(From News 9 in OKC) U.S. Senator Jim Inhofe (R) of Oklahoma made a stop in Oklahoma City at Kratos Defense Monday, August 12, to push a bill, he said, will encourage workforce development. Senator Inhofe’s bill would help to pay for high tech and high paying jobs like those at Kratos. Inside the 100,000 …
August 2019 archive
Newfield reports series of multi-well pads in Kingfisher County
Newfield Exploration Mid-Con Inc. reported four series of multi-well pads in Kingfisher County including one pad with 5 wells producing combined production of more than 3,300 barrels of oil a day. The 5-well pad, located at 19 17N 8W or about 3 miles southeast of the town of Loyal had completions of 696, 338, 750, …
Completion reports for August 12, 2019
Completion reports filed on August 12, 2019. KINGFISHER COUNTY Newfield Exploration Mid-con Inc 31 16N 8W Kenneth Fed 1608 2h-30x, April 28, 2019 SH, PLUG, TD: 7273 ft Lat: 35.81299, Long: -98.09335 API: 35073264310000 Newfield Exploration Mid-con Inc Miss’an (less Chester) & Miss’an: Oil 1076 Gas 1199 Water 1065 Flow 28 17N 8W Jr Barton 1708 3h-28x, April 11, 2019 HH, OIL, …
Permits to drill for August 12, 2019
Permits to drill filed on August 12, 2019. Canadian County BOLDING 1305 #1-20MH, August 12 2019 20 13N 5W SWSWSESW API: 01725502 Lat: 35.58081226820667, Long: -97.75805775906576 RED BLUFF RESOURCES OPERATING LLC HH, DR, 12861 ft, MISSISSIPPIAN(7750), WOODFORD(8050) Canadian County HEUPEL #1H-22, August 12 2019 27 14N 8W NWNENWNE API: 01725501 Lat: 35.666754826400336, Long: -98.0364047221663 CITIZEN ENERGY III …
OGE Energy Corp reports drop in earnings and income
Earnings and income were down in the second quarter 2019 for OGE Energy Corp., the parent company of Oklahoma Gas and Electric Company. The company reported earnings of 50 cents per diluted share for the three months that ended June 30,2019 compared to 55 cents a share a year ago. OG&E, a regulated electric utility, …
Hot weather results in record electricity demand in Texas
With summer heat expected to top 100 degrees, electric grid operators are asking Texas residents to help ease power demand during peak times on Monday and Tuesday. The Houston Chronical reported that the Electric Reliability Council of Texas indicated that Lone Star State residents set another new record for weekend peak demand late Sunday afternoon. Statewide electricity …
ONEOK to sell more notes
Tulsa’s ONEOK Inc. has filed a prospectus to sell a series of notes. The company filed the preliminary prospectus on Monday with the Securities and Exchange Commission indicating it plans to sell notes due in 2024, 2029 and 2049. But the amount of notes due has yet to be determined by the company. The …
Increased revenue reported in 2Q by Nine Energy
Houston’s Nine Energy Service, Inc. reported second quarter 2019 revenues of $237.5 million, net income of $6.1 million and adjusted EBITDA of $38.0 million. Second quarter basic earnings per share was $0.21. Heavily involved in STACK and SCOOP drilling activity in Oklahoma, the company’s second quarter 2019 adjusted net income was $8.8 million, or $0.30 adjusted …
Halliburton wins West African off-shore drilling contracts
Halliburton’s won a big drilling contract for deepwater development off the coast of Senegal. The Houston company said Woodside Energy awarded nine conditional contracts for drilling and completion services for SNE Field Development Phase 1 off the coast of the West African country. “The drilling campaign, which is due to start in late 2020 or …
Tulsa judge rules against Transco in pipeline lawsuit
A Tulsa federal judge has ruled a Michigan welding company does have a right to a jury trial to settle a multi-million dollar lawsuit against the Williams Partners company Transcontinental Gas Pipe Line even though the work contract included a trial waiver. U.S. District Court Judge Claire V. Eagan made her ruling in a suit …