This weekly report includes new Permits that have been Approved (or existing permits that have been Amended) between April 26th and close of business on May 2nd. There are two links on each line: – The SPOT link will take you to the well location on Google Maps. So, if you need it, this will …
May 2018 archive
Panhandle Oil and Gas reports lower profits
Oklahoma City-based Panhandle Oil and Gas reported $1 million in profits in the second quarter of 2018. It translated to a profit of 6 cents a share. The $1.01 million in profits was down from $3.47 million a year ago when per-share profits were 21 cents. Revenues fell to $11.4 million from the $14 million …
Wind Catcher Route Runs into Opposition from Osage Minerals Council
Another setback for PSO’s massive wind farm in the Panhandle called the Wind Catcher. The proposed route of the transmission line that would carry electricity from near Guymon to Tulsa and across Osage County was rejected by the Osage Nation Minerals Council. The tribe owns mineral rights to all of Osage County But council members, …
SandRidge Energy reports $41 million loss in first quarter
While fighting off a takeover attempt by activist investor Carl Icahn, Oklahoma City-based SandRidge Energy is reporting a net loss of $41 million in the first quarter of 2018. The loss amounts to $1.18 per share. But the company’s adjusted net income amounted to $5 million or 15-cents a share while the operating cash flow …
Altus Awaits Delayed New KC 46 Air Force Tanker
While Altus Air Force Base awaits the arrival of the new KC-46 Pegasus tanker and cargo plane, Boeing is pushing back on criticism about being late on delivery of the planes to the Air Force. The push-back came even as Altus AFB recently carried a story how the flight-training for C-46 refueling tanker crews will …
Wind Industry Transporter Creates Largest Distribution Center in SW Kansas
Chicago-based Transportation Partners and Logistics, the firm that started a distribution center last year in Enid now boasts of owning and operating the largest wind power component distribution center in North America. The company made the claim following the recent expansion of its location in Garden City, Kansas. It already has centers in North Dakota, …
Enable Midstream Offers $800 million in senior notes
Oklahoma City-based Enable Midstream Partners, LP announced this week it has priced an offering of $800 million in senior notes. The offering of the 4.950% senior notes due 2028 will be at a price to the public of 99.197% of their face value. And the offering will close May 20, 2018. The Partnership intends to …
Redcliff Gas Processing Plant at Woodward Powered by Private Electrical System
A Texas consulting company helped with the planning and development of the Redcliff gas processing plant near Woodward, a plant providing natural gas processing services in the STACK play. The cryogenic natural gas processing plant was built by Canyon Midstream Partners II, LLC based in Houston, but it was Priority Power Management LLC of …
Memo Shows Need for Pruitt’s First-Class Travel
A memo dated May 1, 2017 shows Scott Pruitt’s security detail indeed had concerns about his safety and suggested he travel by air in first class seating. The Washington Post uncovered the memo in a public records request, showing how the head of security, Pasquale “Nino” Perrotta wanted a better way to control the security …
Costello Gets Endorsement of Congressman Russell in Race for Labor Commissioner
Cathy Costello’s campaign to replace her late husband as Oklahoma Labor Commissioner got a boost this week from Oklahoma Congressman Steve Russell. The Republican U.S. Representative from the 5th district came out with an endorsement of Costello in the GOP primary. “I am endorsing Cathy Costello for Oklahoma Labor Commissioner because I want my children …
