Tulsa-based Blueknight Energy Partners, L.P. announced it has received a $147 million buyout offer from Ergon, Inc. based in Jackson, Mississippi. Ergon, Inc. is a crude oil processor, transporter and marketer of refined products including asphalt. It also manufactures road maintenance products and equipment and predominant owners are members of the Lampton family including William …
Oklahoma City’s Enable Midstream Partners LP reported a decline of overall revenues for the second quarter 2019 but an increase in net income. The company had total revenues of $735 million, a decline of $70 million compared to the $805 million reported in the second quarter of 2018. Net income attributable to limited partners was …
Tulsa-based Unit Corporation reported a second quarter net loss of $8.5 million or 16 cents a share compared to $5.8 million in net income and 11 cents a share for the second quarter of 2018. The company blamed the loss on the declining prices of natural gas liquids. The company’s adjusted net loss for the …
Despite record oil production in the second quarter of 2019, Oklahoma City-based Chesapeake Energy reported a quarterly loss of a dime a share. The company had earnings of 15 cents a share one year ago. Chesapeake reported revenues of $1.45 billion for the quarter that ended in June while one year ago, its revenues …
Devon Energy reports three wells on a single pad in Oklahoma’s STACK produced nearly 3,800 barrels of oil a day upon completion. The Baker 9_6-15n-11w wells were drilled at 9 15N 11W or about 3 miles southeast of the city of Watonga in Blaine County. The largest well had production of 1,374 barrels of oil …
Permits to drill filed on August 5, 2019. Cleveland County CONRADO #1-25, August 05 2019 25 10N 4W SENWNESE API: 02721500 Lat: 35.310657944747106, Long: -97.56806642151706 GULF EXPLORATION LLC SH, DR, 10000 ft, PENN BASAL(7750), HUNTON(7900), VIOLA(8350), WILCOX(8700), TULIP CREEK(9100), MCLISH(9200), OIL CREEK(9500), ARBUCKLE(9600) Garvin County LEWIS #22-4N-3W, August 05 2019 22 4N 3W SESESWNW API: 04925305 Lat: …
Completion reports filed on August 5, 2019. ALFALFA COUNTY Bce-mach Llc Mississippi Lime(5958): Oil 239 Gas 1540 Water 1666 Gaslift 20 25N 12W Sharp 20-25-12 2h, September 19, 2018 HH, OIL, TD: 10885 ft Lat: 36.63722, Long: -98.51730 API: 35003233290000 Bce-mach Llc Mississippian(5048): Oil 304 Gas 1969 Water 1435 Pump 8 28N 11W Alva 5-28-11 1h, October 23, 2018 HH, OIL, TD: 10274 ft Lat: 36.92754, …
Oklahoma City-based Continental Resources’ second quarter earnings came in short of estimates as the company reported net income of $236.6 million or 63 cents a diluted share. Quarterly adjusted profit was down 19.7% because of weaker crude and natural gas prices that offset an increase in the company’s overall production. U.S. light crude prices averaged …
Like the national gasoline trend, prices at the pump in Oklahoma dropped a penny to two cents a gallon in the past week. The national average price, according to AAA Oklahoma is $2.71 while the average in Oklahoma is down to $2.42 per gallon. Tulsa county has the lowest average at $2.32 a gallon …
An Oklahoma City U.S. District Court judge has dismissed part of a class-action lawsuit filed by employees of the Oklahoma City firm of SB Directional Services LLC. Judge Robin J. Cauthron ruled in a lawsuit brought by Clayton Foutch against the company that has experience in management, oil and gas and directional drilling. Foutch’s lawsuit, …
