** Dominion Energy cuts its quarterly dividend to 63 cents to be paid Dec. 20 to investors of record as of Dec. 4. It will be a 33% reduction from the 94 cent dividend paid in mid-September. ** Reuters reports the clean-up of a massive oil spill in August from a vessel off Mauritius will …
2020 archive
Weatherford International reports $60 million loss in 3Q
Already struggling with previous losses as well as layoffs throughout Oklahoma, Texas and other states, Weatherford International reported a $60 million operating loss in the third quarter of 2020. But it is a sign of improvement for the company. The $60 million loss compares to the $497 million operating loss in the second quarter …
Oklahoma ice storm prompts legislator to work on statewide radio network for 1st responders
State Rep. Avery Frix, R-Muskogee, recently announced his intent to file legislation to modernize the state’s structure for radio and telecommunications infrastructure in the coming 2021 legislative session. “Recent ice storms that left hundreds of thousands of Oklahomans without power are just the latest example of why we must have an updated and reliable statewide …
Oklahoma and 3 other top wind power states supported Trump, not Biden
Environmentalists and advocates of renewable energy usually have the support of Democrat voters in the U.S. but that wasn’t the case this week when it came to voting for President. Wind Power Monthly reported Oklahoma along with Texas, Iowa and Kansas—the top four U.S. states for wind power capacity case their majority votes for President …
Texas oil and gas economy continues to weaken
A new report by the Texas Alliance of Energy Producers said the state’s upstream oil and gas economy continued to contract through the first nine months of 2020. TAEP’s report indicated its Texas Petro Index for September showed exploration and production activity declined for the 19th consecutive month. Click here to read the TAEP …
Completion reports for November 4, 2020
Completion reports filed on November 4, 2020. CANADIAN COUNTY Red Bluff Resources Operating Llc Mississippian(7229): Oil 283 Gas 408 Water 2562 Pump 34 14N 5W Dannehl 1405 2-34mh, May 22, 2019 HH, OIL, TD: 12305 ft Lat: 35.65121, Long: -97.72279 API: 35017253420000 LOGAN COUNTY Stephens Production Co Mississippian(6429): Oil 138 Gas 47 Water 2043 Pump 6 17N 4W Emmerich 3-6h, January 11, 2019 HH, OIL, TD: …
Permits to drill for November 4, 2020
Permits to drill issued on November 4, 2020. Woodward County BLAKESLY #3, November 04 2020 09 22N 17W S2S2N2NW API: 15321948 Lat: 36.402806296731484, Long: -99.0275376870725 UNIT PETROLEUM COMPANY SH, RC, 7450 ft, MUSSELLEM(7450)
Oil futures go up on report of trimmed crude inventory in US
The Energy Information Administration’s report that crude oil inventories in the U.S. shed 8 million barrels last week apparently spurred higher crude oil futures on Wednesday. West Texas Intermediate crude for the December contract rose $1.3 or 3.8% to settle at $39.09 per barrel. Brent Crude, the benchmark on the ICE futures in Europe …
Energy stocks slide as nervous investors await Presidential counting
As votes were being counted in some states a day after the Presidential election, it was obvious that investors might have been nervous about the impact of the outcome. Energy stocks of Oklahoma energy companies, for the most part were down and some, like Alliance Resource Partners took a severe beating as its shares fell …
Democrats lose congressional rematches in Texas and New Mexico
Just as election results in Oklahoma’s congressional races showed their importance in the energy industry, the same is said for some in Texas and New Mexico, both among the leading oil and gas producing states in the U.S. Texas Democrat Rep. Lizzie Fletcher won her reelection race in what is described as one …