Phillips 66 announced that the board of directors has approved a new share repurchase program that authorizes the company to repurchase up to $3 billion of its common stock, bringing the total amount of share repurchase programs authorized by the board since 2012 to an aggregate of $15 billion. The board also declared a quarterly …
Marathon Oil Company filed a completion report on a Kingfisher County well with production of more than 1,100 barrels of oil a day. The Mike Stroud Bia 1509 7-8-33mxh well, located at 33 15N 9W or about 11 miles west of the city of Okarche had an August 2018 spud date. Drilling was finished in …
The rig counts in Oklahoma and across the rest of the U.S. dropped again in the past week. The state’s count fell 3 to 63. A year ago, there were 143 oil and gas rigs active in the state. Nationally, the count fell by 5 to 855. Oil rigs fell by 3 to 710 and …
Boone County in Missouri might be getting a new solar power plant in the near future. Boone Stephens Solar, a company connected to Colorado-based energy developer Dakota Power Partners, is seeking endorsement from the Columbia Water and Light Advisory Board for its plan to build a new solar power plant by the end of 2023. …
The Kansas Renewable Energy conference started with breakout sessions, vendor displays and a luncheon that featured Governor Laura Kelly as the guest speaker. The future of Kansas’ renewable energy pushes forward with advances in technology, new resources being discovered and state initiatives that are continuing to grow. Attendees learned …
Ferra Aerospace, a global aerospace company headquartered in Australia, broke ground on a $2 million expansion of the company’s Grove, Okla., manufacturing facility. The expansion will add 50,000 square feet of floor space for the addition of several 5-axis machining centers for complex machining and assembly of aerospace components. The company currently employs 36 employees …
Down to the wire. Oklahoma received an extension from the U.S. Department of Homeland Security on the REAL ID through September 18, 2020. An extension was filed in August but was set to expire on October 10. In response to the September 11 terrorist attack, Congress passed the REAL ID Act in 2005. Oklahoma and …
An American Indian and minority owned energy business says it will retain 1,200 employees at three coal mines in Wyoming and Montana. The U.S. District Court of Delaware approved the sale of Cloud Peak Energy’s assets to New Mexico’s Navajo Transitional Energy Company through a bankruptcy auction. The purchase makes the Navajo company the third …
Tulsa’s Newfield Exploration Mid-Con Inc. was successful in a four well, single-pad site in Oklahoma’s STACK with combined production of 2,305 barrels of oil a day. The Hoile Fed 1611 wells, located in Blaine County at 36 16N 11W or about 6 miles southeast of Watonga, had spud dates in November and December of 2018. …
The New Mexico Supreme Court this week denied a Santa Fe-based clean energy group’s petition to declare certain provisions of the state’s new Energy Transition Act unconstitutional. New Energy Economy and other groups have argued the new law — designed to move public utilities and rural electric cooperatives away from coal and toward renewable and …