** Tulsa-based Williams plans to announce its fourth-quarter and full-year 2019 financial results after the market closes on Wednesday, Feb. 19, 2020. The Company’s fourth-quarter and full-year 2019 earnings conference call and webcast with analysts and investors is scheduled for Thursday, Feb. 20, 2020, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time). ** Fourteen U.S. states …
$72 million net loss reported in 4Q by Murphy Oil
Arkansas-based Murphy Oil Corporation reported it suffered a $72 million net loss or 46 cents a share in the fourth quarter ending December 31, 2019. Adjusted net income was $25 million or 16 cents per diluted share. As previously announced, Murphy closed the Malaysia asset divestiture in the third quarter for $2.0 billion in cash …
Public Service Company of Oklahoma Issues RFP for Short-Term Generating Capacity
Public Service Company of Oklahoma a subsidiary of American Electric Power , is issuing a draft Request for Proposals for economical generating capacity to supply the short-term needs of its customers. The RFP solicits bids for the purchase of capacity in amounts of 500 megawatts (MW) up to 800 MW for a term of …
Norman Senator pushes for changes to boost solar industry in Oklahoma
When the Oklahoma legislature convenes next month, it will have several solar-power related bills to consider. It’s a sign of the growing interest in attracting solar energy firms to the state. As OK Energy Today recently reported, former Oklahoma Corporation Commissioner Jim Roth told an interim study he believes Oklahoma has vast potential to become …
Aubrey McClendon death site to finally be improved in OKC
Nearly four years after the death of Oklahoma energy leader Aubrey McClendon, Oklahoma City plans to make safer the bridge where he died. As the Oklahoman reported this week, the bridge that goes over Midwest Boulevard between NW 122 street and Memorial road was supposed to have guard rails installed to prevent the kind of …
STACK assets of bankrupt firms acquired by Mach Resources
For $320 million, Oklahoma City’s Mach Resources and its partner Bayou City Energy Partners have acquired assets from two bankrupt companies operating in Oklahoma’s STACK play. The largest acquisition is the upstream oil and gas assets of Alta Mesa Holdings, LP. But Mach Resources also acquired the midstream assets of Kingfisher Midstream, LLC and its …
Casillas Operating reports 5 same-pad wells producing 3,200 barrels a day
Tulsa’s Casillas Operating LLC reported completions on five same-pad wells with combined production of nearly 3,200 barrels of oil a day in Garvin County. The five wells are located at 13 3N 4W or about four miles south of Lindsay and close to the community of Purdy. Their completions were actually made in the spring …
One dead and 3 hospitalized at Chesapeake Energy well blowout
A Chesapeake Energy well located east of Austin, Texas caught fire Wednesday killing one worker and leaving three others in the hospital. The blow-out and fire happened during service work at a site 75 miles east of Austin in Burleson County, according to Reuters. The well continued to burn for several hours after the …
Energy news in brief
** Oil and gas companies operating in Colorado have failed to submit thousands of monthly reports used to track how much energy they produce, costing the state millions in tax revenues. ** A recent report by Nevada Gov. Steve Sisiolak’s Office of Energy shows the state reduced greenhouse gasses by 22% between 2005 and 2016. ** An expert says Wyoming and …
No smoking gun in Rick Perry documents
Those hoping to find some sort of a smoking gun in Rick Perry’s documents from his former position as U.S. Energy Secretary didn’t find one this week. As POLITICO’s Morning Energy Report stated, an Energy Department release of documents relating to Rick Perry’s interactions with government officials in Ukraine didn’t turn up much of interest, but the …