Category: Oil & Gas

Stripper Well Operators Hit Hard by Downturn

“The small operators of the stripper wells are pretty resilient.” Mike Cantrell

Times are tough for some of the independent oil and gas operators in Oklahoma and elsewhere across the country because of the major drop in energy prices. But they …

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Hamm Still Optimistic About Oil Prices

What Continental Resources Founder Harold Hamm says about the falling oil prices and why he’s still optimistic.
“I see prices improving,” he told a third quarter earnings report last week in Oklahoma City. “I see prices improving to the 85-90 dollar r…

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Istook Calls for ‘Thank You’ to Oil and Gas

Former Oklahoma Republican congressman Ernest Istook says it’s about time the nation gave a big “thank you” to the country’s oil and gas companies for stimulating family budgets and the national economy.
It’s what he calls for writing recently in the …

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State’s Gasoline Average Falls to $2.86 says GasBuddy.com

Gasoline prices keep falling in Oklahoma and the statewide average is now $2.86 a gallon, according to GasBuddy.com. The new average compares to $2.99 a week ago and to $3.06 one month ago.
Nationally, the GasBuddy average is $2.93 a gallon compared …

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Despite Oil Price Drop, Most States See Increased Rig Counts

The latest Baker Hughes oil and gas rig count shows Oklahoma is unchanged with 208 active rigs in the past week. And despite the downturn in oil prices, many of the oil-producing states still saw an increase n their rig counts with the exception of New…

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Former State Energy Secretary Sullivan Honored by OIPA

The latest inductee into the Oklahoma Independent Petroleum Association’s Wildcatters Hall of Honor is former State Energy Secretary and Tulsa oilman Robert J. Sullivan Jr. He was inducted during the OIPA’s Fall conference.
Sullivan is owner of the Tu…

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Oil Slump Forces Continental to Adjust 2015 Drilling Efforts

Oklahoma City-based Continental Resources says its third quarter 2014 net earnings were $534 million which figured out to be $1.44 per diluted share. And the adjusted net income for the quarter came to $301 mlillion or $0.81 per diluted share. A year…

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No Surprise—Texas Leads Nation in Oil and Gas Job Growth

While Texas led the nation last year in energy job growth to the tune of 19,000 new private sector jobs in oil and natural gas production, Oklahoma was in the top ten states with what the federal government calls ‘significant contributions’, according …

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2013 Layoffs Proved to be Costly for Chesapeake

Even as Chesapeake Energy released its third-quarter earnings report this week of $169 million in net income and $82 million in adjusted earnings for shareholders, it was still dealing with former co-founder and president Aubrey McClendon.
Buried in t…

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Chesapeake Energy Leaders Call Quarterly Earnings ‘Outstanding’

Chesapeake Energy reports third-quarter net income of $169 million with adjusted earnings of $82 million for shareholders. The Oklahoma City-based energy firm said the adjusted net income for the quarter totaled $251 million or $0.38 per fully diluted…

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