Author's posts
Late 2015 Wells Just Reported in Oklahoma
Six months after some high-producing oil wells were drilled in the state, production companies are just filing their completion reports. The largest to be reported this week was a Blaine County well producing 1,817 barrels a day along with 4,381 Mcf of natural gas by Continental Resources. The Compton well is located southeast of Watonga …
Hamm’s Still Predicting $60 Oil in 2016….Cites Increased Worldwide Demand
Oklahoma oilman Harold Hamm, founder of Continental Resources predicts the oil and gas market will “rebalance in the second half of 2016 and oil prices will be at $60.” It’s what he wrote in a commentary in the Journal Record, saying the oil market has passed an inflection point and prices are up 50 …
Oklahoma’s in Bottom Tier of States for Working Moms
When it comes to the best states for working moms, whether it’s in the oil patch, coal mines or electrical crews, Oklahoma is in the bottom tier of the states according to a survey by WalletHub. The organization said Vermont’s number one while Oklahoma is ranked 36th based on 13 metrics including day-care, professional …
Solar Powered Plane Set to Fly to Midwestern U.S.
The solar-powered airline that landed on the west coast of the United States just a week ago flew to Phoenix, Arizona on Monday, safely completing the 10th leg of its round-the-world quest. Solar Impulse 2’s crew will now prepare for a flight to somewhere in the Midwest. The plane, with wings stretching wider than those of …
Coal Demand Tumbles in Oklahoma and Rest of the Nation
Ever since the election of President Obama, the nation’s use of coal to generate electricity has tumbled 29 percent from its peak of 1,045 million short tons. The latest figures show coal use has dropped in every state including Oklahoma where the amount of coal used in the coal-fired electric generating plants is 24 percent …
OGE Heads to Corporation Commission with $92 million Rate Hike Request
An administrative law judge will begin Tuesday what could be a several-week long hearing into a more than $92 million rate hike request by OG&E. The request was filed weeks before the utility won approval in a controversial Corporation Commission decision on making $500 million in environmental improvements to the firm’s coal-fired Sooner Power Plant …
OKC’s Blueknight Energy Partners to Announce First Quarter Results on Wednesday
Oklahoma City-based Blueknight Energy Partners, L.P. will announce its first quarter 2016 financial results after the market closes on Wednesday. The company plans to discuss the results during a conference call on Thursday, May 5 at 1:30 p.m. CDT. The company has assets of 7.4 million barrels of crude oil storage in Oklahoma and …
Tulsa’s WPX Energy Produced $93 million in Senior Notes Tender
Tulsa-based WPX Energy wrapped up its cash tender offer on Friday for purchases of its outstanding 5.250 percent Senior Notes due 2017. The offer ended Friday at 5 p.m. and indicated $93 million or nearly 31 percent of the outstanding Notes had been tendered and accepted. The total purchase price offered for each $1,000 principal amount …
May Will Bring an End to Any Remaining Drought Areas of Oklahoma
May is expected to bring an end to any remaining areas of Oklahoma still under a drought, according to the latest Oklahoma Mesonet Report. “The precipitation outlook is bullish on above-normal precipitation across all of Oklahoma, but especially the southwestern two-thirds,” said Gary McManus, State Climatologist in the Monday edition of his daily reports. “The …
Chapter 11 Bankruptcy Filed by Tulsa’s Midstates Petroleum
Tulsa-based Midstates Petroleum Co. is one of the latest companies to file Chapter 11 bankruptcy as the energy downturn adds another victim. Midstates, an Oklahoma company with 120 full-time workers filed Friday in Houston bankruptcy court listing liabilities ranging from $1 billion to $10 billion and more than 25,000 creditors. The paperwork said …