Oklahomans who suffered earthquake damage near Pawnee may be eligible to participate in an $850,000 class action settlement. According to a recent notification, a settlement was reached in a lawsuit involving the operation of wastewater disposal wells by Eagle Road Oil, LLC between November 15, 2014 and the Effective Date. A series of powerful earthquakes …
August 3, 2022 archive
Completion reports for August 3, 2022
CANADIAN COUNTY Canvas Energy Llc Mississippian(10095): Oil 595 Gas 6587 Water 1442 Flow Woodford(15469): Oil 25 Gas 274 Water 60 Flow 28 12N 7W Blackburn 1207 4smhx-28-33, October 11, 2021 HH, OIL, TD: 17828 ft Lat: 35.48590, Long: -97.93965 API: 35017256790000 CUSTER COUNTY Continental Resources Inc Mississippian(13612): Gas 18889 Water 2191 Flow 14 14N 14W Schrock 2-14-23-26xhm, May 18, 2022 HH, GAS, TD: 28863 ft Lat: 35.69469, Long: -98.65696 …
Permits to drill for August 3, 2022
Coal County D5R-I ##3H, August 03 2022 23 3N 10E SWSWSWSE API: 02921429 Lat: 34.70920899296718, Long: -96.22213569396634 CANYON CREEK ENERGY ARKOMA LLC MU, DR, 18000 ft, WOODFORD(6900) Creek County ACE #1, August 03 2022 06 17N 7E NENENENW API: 03729494 Lat: 35.98807301209786, Long: -96.61147541381882 LITTLE RIVER ENERGY COMPANY SH, DR, 3200 ft, CLEVELAND (JONES)(1825), OSWEGO(2300), PRUE(2375), SKINNER(2550), …
SandRidge Energy reports improved earnings in 2Q
SandRidge Energy, Inc. saw improved earnings in the second quarter, reporting $53.7 million in generated adjusted EBITDA compared to $39.4 million in the first quarter of the year. Second quarter net income totaled $48.5 million or $1.32 per basic share while adjusted net income was $48.9 million and $1.33 per basic share. Even though …
ONG and Oklahoma Municipal League respond to ratepayer bond tax issue
Oklahoma Natural Gas came out this week indicating it might have a disagreement with Oklahoma regulators over taxes and those winter storm ratepayer-backed bonds, but it doesn’t oppose an effort to collect them. At the same time, the Oklahoma Municipal League wants things to slow down regarding the issue. In a filing this …
Blueknight Energy Partners reports lower earnings as it prepares for merger
Blueknight Energy Partners, L.P. reported its financial results for the second quarter ended June 30, 2022 were down from the previous year. Income from continuing operations for the Tulsa-based company was $6.3 million in the second quarter of 2022, compared to $7.1 million for the same period in 2021. The year-over-year decrease was primarily due to non-recurring legal and professional …
Ovintiv’s 2Q results show doubled shareholder returns and highest quarterly cash flow in more than a decade
Denver’s Ovintiv Inc., the energy company with strong activity in Oklahoma’s STACK play, reported second quarter net earnings of $1.36 billion and the highest quarterly cash flow in more than a decade. Its cash flow was $1.22 billion while free cash flow totaled $713 million. Net earnings totaled $1.36 billion after-tax or $5.21 …
Crude prices slumped nearly 4% to six month lows
All it took was a government report to show crude and gasoline stockpiles unexpectedly surged last week and crude oil prices fell to nearly six-month lows. Prices dropped nearly 4% also as OPEC+ stated it would increase its oil output target by 100,000 barrels a day. West Texas Intermediate crude for September delivery …
Strong 2Q allows Laredo Petroleum to continue repurchase of shares and debt
A big second quarter for Laredo Petroleum was reported this week including net income of $262.5 million, cash flows from operating activities of $368.1 million, and free cash flow of $110.5 million. The company reported net income attributable to common stockholders of $262.5 million, or $15.41 per diluted share. Adjusted Net Income1 for the second quarter of 2022 was $127.8 …
Williams invests in technology to generate zero-emission hydrogen with natural gas
Williams announced a direct investment in Aurora Hydrogen, a company developing technology that converts natural gas to hydrogen with zero carbon dioxide (CO2) emissions. Aurora Hydrogen’s technology uses microwave energy to convert methane to hydrogen and solid carbon without generating CO2. Williams’ investment will support scaling production to 200 kg of hydrogen per day, …
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