Third quarter 2018 results for Oklahoma City’s Roan Resources, Inc. were announced Tuesday showing a net loss of more than $300 million following its reorganization. The company went through a reorganization process to form publicly traded Roan Resources, Inc. which was uplisted to the New York stock Exchange on Nov. 9, 2018. Its quarterly …
Nine Energy Service, Inc., the Houston company with operations throughout Oklahoma reported third quarter 2018 revenues of $218.4 million along with net income of $13.7 million and adjusted earnings of $38.4 million. The company indicated its quarterly revenues were up 6% compared to the second quarter of the year when revenues were $205.5 million. The …
No permits to drill were processed because Nov. 12, 2018 was Veterans Day.
Oklahoma City’s Gulfport Energy has donated more than $5,000 in winter coats to school children in Oklahoma City and it came just in time. The contribution came on the day snow hit the metro as representatives of the company handed out the coats to children at the Van Buren Elementary school on SW 40th street. …
Oklahoma’s STACK and SCOOP plays will be the focus of this year’s DUG Midcontinent conference in Oklahoma City, sponsored by Hart Energy Conferences. The show will initially begin Tuesday with a Midstream Technical Forum in the Renaissance Hotel starting at 1 p.m. But the bulk of the DUG show will be Wednesday and the opening …
A review by the Denver Post of the defeat of Colorado’s controversial Proposition 112, the increased drilling setback, shows those counties with heavy oil and gas exploration helped kill the measure pushed by environmentalists. Weld County, right in the heart of the state’s most active drilling was 75 percent against it. The proposition called …
A sand box fight is underway in Texas. Not just any sand box. But a plastic fracking sand box. It’s developed into a multi-million dollar fight originated when SandBox Logistics hired Arrows Up LLC of Illinois to design the container. That was in 2014 and last week, Arrows Up asked a Houston District judge for …
Billionaire oilman Harold Hamm is giving some of his money toward diabetes research at the OU Medical Center. It was announced over the weekend the Harold Hamm Foundation made a $34 million gift to the Harold Hamm Diabetes Centers at OU Medicine. It is considered to be the largest gift ever to the Center and …
After issuing a warning last week that lead and copper levels were too high at a drinking fountain of a Norman elementary school, the State Department of Environmental Quality admits it was wrong. There were no such high levels. It was a mistake. A resampling, according to the DEQ showed “no exceedance of lead and …
Pluses and minuses. It’s how Moody’s Investors Service views the $4 billion purchase of Anadarko Petroleum corporation’s midstream assets by Western Gas Partners, LP. In a report, Moody’s called it a credit negative for Western Gas saying it significantly increases the firm’s financial leverage. But because the acquired assets are close to the partnership’s existing …
