Oklahoma City-based Mammoth Energy Services, Inc. is reporting mixed earnings not only in the fourth quarter of 2018 but for all of 2018. Mixed in the sense its fourth quarter earnings were down but increased dramatically for the full year. The fourth quarter net income was $68 million or $1.51 per diluted share while full-year …
PSO has reached a settlement with the Oklahoma Corporation Commission on its original request for an $88 million rate hike. The agreement was reduced to $46 million in which the average residential customer will see an increase in a monthly bill of $2.38. The original request would have amounted to a $7 a month increase. …
Climate change legislation isn’t something being considered this year in the Oklahoma House and Senate but it is in New Mexico where the House approved complex measures pushing the state to a carbon-free energy generation in the next 25 years. The bill was sent this week to Gov. Michelle Lujan Grishman. Senate Bill 489 would …
With construction already underway on its nearly 200-mile Midship pipeline in Oklahoma, Houston-based Cheniere is also focusing on its LNG operations in Louisiana. The company was notified this week by the Federal Energy Regulatory Commission that it had approval for a fifth LNG train to enter commercial service at the Sabine Pass export terminal. …
Halliburton Company has signed an agreement to help develop middle management and young professional workers in Egypt. The company signed a Memorandum of Understanding this week with the Egyptian Ministry of Petroleum and Mineral Resources. It means the company will be aligned with the ministry’s Oil and Gas Modernization Program, a collaborative agreement where Halliburton …
Oklahoma City-based Roan Resources, Inc. announced it is getting more borrowing ability from its revolving credit facility. The borrowing base for the independent drilling company was upsized by $75 million to $750 million. As of the end of the fourth quarter 2018, Roan had $6.9 million of cash on the balance sheet and …
Tulsa’s Midstates Petroleum Company has decided to continue its moratorium on new drilling through mid-2019, a move it initiated in the third quarter of 2018 because of low oil prices. The company explained in its fourth quarter and full-year 2018 financial report that “with the erosion of commodity prices in the fourth quarter of …
Oklahoma school students plan to take part in what is labeled a Nation Youth Climate Strike on Friday. They plan to take part in the event at the State Capitol to demand legislation to end climate change and push for the Green New Deal, the plan offered by Democrats in Washington. According to an announcement …
Completion reports filed on March 13, 2019. CANADIAN COUNTY Cimarex Energy Co Mississippi Lime / Mississippian: Oil 112 Gas 1473 Water 3131 Flow 36 14N 9W Flowers 1h-3625x, August 18, 2018 HH, OIL, TD: 21014 ft Lat: 35.63913, Long: -98.10326 API: 35017251920000 Cimarex Energy Co Woodford(11335): Oil 14 Gas 304 Water 2908 Flow 36 14N 9W Thomas 2h-3625x, August 22, 2018 HH, GAS, TD: 21349 ft …
Permits to drill issued for March 13, 2019. Blaine County ZAZU SWD #1, March 13 2019 30 15N 12W SWSWSWNW API: 01124192 Lat: 35.747126737452426, Long: -98.52501203802662 LAGOON WATER LOGISTICS LLC SH, DR, 10800 ft, WOLFCAMPIAN(4300), VIRGILIAN(5300), MISSOURIAN(7200), MORROW(10200) Blaine County SEAN O’BRIEN 18-11-36 #1MH, March 13 2019 36 18N 11W SESWSESE API: 01124193 Lat: 35.986114021436016, Long: -98.31902525447775 …
