Oklahoma Treasurer Ken Miller reports April Gross Receipts to the state treasury were up by more than 15 percent compared to one year ago. The report totaled $1.4 billion, the largest of the year, thanks to the income tax filing deadline. “This month’s gross receipts report again reflects a well performing economy,” said Miller. “Employment …
Midstates Petroleum, the Tulsa company that sought a merger with Oklahoma City’s SandRidge Energy and failed, will announce its first quarter 2018 earnings on Wednesday, May 9. The results will be released after the close of trading on the New York Stock Exchange. A conference call will be held the next day at 7:30 a.m. …
Tulsa’s Unit Corporation reported first quarter 2018 net income of $7.9 million and adjusted net income of $11.1 million. And for the first time, the company has started exploration in Oklahoma’s STACK play. The adjusted net income represented a 47 percent increase over the first quarter of 2017. However, the net income was below the …
The largest geographical school district in Colorado has taken a step toward energy-efficient improvements and is awarding a $14 million dollar contract to a California company to help. The Pueblo County School District 70, one created with the consolidation of 34 smaller districts in 1950 awarded the contract to Willdan Group Inc. The company will …
One of the operators in Oklahoma’s STACK and SCOOP plays, Nine Energy Service Inc. plans to release its first quarter 2018 earnings on Monday, May 14. The company will hold a 10 a.m. Central Time conference call after releasing the results of the quarter ending March 31. Headquartered in Houston, Nine Energy also has operations …
The first quarter earnings for Texas-based Newfield, the company with a heavy presence in Oklahoma’s STACK play turned out better than expected. The company reported its net production and Anadarko Basin net production exceeded the high-end of its guidance rangers. Domestic net production was 173,600 Boepd while net income totaled $86 million or 43-cents a …
Mammoth Energy’s power restoration contract with Puerto Rico helped boost first quarter 2018 earnings for the Oklahoma City company. Helped by the $945 million contract to restore electrical power to Puerto Rico, the company reported a profit of $55.5 million or $1.24 a share. That compares to a $5 million loss a year ago. …
Southern Texas has been rumbling this week with small earthquakes. They’ve occurred in the Eagle Ford oil play and south of San Antonio. The strongest measured 3.4 magnitude. The quakes were in the strongest oil-producing county in the Eagle Ford. The U.S. Geological Survey recorded the quakes near Poth and Runge on Tuesday. Some residents …
Williams and Williams Partners reported first quarter earnings this week. Williams had $152 million in unaudited net income for the quarter as well as adjusted first quarter earnings of $1.135 billion. But the net income was down from $373 million reported last year at this time. The company blamed the drop on a transaction involving …
The divestiture of it its assets in New Mexico’s San Juan Basin apparently paid off for Tulsa’s WPX Energy as it reported first-quarter 2018 product revenue of $407 million. And the company’s exploration in the Delaware Basin resulted in an 8 percent increase over the previous quarter, plus a 149 percent jump from production a …
