Oklahoma’s SCOOP is seeing increased exploration as a handful of companies won permits to drill in the past week from state regulators. Stephens and Johnson Operating Company won permits to drill two different pairs of sister wells near Velma in Stephens County. Two permits were for the McClanahan-Martin #4 wells to be drilled at …
Tulsa’s Chisholm Oil and Gas Operating LLC unloaded 42 completion reports in the past week with Oklahoma regulators. Why the company waited to file the dozens of reports isn’t known. But Chisholm, a company whose website proclaims only three operational rigs turned out the wells in the STACK play. The wells ranged in oil production …
** Oklahoma City-based Continental Resources, Inc. plans to announce full-year 2019 and 4Q19 results on Wednesday, February 26, 2020 following the close of trading on the New York Stock Exchange. The Company plans to host a conference call to discuss full-year 2019 and 4Q19 results on Thursday, February 27, 2020 at 12:00 p.m. ET (11:00 a.m. CT). ** Oklahoma City’s Enable Midstream …
Oklahoma U.S. Sen. Jim Inhofe was told this week that the U.S. Commerce Department is close to a decision on Tulsa’s request for disaster funding for its Levee System and pumps. The revelation came during a Senate Environment and Public Works committee hearing where Dr. John Fleming, Assistant Secretary of Commerce for the Economic Development …
(part of Cushing tank farm) Some of those TransCanada Keystone Pipeline crude oil storage tanks at Cushing, Oklahoma aren’t as old as OK Energy Today reported earlier this week. We had indicated that some of the tanks were constructed in 1984 but a TC Energy spokeswoman in Nebraska corrected us, stating that the earliest company …
The controversial $8 billion Keystone XL pipeline is a step closer to construction after the Trump administration on Wednesday approved a right-of-way allowing the line to be built across U.S. land. The approval signed by Interior Secretary David Bernhardt and obtained by The Associated Press covers 46 miles (74 kilometers) of the pipeline’s route across …
A Dallas law firm that specializes in tracking oil and gas industry bankruptcies reported this week the number of bankruptcies rose 50% in 2019 over 2018 filings. And forecasts indicate we’ll only see more in the coming months. The law firm Haynes and Boone stated that U.S. and Canadian oil and natural gas exploration as …
Another company that is expected to report a year-over-year drop in earnings on lower revenues this month is Marathon Petroleum, the Texas company with a footprint all over Oklahoma’s STACK play. The company’s earnings report will be released next week on January 29. Some analysts suggest Marathon’s quarterly earnings will be 85-cents a share, a …
The U.S. Environmental Protection Agency (EPA) has designated January as National Radon Action Month. The Oklahoma Department of Environmental Quality (DEQ) is working with EPA in a nationwide campaign to educate Americans about the dangers of radon exposure and to encourage citizens to take action to protect their homes and families. Radon is a naturally …
Texas Railroad Commissioners laid out nearly $900,000 in fines this month against pipeline contractors and oil and gas operators. The $899,005 in fines involved 222 enforcement dockets against operators and businesses. The commissioners took the action as they have primary oversight and enforcement of the oil and gas industry and intrastate pipeline safety in Texas. …