The largest geographical school district in Colorado has taken a step toward energy-efficient improvements and is awarding a $14 million dollar contract to a California company to help. The Pueblo County School District 70, one created with the consolidation of 34 smaller districts in 1950 awarded the contract to Willdan Group Inc. The company will …
May 2018 archive
SCOOP and STACK Operator to Release 1Q Earnings
One of the operators in Oklahoma’s STACK and SCOOP plays, Nine Energy Service Inc. plans to release its first quarter 2018 earnings on Monday, May 14. The company will hold a 10 a.m. Central Time conference call after releasing the results of the quarter ending March 31. Headquartered in Houston, Nine Energy also has operations …
First Quarter Better Than Expected for Newfield, thanks to the STACK
The first quarter earnings for Texas-based Newfield, the company with a heavy presence in Oklahoma’s STACK play turned out better than expected. The company reported its net production and Anadarko Basin net production exceeded the high-end of its guidance rangers. Domestic net production was 173,600 Boepd while net income totaled $86 million or 43-cents a …
Pruitt Wanted EPA to Open an Office in Tulsa
Even before he was sworn in as the new administrator of the Environmental Protection Agency, former Oklahoma Attorney General Scott Pruitt wanted to create an EPA office in Tulsa. He went so far as to direct staff to looking into the idea, according to U.S. House Democrats who released a letter this week. “Establishing a …
Puerto Rico Contract Boosted Earnings for Mammoth Energy
Mammoth Energy’s power restoration contract with Puerto Rico helped boost first quarter 2018 earnings for the Oklahoma City company. Helped by the $945 million contract to restore electrical power to Puerto Rico, the company reported a profit of $55.5 million or $1.24 a share. That compares to a $5 million loss a year ago. …
Eagle Ford Rattled by Small Earthquakes
Southern Texas has been rumbling this week with small earthquakes. They’ve occurred in the Eagle Ford oil play and south of San Antonio. The strongest measured 3.4 magnitude. The quakes were in the strongest oil-producing county in the Eagle Ford. The U.S. Geological Survey recorded the quakes near Poth and Runge on Tuesday. Some residents …
Williams Cites Joint-Venture Interests for Drop in 1Q 2018 Earnings
Williams and Williams Partners reported first quarter earnings this week. Williams had $152 million in unaudited net income for the quarter as well as adjusted first quarter earnings of $1.135 billion. But the net income was down from $373 million reported last year at this time. The company blamed the drop on a transaction involving …
Move to Divest San Juan Basin Holdings Pays Off for Tulsa’s WPX Energy
The divestiture of it its assets in New Mexico’s San Juan Basin apparently paid off for Tulsa’s WPX Energy as it reported first-quarter 2018 product revenue of $407 million. And the company’s exploration in the Delaware Basin resulted in an 8 percent increase over the previous quarter, plus a 149 percent jump from production a …
Arkansas’ Murphy Oil Issues Good 1Q Report for Shareholders
Like a lot of energy companies, Murphy Oil Corporation based in El Dorado, Arkansas had a glowing report for its shareholders. The company had income of $169 million which amounted to 97 cents a share. The adjusted income was $40 million and the cmopany returned 16 percent of operating cash flow to shareholders through dividend. …
Blueknight Energy to Release Earnings Report May 10
Oklahoma City-based Blueknight Energy Partners, L.P. plans to release its first quarter 2018 earnings report next week. The official release will be Thursday, May 10 before the market opens. A conference call will be held later in the day at 1 p.m. CDT. The company reported net income of $0.4 million for the fourth quarter …