Tulsa-based Williams Companies Inc. reported on Wednesday a first quarter net loss of $65 million, or 9 cents per share, compared to 2015’s first quarter gain of $70 million, or 9 cents per share, according to a company press release and a news report published in The Tulsa World. The company’s first quarter 2016 adjusted income …
May 2016 archive
Continental Resources Posts 1Q Loss of $198 Million for 2016
Continental Resources Inc. reported a first quarter net loss of $198 million, or 54 cents per share, after cost-cutting measures failed to offset declining oil prices, according to a press release issued by the company. The larger-than-expected drop compares with a loss of $132 million, or 36 cents per share, posted a year ago. Revenues …
WTI, Brent Futures Hover Near $45 Despite Crude Stockpile
U.S. crude prices ended a three day slide and settled slightly higher despite lingering concern over a supply build up, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, West Texas Intermediate futures added 13 cents, or 0.3%, to reach $43.78 a barrel. July Brent crude, the global oil benchmark, ended down 35 cents, or 0.8%, to settle …
Completion Reports May 5, 2016
COAL COUNTY Bravo Arkoma Llc 4 1N 10E Bravo Swd 1, April 11, 2016 SH, DISP, TD: 9315 ft Lat: 34.58367, Long: -96.26628 API: 35029213160002 DEWEY COUNTY Tapstone Energy Llc Mississippian(9400): Oil 159 Gas 3208 Water 2451 Flow 4 18N 16W Randy 9-18-16 1h, April 11, 2016 HH, GAS, TD: 16625 ft Lat: 36.05842, Long: …
Permits to Drill May 5, 2016
Canadian County WEHMULLER 1307 #2-19MH, May 04 2016 19 13N 7W SESESWSW API: 01724901 Lat: 35.580709126769214, Long: -97.99112541172256 PAYROCK ENERGY LLC HH, DR, 15324 ft, MISSISSIPPIAN(9920) Grady County HINPARR 31-6-10-5 #1XH, February 10 2016 31 10N 5W NENENWNE API: 05124024 Lat: 35.30459226084271, Long: -97.76451866851458 LINN OPERATING INC HH, AM, 19642 ft, MISSISSIPPIAN(9652), WOODFORD(9696) Hughes County …
Senators Want DOJ Probe of EPA’s Handling of Gold Mine Toxic Waste Spill
When the Gold King Mine spill occurred last summer in southern Colorado, Oklahoma U.S. Senator Jim Inhofe jumped all over the issue in his capacity as chairman of the U.S. Senate Environment and Public Works Committee. He blamed the Environmental Protection Agency for the spill of toxic liquids into the Animas River north of Silverton. …
Newfield Exploration Reports First Quarter Losses
Houston-based Newfield Exploration Company, one of the most active energy firms in Oklahoma’s oil plays reports reported a net loss of $624 million in its first quarter of 2016. It amounted to a loss of $3.52 per diluted share as the company blamed much of the loss on a full-cost ceiling test impairment of …
Disappointed Leaders at Halliburton and Baker Hughes
Disappointment reigns at Halliburton and Baker Hughes following the collapse of their merger talk and the filing of a legal challenge by the Department of Justice. As Bloomberg News reports, Halliburton’s Chief Executive Officer Dave Lesar wanted Baker Hughes Inc. bad. Now his company’s paid $3.5 billion in termination charges to Baker Hughes. But …
HollyFrontier Reports Big Drop in Earnings But At Least it Made a Profit
Just how badly has the energy downturn hit some companies? Ask executives at HollyFrontiier Corporation based in Dallas where first quarter net income totaled $21.3 million compared to the $226.9 million compared to a year ago. The income was $0.12 per diluted share for the quarter ended March 31, 2016 compared to the $1.16 paid …
Enable Midstream Reports Increased Earnings in First Quarter
Oklahoma City-based Enable Midstream is reporting adjusted earnings of $215 million in the first quarter of the year, an increase from the $207 million reported one year ago. The company said that’s an increase of $8 million or four percent. It also saw an increase in crude oil gathered volumes by 22.13 thousand barrels a day …