One of the operators in the STACK and SCOOP plays of Oklahoma, Nine Energy Service has finished its acquisition of Magnum Oil Tools International, LTD. Nine Energy bought the company in a $493 million deal including a combination of nearly $334 million in cash as well as 5 million shares of Nine common stock. Magnum’s …
Third quarter earnings were up for Houston’s Phillips 66 as the company reported earnings of $1.5 billion, up from the $1.3 billion reported in the second quarter of the year. The company said excluding special items of $36 million in the third quarter, its adjusted earnings were $1.5 billion. “We demonstrated the value of our …
Devon Energy is reporting success in Oklahoma’s STACK play with three wells in Blaine County including one with production of nearly 2,200 Barrels of oil a day. Devon also reported six new wells in Kingfisher county. The largest well was the Coyote 3_10-16n-12w 1hx located at 3-16N-12W or about 4 miles north of Watonga near …
Governor Mary Fallin today welcomed the announcement by Rural Sourcing, the leading provider of U.S.-based information technology outsourcing services, that it will open a development center in Oklahoma City. The center will create 150 software development jobs that will provide solutions to Real Sourcing’s Fortune 1000 and technology clients. This decision equates to a more …
Public Service Company of Oklahoma crews are on their way home after spending the past two weeks helping restore electrical power to residents hard hit by Hurricane Michael in the Florida Panhandle. The 120 PSO employees left Thursday. They represent the company’s Tulsa, Lawton and McAlester Districts and left Oct. 9 for Pensacola, Florida. There, …
A Federal judge in Colorado has ordered the U.S. Bureau of Land Management to renew negotiations with environmental groups who filed suit to stop the government from opening hundreds of thousands of acres of federal land in Colorado to oil and gas exploration. U.S. District Judge Lewis T. Babcock recently ruled in a lawsuit …
Oklahoma’s latest earthquake was Thursday morning near the Logan County town of Coyle and measured 2.7 magnitude. The U.S. Geological Survey recorded it at 5:26 a.m. and was only about a mile in depth. The epicenter was .3 mile west of Coyle and about 12 miles northeast of Guthrie. The quake is in the area …
A little P-R effort will be undertaken Friday in an effort to show off the state’s major waterway system in eastern Oklahoma. The Tulsa Port and the Port of Muskogee are joining together to host elected officials for a luncheon and barge excursion. Local, state and federal officials, as well as other area business leaders will …
A program on remediating streams that have been affected by mining activity will be held this Wednesday, October 31, at Southwestern Oklahoma State University in Weatherford. Dr. Robert W. Nairn, professor in the School of Civil Engineering and Environmental Science at the University of Oklahoma, will speak at 4 p.m. in Room 212 …
Tulsa International Airport saw its busiest September in 11 years as a total of 120,448 passengers boarded planes. It surpassed the 2008 September when enplanements were 115,400. The airport reported passenger volume was up 12 percent compared to September 2017 according to a report in the Tulsa World. “Airlines have continued to invest in Tulsa …
