August 10, 2018 archive

Delving into Oklahoma’s economic recovery at the state government level

Oklahoma State Treasurer Ken Miller is out with his monthly treasurer’s report, one showing how the state has recovered economically over the past fiscal year.  That’s good reason for him to smile a lot more these days. Gross Receipts totaled $12.2 billion, while the General Revenue Fund increased as well thanks in part to a …

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Permits to drill Aug. 9, 2018

Beaver County BONNIE #1-24, August 09 2018 24 6N 21E CS2NW API: 00724786 Lat: 36.973782015331814, Long: -100.7431470055781 FOUNDATION ENERGY MANAGEMENT LLC SH, RC, 6850 ft, CHASE(2750), COUNCIL GROVE(3050), HEEBNER(4330), LANSING(4550), OSWEGO(5630), CHEROKEE(5750), MORROW UP(6020), MORROW LOW(6260), CHESTER(6260) Blaine County RANDALL WHITE FEDERAL #1-19HM, August 09 2018 19 15N 13W NWNWNWNW API: 01124062 Lat: 35.768234733956696, Long: -98.63126684644904 CONTINENTAL …

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Completion reports for Aug. 9, 2018

GRADY COUNTY Marathon Oil Company Mississippian(12116): Oil 385 Gas 705 Water 470 Flow 16 6N 5W Lucille Hay 0605 1-15mh, December 27, 2017 HH, OIL, TD: 16975 ft Lat: 34.98675, Long: -97.72529 API: 35051241740000 KINGFISHER COUNTY Marathon Oil Company Mississippian(7438): Oil 647 Gas 548 Water 486 Flow 35 16N 7W Cerny 1607 3-35mh, February 13, 2018 HH, OIL, TD: 12932 ft Lat: 35.82641, Long: -97.91357 API: 35073256980001 …

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SemGroup Reports Net Loss of $2.7 Million for 2Q 2018

Tulsa-based SemGroup Corporation reported a net loss of $2.7 million for the second quarter of 2018, compared to net loss of $33 million in the first quarter of 2018 and net income of $9.6 million in the second quarter of 2017. The improvement in quarter over quarter earnings is primarily due to lower income tax and …

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Unit Corporation Posts $5.8 in Net Income for Second Quarter of 2018

Tulsa-based Unit Corporation posted a net income of $5.8 million for the second quarter of 2018, according to a company press release issued on Wednesday. The results reported below include those attributable to Unit’s consolidated subsidiaries. Second quarter highlights include: Net income attributable to Unit of $5.8 million; adjusted net income attributable to Unit of …

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OGE Posts Second Quarter Results for 2018

Oklahoma City-based OGE Energy Corp., the parent company of Oklahoma Gas and Electric Company and holder of 25.6 percent limited partner interest and 50 percent general partner interest in Enable Midstream Partners, LP, reported earnings of $0.55 per diluted share for the three months ended June 30, 2018, compared to $0.52 per diluted share for the second quarter of 2017. …

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Panhandle Oil and Gas Posts $775 Thousand Loss for 2Q 2018

Oklahoma City-based Panhandle Oil and Gas reported a loss of more than $775 thousand for the second quarter of 2018. It translated to a loss of five cents a share, according to a company press release. Panhandle declared a loss of nearly $2.129 million on its derivative contracts for three months ending in June of …

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Shareholders Approve Merger of Williams Companies, Inc. and Williams Partners L.P.

Following a special meeting of shareholders on Thursday, the Williams Companies, Inc. and Williams Partners L.P. announced that Williams shareholders approved the merger transaction between the two companies. More than 99 percent of the Williams voting shares approved the merger and related amendment. The Williams shares voted represented approximately 82 percent of Williams’ total outstanding …

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Tesla Board Will Consider Elon Musk’s Proposal to Take Company Private

When Elon Musk speaks, people listen. The CEO, co-founder and product architect of Tesla, Inc. continues his unconventional approach to running his beloved electric vehicle empire. As news spread on Tuesday about Musk’s desire to take the company private at $420 per share in order to better serve the company’s long term interests, six members …

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