November 2018 archive

Energy Transfer not only building a new fractionator but expanding a pipeline into the Permian Basin

  So much volume is coming from around the U.S. that Dallas-based Energy Transfer LP and its subsidiary Lone Star NGL LLC plan to build a seventh natural gas liquids fractionation operation at Mont Belvieu, Texas. The company also plans an expansion of a pipeline serving the Permian Basin. They call it “Fractionator VII” and …

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Dividend declared by Halliburton

  Halliburton Company’s declared an 18-cent a share dividend for those who have ownership in the company stock. The board of directors approved the 2018 fourth quarter dividend on the company’s common stock and it will be payable Dec. 27, 2018 to shareholders of record at the close of business Dec. 6, 2018. The company …

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Newly formed KC electric utility reports big earnings

Electricity supplier Evergy, Inc., the newly-created firm based in Kansas City, Missouri says its third quarter earnings shot up from $158 million a year ago to $355 million this year. The $355 million translated to a $1.32 a share earnings, a 21 cent increase over what shares earned at the end of the third quarter …

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Big jump in quarterly earnings for Tulsa’s NGL Energy Partners LP

Tulsa-based NGL Energy Partners LP announced its second quarter net income of $354.9 million—far better than the $173.6 million it lost a year ago.  Net income for the quarter included a gain of $408.6 million on the sale of the company’s remaining Retail Propane segment. NGL’s second quarter ended Sept. 30 and the adjusted earnings …

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Quarterly earnings up for OGE

Anyone with shares in OGE Energy Corp. received third quarter earnings of $1.02 a share according to the earnings report announced by the company on Thursday. Net earnings totaled $205 million, up from the $183 million reported a year earlier. The earnings were up from the 92-cents a share reported for the third quarter of …

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Devon Energy sees $2.5 billion in 3Q net earnings

  Oklahoma City’s Devon Energy reported third quarter net earnings of $2.5 billion or $5.14 per diluted share. Adjusted cored earnings came to $324 million or 65 cents a share, more than the estimates of analysts. The company stated that it’s operating cash flow totaled $807 million or 61 percent more than the third quarter …

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Former legislator to become Oklahoma’s new Labor Commissioner

Tough as Nails.  Sharp as a Tack. That’s how Leslie Osborn’s campaign website described her as she ran for Oklahoma Labor Commissioner.  She’ll soon be in charge of the Labor Department, enforcing laws and regulations against energy companies across the state, whether they’re in the oil and gas industry, wind, coal or others. The former …

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Marathon Oil not only reports big profits in 3Q but more success in the STACK

  Marathon Oil’s latest STACK success might be good reason the Houston company reported this week a $254 million net profit in the third quarter. The company also filed completion reports showing three wells drilled on a single pad north of Greenfield in Blaine County, 3 15N 11W, had production of 1,347 Boed, 1,212 Boed …

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Permits to drill for Nov. 7, 2018

Permits to drill for Nov. 7, 2018.   Alfalfa County GUY #1-28H, November 06 2018 28 25N 11W SESWSESW API: 00323348 Lat: 36.60914645935738, Long: -98.39065156629202 AEXCO PETROLEUM INC HH, DR, 11200 ft, MISSISSIPPIAN(6000) Blaine County CHARMA 12_1-15N-11W #5HX, November 07 2018 07 15N 10W SESWSWSW API: 01124121 Lat: 35.78388929985443, Long: -98.31175930294046 DEVON ENERGY PRODUCTION CO LP HH, …

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Completion reports for Nov. 7, 2018

Completion reports for Nov. 7, 2018 BLAINE COUNTY Marathon Oil Company Mississippi(10887): Oil 1212 Gas 2483 Water 2426 Flow 3 15N 11W Hr Potter 1511 4-3-34mxh, September 20, 2018 HH, OIL, TD: 21111 ft Lat: 35.79816, Long: -98.36140 API: 35011239380000 Marathon Oil Company Mississippi(10902): Oil 1347 Gas 2743 Water 2077 Flow 3 15N 11W Hr Potter 1511 6-3-34mxh, September 29, 2018 HH, OIL, TD: 21245 ft …

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