Continental Resources reports 2,500 barrel a day well near Watonga

An amended completion report was filed this week on a Continental Resources well that saw initial production of more than 2,500 barrels of oil a day in Blaine County, one of the principal counties that make up the STACK play. The report was on the Madeline 2-4-9XHM well located about 4 miles northwest of Watonga. …

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Candidate who lost State Auditor’s race in 2018 is named new Oklahoma Tax Commissioner

Governor Kevin Stitt announced  the appointment of Charles Prater as the next commissioner to the Oklahoma Tax Commission. Prater’s a CPA who made an unsuccessful bid in 2018 to be State Auditor and Inspector. “Charles Prater has built a successful career in accounting and finance, and his knowledge and expertise will serve Oklahoma well as …

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House Committee approves train bill

A bill that could lead to railways being ticketed and fined thousands of dollars for blocking street intersections in Oklahoma won approval this week in a State House committee. The House Transportation Committee approved House Bill 2472 by  Speaker Charles McCall of Atoka and sent it to the House for a vote. McCall’s had no …

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“Oppy” dead after 15 years of exploring Mars

NASA scientists and administrator Jim Bridenstine, the former Oklahoma congressman, weren’t the only ones mourning this week’s formally-declared death of Opportunity, the rover sent to Mars 15 years ago. So was Oklahoma congresswoman Kendra Horn, who  chairs a House subcommittee on space exploration and technology. After NASA said “Oppy” as it was nicknamed no longer …

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Google makes another expansion of its plant in Pryor

Google says it’s expanding its data center in Pryor. Google CEO Sundar Pichai made the announcement on his blog Wednesday. It’s part of a huge expansion of data centers across the country. “Today we’re announcing over $13 billion in investments throughout 2019 in data centers and offices across the U.S., with major expansions in 14 …

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Reporter threatened as he tried to ask Senator about Green New Deal

     Asking questions about the Democrats’ Green New Deal plan can land you in trouble with some of those Democrats in Congress. Take the case of Henry Rodgers of The Daily Caller who was threatened recently when he approached New Jersey Sen. Bob Menendez to ask him about the Green New Deal. Menendez tore …

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Continental Resources predicts 19% increase in crude oil production with $2.6 billion Cap-Ex budget

Oklahoma City’s Continental Resources expects to see up to a 19 percent increase in annual crude oil production with a 2019 capital expenditures budget of $2.6 billion. The company predicts the cap-ex budget will generate nearly $3 billion in cash flow from the operations and another $600 million of free cash flow for full-year 2019 …

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New pipelines to be built in Oklahoma by Williams and Targa Resources

Two new pipelines will be built to carry natural gas in Oklahoma and Kansas and the deal involves Williams Cos. of Tulsa. Williams is joining forces with Targa Resources Corp to build the 188-mile NGL “Bluestem Pipeline” from the Williams fractionator in central Kansas and the southern terminus of the Overland Pass Pipeline. Conway is …

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Williams Cos. reports losses for 4Q and for all of 2018

  After reporting  a profit for the fourth quarter of 2017, Tulsa-based Williams reported this week a $572 million loss in the fourth quarter of 2018. It also reported a loss of $156 million for all of 2018 compared to 2017. The per share loss came to 47 cents for the fourth quarter and 16 …

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Dividend declared by owner of Tulsa refinery

HollyFrontier Corporation, the owner of a refinery in Tulsa as well as others in Kansas, New Mexico, Wyoming and Utah announced a quarterly dividend this week. The Dallas firm’s Board of Directors declared a 33-cent-a-share dividend payable on March 13, 2019 to holders of record of common stock on Feb. 27, 2019. HollyFrontier Corporation, headquartered …

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