Oklahoma City-based SandRidge Energy Corporation reported a net loss of $8 million, or $0.25 per share, and net cash provided by operating activities of $44 million for the third quarter of 2017, according to a company press release issued Wednesday. When adjusting reported amounts for items that are typically excluded by the investment community on the basis that such …
Category: Oil & Gas
Slight Drop Recorded in Crude Oil Settlements on Wednesday
Oil futures slid on Wednesday as concerns rose that domestic crude producers will increase output as settlement prices soar, according to Bloomberg MarketWatch. December West Texas Intermediate crude shed 8 cents, or less than 0.2%, to settle at $54.30 a barrel on the New York Mercantile Exchange. It climbed to as high as $55.22 in early …
Up, Up and Away! Crude Oil Futures Settle Higher on Tuesday
Oil continued to climb on Tuesday as settlements rose to yet another two-year high, according to Bloomberg MarketWatch. December Brent crude, which expired at the session’s settlement, added 47 cents, or 0.8%, to finish at $61.37 a barrel on ICE Futures Europe Exchange. The January contract tacked on 35 cents, or 0.6%, for a settlement of $60.94 …
Devon Reports 3Q 2017 Earnings of $228 Million
Oklahoma City-based Devon Energy Corporation’s third quarter ended on a positive note, with $228 million in net earnings, or 43 cents a share, for the third quarter of 2017, according to a company press release issued on Tuesday. This figure is down sharply from $993 million, or $1.89 a share, in the third quarter of …
Crude Oil Prices Climb on Monday
Oil prices continued to rise on Monday as the global crude benchmark extended its surge above $60 a barrel to reach heights not seen in more than two years while the U.S. benchmark ended at an eight-month high, according to Bloomberg MarketWatch. December Brent crude, the global benchmark, rose 46 cents, or 0.8%, to settle at …
Oklahoma Firms in Top Ten Oil Producers in Kansas
Three Oklahoma energy companies are in the list of the top ten oil producers in Kansas for 2016 according to a report form the Independent Oil and Gas Service, Inc. SandRidge Exploration and Production LLC of Oklahoma City is ranked number four with production listed as 1,269,627 barrels of oil which represents 2.6% of the state’s …
Blueknight Energy to Announce 3Q Results Tuesday
Oklahoma City-based Blueknight Energy Partners will announce its third quarter 2017 financial results on Tuesday. The Partnership will release the results after the market closes Oct. 31 then hold a conference call Nov.1 at 1:30 p.m. CDT. Blueknight Energy owners and operates energy assets consisting of nearly 9.6 million barrels of oil and asphalt product …
OKOGA Warns Against Actions by Sierra Club, EarthWorks
A leading Oklahoma energy industry association is striking back at two oppositional groups. In a Saturday op-ed published by The Journal Record, Chad Warmington, president of the Oklahoma Oil and Gas Association, alleged the Sierra Club and EarthWorks conspired in a publicity stunt by releasing misleading videos giving the appearance of improper emissions leaking from …
Alta Mesa Settles Kingfisher County Royalty Lawsuit for $4.57 Million
Houston-based Alta Mesa Holdings LP, Alta Mesa Services LP and Oklahoma Energy Acquisitions has agreed to settle a Kingfisher County lawsuit alleging underpaid royalties for a sum of $4.57 million, according to a report published by The Oklahoman on Sunday. The settlement covers 115 oil and natural gas wells and their mineral owners. Court approval …
Strong Friday Finish as Brent Crude Settles Above $60, WTI Nears $54 a Barrel
Oil prices rallied on Friday, lifting the WTI settlement near $54 as Brent crude finished above $60 a barrel for the first time in more than two years, according to Bloomberg MarketWatch. December Brent crude, the global benchmark rose $1.14, or 1.9%, to settle at $60.44 a barrel on the London ICE Futures Exchange, marking the …