July 30, 2019 archive

Permits to drill for July 30, 2019

Permits to drill issued for July 30, 2019.   Canadian County BARBOUR 1-10-7 #1H, January 30 2018 12 10N 7W NWNWNWNW API: 01725169 Lat: 35.36202383563496, Long: -97.90098319931126 ROAN RESOURCES LLC HH, AM, 15798 ft, MISSISSIPPI LIME(10550) Kingfisher County BIEHLER #1709 3H-29X, July 29 2019 20 17N 9W SENWSESW API: 07326612 Lat: 35.92952219081386, Long: -98.18594893235576 NEWFIELD EXPLORATION MID-CON …

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Completion reports for July 30, 2019

Completion reports for July 30, 2019. KINGFISHER COUNTY Devon Energy Production Co Lp Mississippian (less Chester)(9132): Oil 593 Gas 1469 Water 709 Flow 1 15N 9W Geis 1-15n-9w 6h, October 24, 2018 HH, OIL, TD: 14760 ft Lat: 35.79860, Long: -98.10377 API: 35073259470000 Devon Energy Production Co Lp Mississippian (less Chester)(9148): Oil 622 Gas 1137 Water 286 Flow 1 15N 9W Geis 1-15n-9w 5h, October 17, …

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Tulsa federal judge sends Pawnee earthquake lawsuit back to Pawnee

For a second time, a U.S. District Judge in Tulsa has ordered a lawsuit filed against energy companies blaming them for causing a 5.8 magnitude earthquake near Pawnee, Oklahoma, to be sent back to a Pawnee County District Court. Judge Gregory K. Frizzell issued the ruling this month in a lawsuit filed in 2016 by …

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Osaka Gas to buy Sabine Oil in $610 million deal

  Osaka Gas Co Ltd announced it intends to buy U.S. shale gas developer Sabine Oil and Gas Corp for $610 million as the Japanese company looks to expand its overseas business for future growth, according to a Reuters  report. The deal marks the first acquisition of a U.S. shale gas developer by a Japanese …

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Record revenues reported by Cummins

Cummins Inc. today reported record results for the second quarter of 2019 but company leaders also believe revenue for the rest of the year will be flat. Second quarter revenues of $6.2 billion for the engine builder with operations in Oklahoma City, increased 1 percent from the same quarter in 2018. Increased truck production in …

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LSB Industries reports turnaround in sales and income

Oklahoma City-based LSB Industries, Inc.  announced increased net sales and net income for the second quarter ended June 30, 2019. The company leadership reported an unprecedented operating performance for the quarter. Net sales increased 18% to $121.5 million for the second quarter of 2019, compared to net sales of $103.2 million for the second quarter …

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President chosen for BioKansas

BioKansas, the state’s life science trade organization, announced that its Board of Directors has appointed Sonia Hall, PhD as President & CEO effective immediately. “After a comprehensive nationwide search, we are fortunate to have someone of Dr. Sonia Hall’s ability and experience step up to lead BioKansas. She is a strong advocate of our mission …

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EPIC Midstream under new leadership

EPIC Midstream Holdings, LP, the San Antonio company with major crude pipelines across the Permian Basin and the Eagle Ford is under new leadership. Brian Freed has been appointed President of the Company. Mr. Freed will report to Phillip Mezey, Chief Executive Officer of EPIC. “We are pleased to announce that Brian has joined EPIC …

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National Oilwell Varco reports increased earnings despite oilfield downturn

National Oilwell Varco, Inc., the Houston, Texas company with operations throughout Oklahoma reported second quarter 2019 revenues of $2.13 billion, an increase of 10 percent compared to the first quarter of 2019 and an increase of one percent from the second quarter of 2018. Net loss for the second quarter of 2019 was $5.39 billion, …

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Little earnings growth reported by ConocoPhillips in 2Q

ConocoPhillips  reported second-quarter 2019 earnings of $1.6 billion, or $1.40 per share, compared with second-quarter 2018 earnings of $1.6 billion, or $1.39 per share. Excluding special items, second-quarter 2019 adjusted earnings were $1.1 billion, or $1.01 per share, compared with second-quarter 2018 adjusted earnings of $1.3 billion, or $1.09 per share. Special items for the …

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