Author's posts
Report contends Anadarko Basin contains untapped areas of production
A new market analysis claims the Greater Anadarko Basin still holds fast quantities of un-risked oil and natural gas and much of the basin is still untapped. The analysis by IHS Markit, a firm known for its critical information, analytics and solutions says the Basin holds an estimated 16 million barrels of oil and more …
WPX Energy sets date for release of financial results
Tulsa’s WPX Energy will release its fourth-quarter and full-year 2018 financial and operations next month. The results will be discussed by WPX executives during a webcast on Thursday, Feb. 21, 2019 beginning at 9 a.m. Central Time. Chief Executive Officer Rick Muncrief, Chief Operating Officer Clay Gaspar and Chief Financial Officer Kevin Vann will …
Durant picked for North American headquarters of tubing plant
Durant has been chosen to be the national headquarters for a firm that manufactures high precision stainless steel tubing and nickel alloy tubes. Salem Tube, a subsidiary of the HWH Group is locating its North American headquarters and advanced manufacturing plant in southern Oklahoma. The $40 million investment includes a 150,000 square foot plant with …
SEC filing made by ONEOK
In a new filing with the Securities and Exchange Commission, Tulsa-based ONEOK Inc. made notice that the company’s profit sharing plan is no longer in effect as a result of its merger with the company’s 401(k) plan. It was a routine filing which was a deregistration of securities EXPLANATORY NOTE: DEREGISTRATION OF SECURITIES …
Permits to drill for January 9, 2019
Permits to drill for January 9, 2019. Blaine County BUFFALO HEIFER 18-10-32 #1MH, January 09 2019 05 17N 10W NENENENE API: 01124161 Lat: 35.984868762047746, Long: -98.28216121251494 CHISHOLM OIL & GAS OPERATING LLC HH, DR, 14217 ft, MISSISSIPPI LIME(8040), WOODFORD(9350) Garvin County NEWBY 0304 #1-18SH, January 09 2019 18 3N 4W SWSESESW API: 04925252 Lat: 34.72563176206106, Long: -97.66131864992954 …
Gross production revenue boosted 2018 levels in Oklahoma but fell in December
Oklahoma Treasurer Randy McDaniel revealed Wednesday that gross receipts to the Treasury grew at a double-digit pace for 2018 and increased by more than $1.5 billion compared to the previous year. At the same time, oil and gas gross production revenue for the year totaled $988.4 million, an increase of $451.2 or 84% compared to …
Dark money part of Pruitt’s legacy at EPA
POLITICO, the D-C based political news website reports that the dark-money group supporting the confirmation of former EPA administrator Scott Pruitt was able to raise nearly a half-million dollars from one oil company and other donors who did not have to identify themselves. POLITICO reported it as the “scandal-plagued former EPA administrator” and …
Anti-drilling bills represent intent of Democrats in Congress
They have no chance of passing in the U.S. Senate, but seven separate bills aimed at blocking oil and natural gas drilling in nearly all federal waters were introduced this week by Democrats who now control the House of Representatives. Republicans control the Senate so their chances of getting approval are likely to be nil …
New Mexico reverses San Juan Basin oil stance in controversial move
New Mexico’s new Democratic Gov. Michelle Lujan Grisham has shaken up the state’s oil and gas industry, not only with new appointees but challenged a move by the previous administration to relax oil and gas drilling restrictions in the San Juan Basin. Her new regulators moved this week to suspend a previous order that allowed …
One oilman offers $32 million for west Texas ranch owned by bankrupt oilman
El Paso oilman Paul Foster has offered more than $32 million for one of the largest ranches for sale in West Texas. He’s trying to become the new owner of the 37,000-acre KC7 Ranch located inn the foothills of the Davis Mountains near Interstate 10 in Reeves and Jeff Davis counties. Foster is CEO …