Chesapeake Energy Corporation reported 2022 second quarter financial and operating results and announced the company is taking actions to solidify its strategic focus on its core Marcellus and Haynesville positions. The company reported net cash provided by operating activities of $909 million and delivered adjusted EBITDAS of $1,269 million and $494 …
August 2, 2022 archive
Growth reported by Gulfport Energy in 2Q
Gulfport Energy Corporation reported $129.5million in net cash provided by its operating activities and $80.3 million of free cash flow in the second quarter of the year. Total net income was $256.6 million and $204.5 million of adjusted EBITDA. As a result, the Oklahoma City company increased its borrowing base to $1 billion from …
Completion reports for August 2, 2022
GARFIELD COUNTY Coastal Plains Energy Inc Oswego(6200): Gas 15 Pump 6 21N 7W Da Enns 2-6, November 15, 2021 SH, GAS, TD: 7445 ft Lat: 36.32014, Long: -97.99055 API: 35047209810001 KAY COUNTY Barber Oil Llc Mississippi Lime: Oil 0.25 Gas 10 Water 8 Flow Mississippi Chat(3736): Oil 0.5 Gas 10 Water 5 Flow Skinner(3590): Oil 4 Gas 145 Water 90 Pump Cleveland(3156): Oil 13 Gas 210 Water 188 Pump Commingled: Oil 0.83 Water 412 Pump 7 27N 2E Patten …
Permits to drill for August 2, 2022
Blaine County TURTLE WITH WIND #2-27H, August 01 2022 34 14N 13W NENENWNW API: 01124331 Lat: 35.652058039244466, Long: -98.5746752990323 DUNCAN OIL PROPERTIES INC HH, AM, 15650 ft, CHEROKEE(10672) Kingfisher County LINCOLN NORTH UNIT #91-4HO, August 02 2022 04 17N 5W NWSWSESW API: 07326896 Lat: 35.971531425529996, Long: -97.74223184752883 HINKLE OIL & GAS INC HH, DR, 11635 ft, OSWEGO(6147) …
Mammoth Energy sees strong 2Q with more growth expected
As Mammoth Energy Services reported a strong second quarter, the company went from a loss to a gain in its net income. Total revenue was $89.7 million for the second quarter of 2022, as compared to $47.4 million for the same quarter last year and $62.3 million for the first quarter of 2022. …
Record revenues for Tulsa’s Alliance Resource Partners
Coal company Alliance Resource Partners, L.P. based in Tulsa reported a 70% increase in second quarter total revenues, reaching a record $616.5 million. The company said the amount compared to $362.4 million in the second quarter of 2021 as a result of higher coal sales prices and volumes, which rose 43.3% and 13.9%, respectively, and …
Manchin defends his support for Dems’ spending bill
In case you missed it, West Virginia Sen. Joe Manchin faced some tough questions about his support for the Democrats spending bill that includes billions to fight climate change. It happened on Fox News Sunday. Click here for Fox News Sunday
Runoff election in Oklahoma Corporation Commission race a few weeks away
Oklahoma voters will decide in a few weeks who the Republican candidate for Corporation Commission will be. They will have a choice between two former legislators—former State Senator Kim David and former State Representative Todd Thomsen. Read more with McCarville Report
Arkansas regulators say no to settlement with Entergy
Arkansas regulators rejected a proposed $142 million settlement with Entergy concerning cost overruns at a Mississippi nuclear plant. The Arkansas Public Service Commission said the offer did not include a cash refund for Arkansas customers reported the Arkansas Democrat-Gazette. Click here for Democrat-Gazette
Additional headlines
** BP became the latest energy company to announce huge profits on Tuesday (August 2). The company said it made a second quarter profit of just under $8.5 billion – its highest in 14 years. ** A deal has been secured for Congress to pass and President Joe Biden sign a permitting package to speed up the completion …
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