A more than $2 billion capital program has been announced by Phillips 66, the Houston company with major operations throughout Oklahoma. It totals $2.3 billion according to Chairman and CEO Greg Garland. “The 2019 capital program reflects our strong portfolio of growth projects aligned with our long-term strategy. We are building out our integrated Midstream …
Seismologists had a busy weekend with small earthquakes in northern Oklahoma. The strongest measured 3.0 magnitude and occurred around 1:42 a.m. Monday. The U.S. Geological Survey reported the quake had a depth of nearly 4 miles and the epicenter was only 3 miles north of the small town of Togo or about 34 miles east …
An Oklahoma Corporation Commission Administrative Law Judge gave hundreds of residents opposed to two well drilling sites in Canadian County a partial victory in the past week. But only after scolding one opponent for declaring “we will not be steamrolled over.” ALJ Kendal Huber Minmier gave a stern rebuke to opponent Eric Sanderson, stating “There …
Rig counts dropped in Oklahoma and across the U.S. in the past week. Oklahoma’s count slipped by two from a week ago to 140 oil and gas rigs while nationally, the count dropped by 4 to reach 1,071. The number of oil rigs in the U.S. declined by 4 to reach 873 while the number …
The liberal environmentalists who tried and failed to get voter-approved tighter restrictions on drilling setbacks in Colorado aren’t giving up. Colorado Rising, thee group that got Proposition 112 on the November ballot says it’s forming an exploratory committee to begin running a ballot initiative in the 2020 election cycle. Anne Lee Foster, with Colorado …
When governor-elect Kevin Stitt visited the White House this week and met with President Donald Trump, it wasn’t just a meet-and-greet opportunity for him. He also used the visit to the nation’s capital to promote Oklahoma’s Port of Catoosa and encourage exportation of Oklahoma products. The discussion surrounding the eastern Oklahoma waterway came as …
While Houston’s Marathon Oil is considered a top explorer in Oklahoma’s STACK and SCOOP plays, it’s also expanding operations in North Dakota’s Bakken Shale. The company recently announced it’s producing strong results at a new four-well pad site in Dunn County, North Dakota. It’s also known as the Ajax area of the Bakken shale basin. …
Oklahoma employees of Schlumberger might be thinking they’re lucky to have escaped a layoff that hit one of the company’s subsidiaries in South Texas. Product and Logistics Services LLC at Houston is closing its operations and nearly 188 workers are losing their jobs. That includes closing offices in Von Ormy and Pleasanton, according to a …
The earthquakes of Oklahoma and their connection to wastewater disposal wells apparently have gotten the attention of investigators who are now focusing on the Permian Basin of West Texas. As the Midland Reporter-Telegram recently revealed, researchers with Stanford University’s Standford Center for Induced and Triggered Seismicity visited Midland and the area. They are the same …
An SEC filing has been made by Oklahoma Gas and Electric reflecting acquisition of shares by members of the Board of Directors. Five of the directors, Sheila Talton, Robert O. Lorenz, Judy R. McReynolds, Frank A. Bozich and James H. Brandi each acquired 3,028.1 shares in a Dec. 11 transaction, according to the Form 4 …
