Matador Resources Company announced it is working on even more disposal wells for Southeast New Mexico and its share of the Permian Basin. The Dallas company said it started operating a fifth operated drilling rig in August for its midstream affiliate, San Mateo Midstream, LLC and for the purpose of drilling an additional salt …
Category: Oil & Gas
Baker Hughes revenue growth still slowed by COVID
Baker Hughes reported its third quarter earnings saw a 1% drop in its revenue from the second quarter which totaled $5.1 billion even though it also had a 6% increase in orders for the quarter. Company leadership blamed slower growth on COVID-19. Revenue also slipped 1% year-over-year while the orders totaled $5.4 billion and …
Chesapeake Energy Corporation provides 2021 3Qearnings conference call information
Chesapeake Energy Corporation announced that it will release its 2021 third quarter operational and financial results after market close on Tuesday, November 2, 2021. A conference call to discuss the results has been scheduled on Wednesday, November 3, 2021 at 9:00 am EDT. Chesapeake reported a $439 million net loss or $4.48 per diluted share in the …
OCC staff wants to close energy storage inquiry
A year after opening an inquiry into development of energy storage in Oklahoma, the staff at the Corporation Commission wants to close any more input from consumer and utility groups. In a recent notification, Brandy Wreath, head of the Public Utilities Division informed those who had participated in the inquiry over the past year …
More radioactive oilfield waste disposal options in North Dakota
Those Oklahoma energy firms carrying out oil and gas exploration in North Dakota’s Bakken might soon have a disposal well to rid of radioactive waste in the state. The North Dakota Industrial Commission recently approved the creation of a second well in McKenzie County where oil field waste would be mixed with saltwater into …
Phillips 66 Partners declares quarterly cash distribution
Phillips 66 Partners LP announced that the board of directors of its general partner declared a third-quarter 2021 cash distribution of $0.875 per common unit, or $3.50 per unit on an annualized basis. The quarterly distribution is payable Nov. 12, 2021, to unitholders of record as of Oct. 29, 2021. Headquartered in Houston, Phillips …
US oil at $83 while crude prices in Europe hit $85
Crude oil futures managed another large gain in Tuesday’s trading as prices in the US pushed closer to $83 a barrel while in Europe, crude finished at $85 a barrel. But the price climb didn’t help Oklahoma energy stocks for the most part. West Texas Intermediate crude for November delivery, trading on the New …
Environmental containment firm expands operations
Fort Worth’s Mustang Extreme Environmental Services, an environmental containment firm with offices in Oklahoma City announced the acquisition this week of RW Products LLC, a firm with operations in the Appalachians. The acquisition price was not disclosed but it gives Mustang Extreme a grasp in oil and gas operations in Ohio, Pennsylvania and West …
Will increased drilling help Helmerich and Payne in coming 4Q report?
Tulsa-based Helmerich & Payne Inc. plans to release its fourth quarter 2021 earnings report in mid-November as investors wonder if the company might end at least two consecutive quarters of improved losses. The company announced it will hold a conference call on Thursday, Nov. 18 at 10 a.m. central time. John Lindsay, President and …
Halliburton sees 3Q growth
Halliburton saw improved net income in the third quarter 2021 over the second quarter, announcing total revenue of $3.9 billion compared to $3.7 billion the previous quarter. The Houston based company that was founded in Oklahoma said its net income for the quarter was $236 million or 26 cents a diluted share, better than …