February 2019 archive

Increased revenue for 4Q and all of 2018 is reported by OKC’s Enable Midstream Partners

  Oklahoma City’s Enable Midstream Partners, LP announced financial and operating results for fourth quarter and full-year 2018 showing all-time high for natural gas and crude oil gathered and processed, resulting in increased quarter and yearly income. Net income attributable to limited partners was $174 million for fourth quarter 2018, an increase of $66 million …

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Holly Energy reports lower quarterly earnings but higher year-to-year revenue

Holly Energy Partners, L.P. revealed lower earnings this week, showing financial results for the fourth quarter of 2018 totaled $47.5 million in net income or 45-cents per basic and diluted limited partner unit. The income for the Dallas, Texas based company that operates refineries in Tulsa and other cities across the U.S. compared to $86.1 …

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Aeronautics Commission announces aviation art contest winners

The Oklahoma Aeronautics Commission announced the names of twelve students that placed in the Oklahoma 2019 International Aviation Art Contest. The state-level Aviation Art Contest, sponsored by the Aeronautics Commission, encourages youth, ages 6 to 17, to reflect on aviation by designing a piece of art based on the year’s chosen theme. This year’s contest …

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Permits to drill for February 18, 2019

There were no Permits to drill issued for Feb. 18, 2019 because of President’s Day.

Completion reports for February 18, 2019

There were no completion reports filed for Feb. 18, 2019 because it was President’s Day.

Continental Resources reports large 2018 net income and increased oil production

Oklahoma City’s Continental Resources reported its 2018 net income missed $1 billion by only $12 million, enough that it’s earnings were $2.64 per diluted share. The company said its adjusted net income for the year was $1.07 billion or $2.84 per diluted share. Fourth quarter net income came to $198 million or 53-cents per diluted …

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Snow, ice and freezing rain are in Tuesday’s forecast for Oklahoma

After being meanly teased last week with the 70 degree weather, Tuesday promises just the opposite in Oklahoma.  Snow, freezing rain and rain are in the forecast for a large section of the state. That means extra layers of clothing for those who work on oil and gas rigs in the state, not to mention …

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North Dakota reports record oil and gas production in December 2018

“What a great way to end the year.” North Dakota spokesman after record oil and gas production in 2018.   While Oklahoma might have nearly twice as many oil and gas rigs as North Dakota on any given week, North Dakota just strengthened its hold as the nation’s second-largest oil-producing state after Texas. North Dakota’s …

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Lawmakers reject higher royalty rate on oil in New Mexico

An attempt at raising the royalty rate for oil and natural gas production on state trust lands in New Mexico has been rejected by legislators. They voted against a bill to increase the royalty rate from 20 percent of production to 25 percent. The defeat came at the hands of a Democrat-led committee of House …

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Chicago investment firm’s SEC filing shows stock holdings in Chesapeake Energy

Chicago-based investment company Harris Associates L.P. filed documents with the Securities and Exchange Commission showing its holdings in Oklahoma City’s Chesapeake Energy. The firm’s holdings total 43,639,081 shares or 4.6% of Chesapeake Energy. Harris manages $141 billion in assets worldwide as of March 31, 2018.