Days after accepting Occidental Petroleum’s $57 billion acquisition offer, the board of directors at Anadarko Petroleum Corporation announced a 30-cent-a-share dividend. The board said the dividend will be payable June 26, 2019 to those stockholders of record at the close of business on June 12, 2019. The dividends are determined on a quarterly basis. …
Poteau Rep. Lundy Kiger is accusing an energy company of “bullying” in opposing OGE’s recent $53 million dollar purchase of two power plants, a purchase approved this week by the Oklahoma Corporation Commission. At the same time, he has been accused of a conflict of interest. The Republican legislator responded after the Oklahoma Energy Results …
Continental Resources has brought in another big producer in Blaine County, one with more than 1,700 barrels of oil a day in production. The Tolbert Federal 5-32-29XHM sits right in the STACK play and in the same zone near Greenfield where Continental Resources has seen huge success. Located at 5 14N 11W, the well site …
Permits to drill issued on May 15, 2019. Caddo County HEDGECOCK #3-12, May 15 2019 12 12N 12W SESENWSE API: 01522292 Lat: 35.52577704657345, Long: -98.41683421930126 UNIT PETROLEUM COMPANY SH, RC, 12830 ft, SKINNER(10840) Caddo County HEDGECOCK #1-12, May 15 2019 12 12N 12W CNE API: 01520957 Lat: 35.532993642258155, Long: -98.41645008513328 UNIT PETROLEUM COMPANY SH, RC, 11800 ft, …
Completion reports for May 15, 2019. BLAINE COUNTY Continental Resources Inc Mississippian(10823): Oil 1722 Gas 22651 Water 2617 Flow 5 14N 11W Tolbert Federal 5-32-29xhm, March 27, 2019 HH, OIL, TD: 22445 ft Lat: 35.72429, Long: -98.38982 API: 35011240710000 DEWEY COUNTY Newfield Exploration Mid-con Inc Mississippian (less Chester): Oil 424 Gas 2146 Water 578 Flow 4 19N 15W Jack 1915 1h-4, July 26, 2018 HH, OIL, …
A fight over new railroad shipping rules is leading to a lawsuit to be filed by North Dakota against Washington state. North Dakota’s battling Washington state’s new law that requires oil shipped by rail to have more of its volatile gases removed. While supporters contend it will reduce the risk of explosions and deadly derailments, …
A trucking company with operations in the heart of the Permian Basin in West Texas is shutting down and no one is explaining why. Product and Logistics Services LL, a subsidiary of Schlumberger filed notice with the Texas Workforce Commission that it was closing operations in Monahans, Texas. The shutdown means the loss of 124 …
Oklahoma’s Gov. Kevin Stitt who’s comfortable piloting his own plane got a chance this week to sit behind the controls of a Boeing 747 jetliner. He didn’t really fly the 747 but rather sat at the control of a flight simulator at Boeing’s Development Center in Oklahoma City. The governor toured Boeing’s Advanced Visualizations and …
Leaders of the Oklahoma Energy Resources Board observed the board’s 25th anniversary of cleaning up abandoned oil and gas sites by taking guests to a cleanup site in Oklahoma. Those on hand got to see first-hand how the OERB eliminates abandoned sites that might contain concrete and machinery. They were taken to a site in …
After filing Chapter 11 bankruptcy in Delaware, Cloud Peak Energy in Wyoming has received court approval to proceed with reorganization. The company filed bankruptcy last week. Colin Marshall, President and Chief Executive Officer of the Powder River Basin operation said it will allow the company to continue operating as normal as assets are being sold. …
