

U.S. pipeline operator Magellan Midstream Partners. a firm with pipelines stretching from the Cushing oil hub south to the Gulf Coast is exploring the sale of a 35% stake in its Longhorn crude oil pipeline in Texas for as much as $2 billion, according to published reports. Reuters cited unnamed sources in reporting the effort …

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Turnpike fees to go up for cash customers

If you’re an employee of an energy company and use the turnpike, get ready to pay more—-but only if you are a cash customer. The Oklahoma Turnpike Authority plans to implement the third and final toll hike for its Driving Forward Initiative. It will apply only to cash customers and not to Pikepass account holders. …

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WPX Energy plans to release 2Q results in early August

Tulsa’s WPX Energy is preparing to release its second-quarter 2019 earnings report. Company leadership will also hold a webcast on Tuesday, Aug. 6 beginning at 9 a.m. Central Time. Chief Executive Officer Rick Muncrief, Chief Operating Officer Clay Gaspar and Chief Financial Officer Kevin Vann will take part and discuss the company’s performance. In the …

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Judge dismisses challenge blocking $2 billion pipeline in the Permian Basin

A judge in Houston has dismissed a challenge to eminent domain used to create the nearly $2 billion Permian Highway Pipeline Project. All claims against the project were dismissed, leading Kinder Morgan, Inc. to applaud the decision. “The court’s finding validates the process established in Texas for the development of natural gas utility projects, as …

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Devon to announce 2Q results in August

Oklahoma City’s Devon Energy Corp. will release its second-quarter 2019 financial results in August. The company announced the release date will be Tuesday, Aug. 6 after the close of U.S. financial markets. They will also be available on the company’s website at www.devonenergy.com. Company leaders plan to hold a conference call the next day on …

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Marathon scores big on four wells in Kingfisher County

The four wells drilled by Houston’s Marathon Oil Company on the same pad site in Kingfisher County are producing a total of nearly 4,900 barrels of oil a day. Completion reports filed this week with the Oklahoma Corporation Commission show the largest of the wells at 33 15N 9W is producing 1,797 barrels of oil …

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Permits to drill for June 25, 2019

Permits to drill issued for June 25, 2019. Ellis County DUFFMAN 17X8-17-24 #1HA, June 25 2019 17 17N 24W SENESWNW API: 04523804 Lat: 35.949749632520785, Long: -99.78716468325439 FOURPOINT ENERGY LLC HH, DR, 19090 ft, CHEROKEE(10300) Grady County LEONARD #1-3-10-15XHM, June 25 2019 03 8N 7W NESWNWSW API: 05124661 Lat: 35.19399077743981, Long: -97.93343186008818 CONTINENTAL RESOURCES INC HH, DR, 24119 …

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Completion reports for June 25, 2019

Completion reports filed on June 25, 2019. CREEK COUNTY Lu-ray Petroleum Llc 30 17N 11E Doug Guinn 1, December 07, 2019 SH, PLUG, TD: 3000 ft Lat: 35.92720, Long: -96.18972 API: 35037294040000 DEWEY COUNTY Carrera Energy Llc 7 17N 15W Big Hunk Swd Tanks 1, August 27, 2018 SH, COMM, TD: 7100 ft Lat: 35.95732, Long: -98.83839 API: 35043235560001 …

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Legislator says oil and gas tax hike was classic case of “enemies of our enemies”

Chickasha Rep. David Perryman cites an increase in Oklahoma’s Gross Production tax on oil and gas as another example of what it means to work with people on “the other side of the aisle.” He used it as an example in a commentary this week about “Enemies of Our Enemies.” The ancient idea that “The …

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