February 2018 archive

ConocoPhillips Reports 7.5 percent Increase in Fourth Quarter Dividends But a Net Loss in 2017 Earnings

ConocoPhillips, the Houston company with major operations in Oklahoma reported a 7.5 percent increase in its 2017 fourth quarter dividends . Earnings for the fourth quarter totaled $1.6 billion or $1.32 per share.  In the fourth quarter of 2016, the company reported a net loss of $35 million or $0.03 per share. For the full-year …

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Permits to Drill Issue for January 25-31

The following are the drilling permits issued by the Oklahoma Corporation Commission for the time period January 25 through January 31.   COUNTY Well name Operator HOLE PERMIT SCTN TWN RNG SPOT Approval Date Scan Date API Document Blaine RANDOLPH 1-34-27XHM CONTINENTAL RESOURCE HH DR 34 15N 13W SE SE SE SE Jan-31-2018 Jan-31-2018 01123930 …

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Completion Reports for January 25-31.

The Oklahoma Corporation Commission’s weekly completion reports cover the period Jan. 25 through Jan. 31.   COUNTY Well name OPERATOR SCTN TWN RNG SPOT Completion Date Oil Gas Water Scan Date API Document Alfalfa BEN 2411 1H-07 A MIDSTATES PETROLEUM 7 24N 11W NE NW NW NW Nov-06-2017 58 593 8512 Jan-26-2018 00323290 500632816 Beaver …

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Deadly Rig Blast Happened as Crew Was Pulling Pipe to Change Drill Bit

Investigators looking into the January 24 drilling rig explosion that killed 5 men near Quinton, Oklahoma say workers were in the process of changing the drill bit when the blast happened. The U.S. Chemical Safety Board reported this week in its website the new information found by its investigators. ” At the time of the …

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Corporation Commissioner Says Government Reform Has to Begin With “Honesty”

Oklahoma Corporation Commissioner Bob Anthony takes issue with Step Up Oklahoma and its call for Commissioners to be appointed by the governor and not chosen by voters. In an editorial this week, the long-time commissioner reminded the group of civic and business leaders their ideas are not new and they were first raised 30 years …

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New Monthly Report Shows Economy “Healthy” for Oklahoma and Other Midwestern States

The monthly report on the economies of Oklahoma and 8 other states in the Midwest and Plains indicated a slight dip for January. But Creighton University economist professor Ernie Goss still says it’s healthy for the region. “It’s a good report. Looking ahead 3 to 6 months, there’s good growth out there,” said Goss. The …

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Fight Between City of Mustang and Citizen Energy of Tulsa Heads to State Appeals Court

A Tulsa oil and gas company is appealing a Canadian County judge’s ruling blocking the firm from moving ahead with drilling activities in the city limits of Mustang. Citizen Energy disagrees with District Judge Paul Hesse who granted a temporary injunction in the oil company’s fight with the city over requirements. In its appeal filed …

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