Oklahoma City-based Devon Energy Corporation’s plan for growth is proving to be highly successful as the company posted $425 million in net earnings for the second quarter of 2017, up from a loss of more than $1.5 billion for the same quarter last year. “Devon achieved another high-quality operating performance in the second quarter, building …
2017 archive
Crude Oil Futures Retreat on Tuesday
Oil futures receded on Tuesday as the U.S. benchmark fell below $50 a barrel while evidence pointed to an OPEC production increase, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude fell $1.01, or 2%, to settle at $49.16 a barrel. October Brent crude, the global benchmark, lost 94 cents, …
Completion Reports August 2, 2017
CARTER COUNTY Citation Oil & Gas Corporation 16 2S 2W Cox Penn Sand Unit(Gladney #5) 4, March 17, 2017 SH, INJ, TD: 2011 ft Lat: 34.38829, Long: -97.40635 API: 35019041530001 HASKELL COUNTY Bravo Arkoma Llc Woodford(6716): Gas 3636 Water 1854 Flow 31 8N 20E Kinta 1-30/19h, April 09, 2017 HH, GAS, TD: 16061 ft Lat: 35.12795, Long: -95.23662 API: 35061223580001 HUGHES …
Permits to Drill August 2, 2017
Blaine County LEVI #1-13H, August 01 2017 13 13N 12W SWNENENW API: 01123270 Lat: 35.607686359243736, Long: -98.43025813682341 DEVON ENERGY PRODUCTION CO LP HH, RC, 17770 ft, ATOKA(11220), SPRINGER(11700) Blaine County SUCCOTASH 26-15N-13W #1H, April 19 2017 26 15N 13W SWSESESE API: 01123783 Lat: 35.74036978707537, Long: -98.54559573725291 PALOMA OPERATING CO INC HH, AM, 17269 ft, MISSISSIPPIAN(12325) Blaine …
PSO Wants Quick Decision from State on Proposed Largest Wind Farm in the U.S.
Tulsa’s Public Service Co. is asking for a quick decision from the Oklahoma Corporation Commission on its plan to build what will be the largest wind farm in the U.S. PSO and a sister utility say they need the fast response in order to have the Wind Catcher project near Guymon qualify for federal tax …
Energy Transfer Founder Says Wrong Information was Used in Call for Investigation of His Pipeline
Dallas billionaire Kelcy Warren, the man behind the Dakota Access pipeline and the failed merger with Tulsa’s Williams Companies is telling two members of congress they used inaccurate information to call for an investigation of his latest pipeline venture. Warren’s founder of Energy Transfer Partners LP and responded to Sen. Maria Cantwell of Washington and …
ConocoPhillips Wraps up $3 billion Sale of San Juan Basin Holdings
ConocoPhillips says it’s wrapped up its sale of its San Juan Basin assets in New Mexico with Hilcorp Energy Company. The firms had previously announced the $3 billion sale. The sales price includes $2.7 billion in cash and contingent payments of up to $300 million. The contingent payments portion is effective from Jan. 1, 2018 …
Holly Energy Reports Increased Income in 2nd Quarter
Holly Energy Partners, the Dallas based company with a refinery and storage facilities in Oklahoma reported an increase in net income in the second quarter. Income totaled $41.3 million compared to $39.1 million one year ago. Distributable cash flow was $60.9 million for the quarter, an increase of $5.2 million or 9.3% compared to the …
A Good Second Quarter for OKC’s Enable Midstream
Oklahoma City’s Enable Midstream Partners, LP reported an increase in second quarter 2017 net income compared to a year ago. Income totaled $95 million, up from the $39 million reported in the second quarter of 2016. The company credited a higher gross margin, partially offset by higher interest expenses and higher depreciation an amortization expense. …
Total Energy Production Rankings Released by EIA
The federal government says when it comes to total energy production in the U.S., the state of Wyoming is at the top of the list. The remaining states in the top five are Texas, Pennsylvania, West Virginia and North Dakota. Oklahoma is ranked third nationally behind number one Texas and Pennsylvania when it comes to …