More than a year after Marathon Oil Co. drilled a Grady county well, it filed a completion report showing initial oil production of 1,630 Boed along with 5,911 Mcf of gas The Lightner 0505-1-18-19wxh is located about one mile southeast of the town of Alex (19 5N 5W) and had a spud date of October …
Tulsa’s Laredo Petroleum reported fourth quarter 2018 net income of $149.6 million or 65 cents a share. It also stated its net income for all of 2018 totaled $325 million which translated to $1.39 per diluted share. Laredo’s production averaged 68,168 barrels of oil equivalent a day during 2018 which was a 17% increase over …
After 117 years of being Oklahoma owned, the Perry-based Charles Machine Works, makers of Ditch Witch equipment has been sold in a $700 million deal to the Toro Company. Toro is based in Bloomington, Minnesota and explained it is a cash deal for the Ditch Witch company that was founded in 1902. The deal is …
Oil and gas rig counts fell in the past week in several energy-producing states including Oklahoma where the count dropped one to reach 119. The national rig count grew by 2 to reach 1,051. It included 3 more oil rigs to reach a total of 857 while the gas rig count dropped by on e …
