August 8, 2018 archive

House Energy and Natural Resources Committee to Host Two Oil and Gas Interim Studies

The Oklahoma House of Representatives Energy and Natural Resources Committee will kick off the legislative interim studies by hosting a deep dive on two oil and gas topics in mid-August. The legislative committee will utilize the morning session to address municipal and state guidelines concerning oil and gas production within municipal boundaries. The committee will …

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Permits to Drill — August 9, 2018

Blaine County AMERICAN HORSE SWD #3, April 04 2018 01 14N 13W SENENENW API: 01123979 Lat: 35.72385575833697, Long: -98.53522432037778 OVERFLOW ENERGY LLC SH, AM, 5500 ft, WOLFCAMPIAN(3450), VIRGILIAN(4810) Blaine County TOLBERT FEDERAL #3-32-29XHM, August 08 2018 32 15N 11W SWSESWSW API: 01124060 Lat: 35.72612951086692, Long: -98.39906945715823 CONTINENTAL RESOURCES INC HH, DR, 22292 ft, MISSISSIPPIAN(12190) Blaine County TOLBERT …

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SandRidge Energy reports $34 million net loss in 2Q of 2018

  – SandRidge Energy, Inc.  on Wednesday announced financial and operational results for the quarter ended June 30, 2018. For the second quarter, the Company reported a net loss of $34 million, or $0.97 per share, and net cash provided by operating activities of $26 million. After adjusting for certain items, the Company’s adjusted net loss amounted to …

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Melton Truck Line President named to Oklahoma Transportation Commission

Governor Mary Fallin on Wednesday announced she has appointed Robert A. “Bob” Peterson to the Oklahoma Transportation Commission. Peterson, of Tulsa, will replace Peter J. Regan, who has resigned. Regan, of Tulsa, was reappointed to the Transportation Commission by Fallin in 2011 and in 2016. Peterson will represent District 8, which covers the northeast part …

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Increased revenues reported by Key Energy for 2Q

Houston based Key Energy Services, Inc. reported second quarter 2018 consolidated revenues of $144.4 million and a pre-tax GAAP loss of $16.7 million, or $0.84 per share. The results for the second quarter include expenses of $0.3 million, or $0.02 per share, associated with certain equity awards and gains on sale of assets of $0.7 …

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Permits to drill for Aug. 8, 2018

Blaine County AMERICAN HORSE SWD #3, April 04 2018 01 14N 13W SENENENW API: 01123979 Lat: 35.72385575833697, Long: -98.53522432037778 OVERFLOW ENERGY LLC SH, AM, 5500 ft, WOLFCAMPIAN(3450), VIRGILIAN(4810) Blaine County TOLBERT FEDERAL #3-32-29XHM, August 08 2018 32 15N 11W SWSESWSW API: 01124060 Lat: 35.72612951086692, Long: -98.39906945715823 CONTINENTAL RESOURCES INC HH, DR, 22292 ft, MISSISSIPPIAN(12190) Blaine County TOLBERT …

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Completion report for Aug. 8, 2018

BLAINE COUNTY Continental Resources Inc Mississippian Lime(12853): Oil 32 Gas 19810 Water 2432 Flow 14 14N 12W Blue Fiu 1-14-23xh, April 24, 2018 HH, GAS, TD: 21290 ft Lat: 35.69005, Long: -98.45427 API: 35011238710000 Marathon Oil Company Mississippian(11005): Oil 422 Gas 4432 Water 1015 Flow 16 15N 13W Robert 1513 1-16mh, September 16, 2018 HH, OIL, TD: 17419 ft Lat: 35.76925, Long: -98.58022 API: 35011237600000 Marathon Oil …

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EPA proposal to allow new uses for asbestos angers critics

While the use of asbestos has been limited in the past, the government is considering new uses for the material suspected of causing cancer and other diseases. The Environmental Protection Agency has proposed rules that could allow for new uses of the product that once was widely used in the construction of homes and office …

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It’s not exactly a bridge to nowhere

  Some red faces no doubt exist at at least one or maybe two federal agencies after they learned a North Dakota rancher wrongly was allowed to build a bridge over the Little Missouri River. The problem with rancher Wylie Bice’s bridge northwest of Killdeer?  One end sits on public land. The other sits on …

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Continental Posts $242.5 Million in Net Income for 2Q 2018 Results

Oklahoma City-based Continental Resources, Inc. announced second quarter operating and financial results on Tuesday, according to a company press release. The Company reported net income of $242.5 million, or $0.65 per diluted share, for the quarter ended June 30, 2018. The Company’s net income includes certain items typically excluded by the investment community in published estimates, the result of …

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