Author's posts
Governor Places SQ 800 on November 6 Ballot
Governor Mary Fallin recently signed an executive proclamation to place the Oklahoma Vision Fund on the November 6 general election ballot. State Question 800, if approved by a majority of voters, would amend the state constitution by allowing the state to annually deposit five percent of the gross production tax collections. No more than …
Permits to Drill — August 13, 2018
Blaine County SAWYER #1613 2H-27X, August 10 2018 03 15N 13W SENWNWNE API: 01124064 Lat: 35.81131151130476, Long: -98.56835134514907 NEWFIELD EXPLORATION MID-CON INC HH, DR, 22284 ft, MISSISSIPPIAN(11642), MISSISSIPPI(11678) Blaine County SAWYER #1613 4H-27X, August 10 2018 03 15N 13W NWNENWNW API: 01124066 Lat: 35.81162759948369, Long: -98.57596415468811 NEWFIELD EXPLORATION MID-CON INC HH, DR, 22514 ft, MISSISSIPPI(11678), MISSISSIPPIAN(11715) Blaine …
SemGroup Reports Net Loss of $2.7 Million for 2Q 2018
Tulsa-based SemGroup Corporation reported a net loss of $2.7 million for the second quarter of 2018, compared to net loss of $33 million in the first quarter of 2018 and net income of $9.6 million in the second quarter of 2017. The improvement in quarter over quarter earnings is primarily due to lower income tax and …
Unit Corporation Posts $5.8 in Net Income for Second Quarter of 2018
Tulsa-based Unit Corporation posted a net income of $5.8 million for the second quarter of 2018, according to a company press release issued on Wednesday. The results reported below include those attributable to Unit’s consolidated subsidiaries. Second quarter highlights include: Net income attributable to Unit of $5.8 million; adjusted net income attributable to Unit of …
OGE Posts Second Quarter Results for 2018
Oklahoma City-based OGE Energy Corp., the parent company of Oklahoma Gas and Electric Company and holder of 25.6 percent limited partner interest and 50 percent general partner interest in Enable Midstream Partners, LP, reported earnings of $0.55 per diluted share for the three months ended June 30, 2018, compared to $0.52 per diluted share for the second quarter of 2017. …
Panhandle Oil and Gas Posts $775 Thousand Loss for 2Q 2018
Oklahoma City-based Panhandle Oil and Gas reported a loss of more than $775 thousand for the second quarter of 2018. It translated to a loss of five cents a share, according to a company press release. Panhandle declared a loss of nearly $2.129 million on its derivative contracts for three months ending in June of …
Shareholders Approve Merger of Williams Companies, Inc. and Williams Partners L.P.
Following a special meeting of shareholders on Thursday, the Williams Companies, Inc. and Williams Partners L.P. announced that Williams shareholders approved the merger transaction between the two companies. More than 99 percent of the Williams voting shares approved the merger and related amendment. The Williams shares voted represented approximately 82 percent of Williams’ total outstanding …
Tesla Board Will Consider Elon Musk’s Proposal to Take Company Private
When Elon Musk speaks, people listen. The CEO, co-founder and product architect of Tesla, Inc. continues his unconventional approach to running his beloved electric vehicle empire. As news spread on Tuesday about Musk’s desire to take the company private at $420 per share in order to better serve the company’s long term interests, six members …
NREL Study: U.S. Electric Grid Should Be Better Connected
Is it time for a convergence of the three separate power grids creating the U.S. electric transmission network? According to a recent article published by David Wagman in IEEE Spectrum, the results of a seam study finds considerable economic and engineering value in fortifying the connections to better distribute power resources around the country. The …
Permits to Drill — August 10, 2018
Beaver County BONNIE #1-24, August 09 2018 24 6N 21E CS2NW API: 00724786 Lat: 36.973782015331814, Long: -100.7431470055781 FOUNDATION ENERGY MANAGEMENT LLC SH, RC, 6850 ft, CHASE(2750), COUNCIL GROVE(3050), HEEBNER(4330), LANSING(4550), OSWEGO(5630), CHEROKEE(5750), MORROW UP(6020), MORROW LOW(6260), CHESTER(6260) Blaine County RANDALL WHITE FEDERAL #1-19HM, August 09 2018 19 15N 13W NWNWNWNW API: 01124062 Lat: 35.768234733956696, Long: -98.63126684644904 CONTINENTAL …
