Completion reports filed for April 10, 2019. CREEK COUNTY Wachob Oil & Gas Llc Glenn: Oil 15 Water 290 Pump 33 18N 12E Jones 3, February 05, 2019 SH, OIL, TD: 1589 ft Lat: 35.98900, Long: -96.03329 API: 35037294100000 DEWEY COUNTY Comanche Exploration Co Llc Mississippian(9005): Oil 224 Gas 4870 Water 1836 Flow 2 18N 14W Gundlach 2-11-1h, May 11, 2018 HH, GAS, TD: 15065 …
April 2019 archive
Mineral Rights bill slips through Senate committee
The bill to give mineral rights owner the ability to sue municipalities for restricting oil and gas use survived a vote this week in the Oklahoma Senate Judiciary Committee. By a vote of 7 to 5, House Bill 1250 co-authored by Sen. Mark Allen, R-Spiro and Rep. John Pfeiffer, R-Orlando won approval after the enacting …
Higher oil and gas tax collections reported in Oklahoma
Gross production tax collections on oil and gas were up again in March as Oklahoma’s general revenue fund collections increased as well. The Office of Enterprise Management Services released figures this week showing gross production collections were $74.1 million for March or $26.7 million above the estimate. The collections were also 136.4 percent or $42.8 …
NORDAM flies out of bankruptcy
Aerospace manufacturer NORDAM announced it has emerged from bankruptcy after nearly crash-landing and filing Chapter 11 reorganization nearly 9 months ago. The Tulsa-based company stated that all creditors will get full payment. The emergence came after NORDAM.’s reorganization plan was approved by the U.S. Bankruptcy Court for the District of Delaware. NORDAM’s approval also came …
Electric car maker Fisker looking at 11 states for new manufacturing site
Electric-car maker Fisker is looking for a place to build a new manufacturing plant and eleven states are under review. Oklahoma is not one of the states. But the list includes California, Georgia, Indiana, Kentucky, Michigan, Missouri, North Carolina, Ohio, Tennessee, Texas and Virginia. Fisker is based in Los Angeles and is in the process …
Investment group reports sale of 7 million shares in NGL Energy Partners
A New York based investment group reported the recent disposal of more than 7 million shares in Tulsa’s NGL Energy Partners LP. HIghstar NGL Prism/IV-A Interco LLC made a filing with the Securities and Exchange Commission showing its sale of 7,468,874 shares in NGL at a price of $9.918 per share. Oaktree Capital Group Holdings …
Net Neutrality bill declared ‘dead on arrival’ in US Senate
You can forget any efforts in the U.S. Senate this year to restore the 2015 net neutrality rules adopted when President Obama led the country. This week, U.S. Senate Republican leader Mitch McConnell said the Democratic effort was “dead on arrival in the Senate.” His comments came as the House debated the plan to reinstate …
NGL Energy Partners boosts company’s liquidity with financial moves
Management at Tulsa’s NGL Energy Partners LP say recent financial transactions have addressed the company’s debt and at the same time increased liquidity. Trey Karlovich, the Partnership’s Chief Financial Officer issued a statement this week. “We have made tremendous progress on improving our leverage, and we will continue to focus on our balance sheet …
WPX to release 1Q earnings report in May
Tulsa’s WPX Energy will release its first-quarter 2019 financial and operations results on May 2 of this year. Management will hold a webcast at 9 a.m. CDT on that Thursday. Chief Executive Officer Rick Muncrief, Chief Operating Officer Clay Gaspar and Chief Financial Officer Kevin Vann will discuss the the company’s performance. Investors are encouraged …
ONEOK sets date to release earnings report
The first-quarter 2019 earnings by ONEOK, Inc. will be released after the market closes on April 30, 2019. The company’s executive management will also take part in a conference call the next day on May 1 at 10 a.m. Central Daylight Time. It will be carried live on ONEOK’s website, www.oneok.com. ONEOK’s 4th quarter …