Those wildfires that killed two people, threatened oil and gas operations and darkened more than 350,000 acres in northwest Oklahoma also caused an estimated $26 million in losses of cattle. It’s what Dr. Derrell Peel at Oklahoma State University is estimating, according to the Oklahoma Farm Report’s Ron Hays. “”We don’t have firm numbers yet, …
More action has been taken by the Oklahoma Corporation Commission in a move to reduce earthquake activity around the towns of Covington and Douglas in northern Oklahoma. On Tuesday, the Commmission issued a directive for further reductions in the oiland gas wastewater disposal well volumes. Under the directive from the Commission’s Oil and Gas Conservation …
Oklahoma City-based Panhandle Oil and Gas reported $1 million in profits in the second quarter of 2018. It translated to a profit of 6 cents a share. The $1.01 million in profits was down from $3.47 million a year ago when per-share profits were 21 cents. Revenues fell to $11.4 million from the $14 million …
While fighting off a takeover attempt by activist investor Carl Icahn, Oklahoma City-based SandRidge Energy is reporting a net loss of $41 million in the first quarter of 2018. The loss amounts to $1.18 per share. But the company’s adjusted net income amounted to $5 million or 15-cents a share while the operating cash flow …
While Altus Air Force Base awaits the arrival of the new KC-46 Pegasus tanker and cargo plane, Boeing is pushing back on criticism about being late on delivery of the planes to the Air Force. The push-back came even as Altus AFB recently carried a story how the flight-training for C-46 refueling tanker crews will …
Oklahoma City-based Enable Midstream Partners, LP announced this week it has priced an offering of $800 million in senior notes. The offering of the 4.950% senior notes due 2028 will be at a price to the public of 99.197% of their face value. And the offering will close May 20, 2018. The Partnership intends to …
A Texas consulting company helped with the planning and development of the Redcliff gas processing plant near Woodward, a plant providing natural gas processing services in the STACK play. The cryogenic natural gas processing plant was built by Canyon Midstream Partners II, LLC based in Houston, but it was Priority Power Management LLC of …
A memo dated May 1, 2017 shows Scott Pruitt’s security detail indeed had concerns about his safety and suggested he travel by air in first class seating. The Washington Post uncovered the memo in a public records request, showing how the head of security, Pasquale “Nino” Perrotta wanted a better way to control the security …
Cathy Costello’s campaign to replace her late husband as Oklahoma Labor Commissioner got a boost this week from Oklahoma Congressman Steve Russell. The Republican U.S. Representative from the 5th district came out with an endorsement of Costello in the GOP primary. “I am endorsing Cathy Costello for Oklahoma Labor Commissioner because I want my children …
Oklahoma City-based SandRidge Energy on Monday took a step toward appeasing activist investor Carl Icahn, but not totally caving in to his demands for replacement of the entire board of directors. Instead, the company announced it will expand the board to seven members. And it endorsed two of the directors nominated by Icahn who had …
