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Index warns of oilfield slowdown in 2019 in Oklahoma
Sharply falling crude oil prices have resulted in the first decrease in the Oklahoma Energy Index in eight months and foretells an inevitable slowdown in oilfield activity in the months ahead. Dr. Russell Evans, executive director of the Steven C. Agee Economic Research and Policy Institute, said Oklahoma oil and natural gas companies have been …
Williams Cos. names new east-coast operations leader
The Williams Companies, Inc. announced the naming of a senior vice president of the Tulsa company’s Atlantic-Gulf Operating Area. Scott Hallam succeeds Frank Ferazzi who earlier announced his retirement. Hallam has most recently served as vice president and general manager, Eastern Interstates (including oversight of Williams’ Transco pipeline system) in the Atlantic-Gulf Operating Area. Previously, …
Leadership changes announced at Enable Midstream Partners
Oklahoma City’s Enable Midstream Partners, L.P. has followed through with leadership changes, formally making Craig Harris as the company’s chief operating officer. The move was earlier announced on Jan. 1 during a second quarter earnings call in which the firm said there were several organizational changes with new leadership roles, all designed to strengthen the …
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 …