Oklahoma City’s Blueknight Energy Partners, L.P. plans to release its first quarter financial results this month. The report will be released after the close of markets on Wednesday, May 8, 2019. Company management will hold a conference call on Thursday, May 9 at 10 a.m. CDT to discuss the results. Investors await word whether the …
May 2019 archive
Mammoth Energy awaits payments after Hurricane Maria work in Puerto Rico
Nearly two years after Oklahoma City’s Mammoth Energy responded to the tragedy caused when Hurricane Maria hit Puerto Rico, the company is still there. And its efforts to restore electrical power to the nation have been rewarded in part by lawsuits against the company, even as Puerto Rico still owes hundreds of millions of dollars …
Williams optimistic about a turnaround in natural gas prices
Williams in Tulsa is planning no change in the guidance ranges for the rest of 2019 after reporting strong increases in net income for the first three months of 2019. The company also believes there will be a turnaround in prices as demand for natural gas grows. CEO Alan Armstrong told investors and analysts after …
Permits to drill for May 2, 2019
Permits to drill issued for May 2, 2019. Custer County LANCET #2H-17-20, May 02 2019 17 14N 15W SWNWNWSW API: 03922577 Lat: 35.68796506703563, Long: -98.82620073392214 CITIZEN ENERGY III LLC HH, DR, 21876 ft, MISSISSIPPIAN(14000), WOODFORD(14800) Garvin County TITAN #3-17-8MXH, March 13 2019 17 4N 4W SWNESESW API: 04925274 Lat: 34.81404951279072, Long: -97.64408111374735 CASILLAS OPERATING LLC HH, AM, …
Completion reports for May 2, 2019
Completion reports for May 2, 2019. CUSTER COUNTY Newfield Exploration Mid-con Inc Mississippian (less Chester): Oil 46 Gas 7736 Water 523 Flow 36 15N 14W Lola Comer 1514 1h-25x, August 31, 2018 HH, GAS, TD: 20679 ft Lat: 35.73188, Long: -98.64752 API: 35039225390000 DEWEY COUNTY Newfield Exploration Mid-con Inc Mississippian(9622): Oil 363 Gas 971 Water 1901 Flow 6 19N 15W Irving Fed 1915 1h-7, July 27, …
Texas lawmaker wants pipeline protesters to face same punishment as attempted killers
A Texas lawmaker wants the state to treat pipeline protesters the same as it does attempted killers. State Rep. Chris Paddie, a Republican from Marshall introduced House Bill 3557 which targets those who “engage in civil disobedience to stop or delay construction on pipelines.” His bill would make such crimes a felony with a sentence …
Higher net income reported by Williams in Tulsa
Tulsa’s Williams companies announced its unaudited net income for the first three months of 2019 totaled $194 million, an increase of 28 percent or $42 million. Net income per share was 16 cents, a drop of two cents while the adjusted income per share rose 16 percent reaching 22 cents. The company had cash flow …
Thousands of students take part in annual ScienceFest
Nearly 4,000 fourth and fifth grade students from across the state took part in ScienceFest 2019, held Thursday at the Oklahoma State Fair Park in Oklahoma City. The event is held annual to offer students a hands-on learning experience in the areas of engineering, math and other environmental conservation and stewardship exhibits and workshops. “ScienceFest …
Lone mineral interest holder is behind appeal of a nearly $67 million royalty fight settlement
There’s new information about the multi-million dollar lawsuit settlement regarding Continental Resources Inc. we reported earlier this week. The fight over alleged underpaid royalty payments on leases in northern Oklahoma actually totaled $66.9 million and not the approximately $59 million as initially estimated by Continental Resources. The settlement involved 34,000 class members who were mineral …
Drop in earnings and net income for OGE Energy Corp
OGE Energy Corp. announced its first quarter 2019 earnings on Thursday, showing its net income of $47 million was down from the $55 million reported a year ago. Net income for OGE was also down, coming in at $20 million compared to the nearly $31 million reported in the first quarter of 2018. The company …