While Oklahoma’s oil and gas rig count slipped in the past week, the national count added to hit 978. Figures from Baker Hughes Co. and the Independent Oil and Gas Service show an additional 3 rigs nationwide. One more oil rig was added to hit 799 in theU.S. while two more gas rigs were put …
Oklahoma Attorney General Mike Hunter lost a bid to get a lawsuit over his sealing of an audit of a Tar Creek Superfund site trust thrown out of court. Instead, Oklahoma County District Court Judge Patricia Parrish ruled the lawsuit filed by the Washington, D.C.-based Campaign for Accountability can continue. The suit was filed because …
Oklahoma City-based Chaparral Energy is out with an operations update and including what it anticipates for 2018. The company said its STACK production grew by 38 percent in the fourth quarter of 2017 compared to a year earlier. Its year-end 2017 proved reserves were increased to 76.3 million barrels of oil equivalent which represented a …
Hundreds of Spirit AeroSystems workers in McAlester and Tulsa could be among the thousands of company workers getting thousands of dollars in bonuses this year. The company would not say how much workers will take home in thanks for the supplier’s financial performance in 2017. But the Wichita Eagle reports Spirit had a 13 percent …
Full commitments have been made on another pipeline carrying crude out of the Permian Basin to the Corpus Christi, Texas ports. The Cactus II pipeline, a subsidiary of Plains All American Pipeline L.P. will have an initial capacity of 585,000 barrels a day. The company said it’s obtained long-term third-party shipper contracts. The line will …
The leadership challenges continue at Oklahoma City’s SandRidge Energy where following the termination of CEO James Bennett, the company reported a net loss of $19 million for the fourth quarter of 2017. New CEO Bill Griffin promptly announced he is at work on what he called a “revised strategy.” “SandRidge enters 2018 with a …
Even with a 68 percent increase in oil production from 2016 to 2017, Tulsa-based WPX Energy reported a fourth quarter loss this week of $35 million. It translated into a 9-cent a share loss on a diluted basis. Earnings before taxes totaled $255 million which was 89 percent more than a year ago. For all …
Tulsa-based ONEOK Inc. announced this week it intends to spend $2.3 billion in constructing new natural gas systems in the coming two years. Plans call for projects in Oklahoma, Texas and North Dakota. “With more than $4 billion of announced capital-growth projects since June 2017, we continue to build off of our significant asset footprint,” said Terry K. …
Joining with a Democratic U.S. Senator from Rhode Island, Sen. Jim Inhofe of Oklahoma says the time is right to close the infrastructure gap in the U.S. The two said both sides of the aisle want to see improvements. Writing in the Wall Street Journal this week, Sen. Inhofe and Sen. Sheldon Whitehouse said it …
Tulsa’s Unit Corporation reported fourth quarter net income of $89.2 million this week and indicated its oil and natural segment production grew by 6% over the third quarter of 2017. The net income amounted to $1.71 per diluted share. It also compared to net income of $1.7 million or 3-cents a share for the fourth …
