The combination of the government’s war on coal and slumping prices has resulted in Pittsburgh-based Kennametal Inc. announcing it is laying off 1,000 workers over the next 15 months. The company cites weak demand for the coal-mining and gas-drilling cutting tools that it makes. Kennametal has a workforce of 12,000, down about 2,000 from what …
Slipped deep in Devon Energy’s second quarter earnings report was word that the company intends to expand operations in Oklahoma’s prolific STACK, that northwest region where wells exceeding 2,000 barrels a day have been hit in the past year. Operations in west Texas will also be targeted for expansion. Devon said its full-year 2016 upstream …
Despite cleaning up more than 15,100 abandoned well sites in Oklahoma, the Oklahoma Energy Resources Board indicated this week it has much work ahead. In a report given to the Oklahoma Corporation Commission, a spokesman for the OERB estimated 20,000 to 40,000 abandoned well sites still need evaluation and cleanup, according to The Oklahoman and …
Despite huge success in Oklahoma’s STACK play, Texas-based Newfield Exploration Co. reported a second quarter loss of $667 million. And a day after the report of losses, the company announced the sale of all of its assets in Texas so it can speed up drilling in Kingfisher, Blaine and Canadian counties in northwest Oklahoma.. The …
Vandals thought to be environmental activists are suspected of damaging three oil pipeline construction sites in central Iowa. It occurred at the Dakota Access pipeline and Jasper County Sheriff John Hafferty says there’s little doubt the fires were intentionally set. He estimated damage to a bulldozer and other large-tracked equipment at $1 million. It was early …
Despite taking a substantial second quarter loss, Devon Energy Corporation raised its full-year guidance due to asset sales, cost reductions and better-than-expected production. On Tuesday, the Oklahoma City-based independent oil and natural gas exploration and production company reported a second quarter net loss of $1.6 billion or $3.04 a share, up from a loss of …
Crude oil futures settled below $40 a barrel on Wednesday for the first time since early April, according to a report by Bloomberg MarketWatch. On the New York Mercantile Exchange, the September West Texas Intermediate crude oil contract traded higher at $40.91 a barrel earlier in the day but fell 55 cents, or 1.4%, to settle …
ONEOK Inc. on Tuesday reported profits of $85.9 million for the second quarter, or 40 cents a share, up 12 percent compared to $76.5 million, or 36 cents a share earned for the same period a year ago. The company’s master limited partnership, ONEOK Partners LP, reported second quarter earnings of nearly $261.5 million, or …
CADDO COUNTY Harmon C E Oil Inc Melton(5830): Oil 1 Gas 113 Water 15 Pump 13 5N 9W School Land A 1, March 11, 2016 SH, GAS, TD: 6916 ft Lat: 34.91143, Long: -98.10370 API: 35015373050002 CANADIAN COUNTY Devon Energy Production Co Lp Mississippian(9035): Oil 534 Gas 1030 Water 1484 Flow 12 14N 8W Simba …
Ellis County NIGHTENGALE 8 #11HX, August 02 2016 17 20N 26W SWSESENE API: 04523620 Lat: 36.21026499303161, Long: -99.9905643728172 JONES ENERGY LLC HH, DR, 15274 ft, CLEVELAND(8050) Kingfisher County VADDER 18-05-23 #1H, August 02 2016 23 18N 5W SESESESW API: 07325347 Lat: 36.01526271335817, Long: -97.70306391136388 STAGHORN PETROLEUM LLC HH, DR, 12200 ft, MISS’AN (EX CHESTER)(6320) Major …
