The deadline for a petition drive to investigate the city of Claremore’s finances over smart meter technology is this week. The Tulsa World reported Shelly Taylor had until Thursday to obtain 986 registered voters to sign her petition calling for the investigation. She has claimed misappropriation and “possible irregularities” in the city budget. Her petition …
With a 16 percent increase in oil production in the first quarter of 2018, Oklahoma City’s Chesapeake Energy reported quarterly net income of $268 million or 29 cents a diluted share. The company said its first quarter net cash provided by operating activities increased $557 million compared to one year ago. The company was able …
Oklahoma City’s Devon Energy Corp. reported its first quarter 2018 earnings included an operating cash flow of $804 million but a net loss of $197 million due to the early retirement of $312 million debt. However, the company said the core earnings were still $108 million or 20 cents a diluted share for the quarter. …
Oklahoma City’s Enable Midstream is reporting net income to limited partners of $114 million in the first quarter 2018 operations, a drop of $6 million from a year ago. Net income to common units also dropped, totaling $105 million, down $6 million reported for the first quarter of 2017. Still, the company said it achieved …
With a refinery in Tulsa and another in El Dorado, Kansas, HollyFrontier Corporation based in Dallas, Texas is reporting first quarter net income of more than $268 million. It translates into a $1.50 per diluted share for stockholders. The $268.1 million compares with the net loss of $45.5 million reported one year ago. The company …
One of the latest large wells to be completed in Oklahoma’s STACK was drilled by Devon Energy in Blaine County, one of the three main counties making up the oil play. Devon recently filed a completion report on the Sonoyta 23_2-17N-10W2HX, a well that produced 1,702 barrels a day on its initial testing in mid-February. …
Scott Pruitt’s lost one of his right-hand men he took with him from Oklahoma to run the Environmental Protection Agency. On Tuesday, Albert “Kell” Kelly, a former Tulsa banker who was named by Pruitt to run the Superfund cleanup program resigned. He had held the position for a year after the FDIC banned him for …
From mineral management and lease negotiations to estate planning, they are among the topics planned at this week’s 2018 Oklahoma NARO convention to be held in Oklahoma City. Activities actually begin Wednesday with a bus tour of Oklahoma City’s adventure district followed by a tour of the National Cowboy and Western Heritage Museum. A barbecue …
The Creighton University Mid-America Business Conditions Index, a leading economic indicator for a nine-state region stretching from Arkansas to North Dakota, declined, but remained in a healthy range for May, according the latest monthly survey results. Oklahoma’s May Business Conditions Index remained above the growth neutral threshold for a fifth straight month though it declined to …
A move by the U.S. Department of Transportation and the Federal Motor carrier Safety Administration to allow an oil field service exemption to “frac” sand drivers drew thanks from Oklahoma U.S. Sen. Jim Inhofe and Rep. Markwayne Mullin. And no doubt, oil field operators in Oklahoma will applaud the decision. The two had campaigned to …
