Nearly 5 months after it brought in a well producing more than 2,000 barrels of oil a day, Marathon Oil Company filed a completion report with the Oklahoma Corporation Commission. The Stephens County well is in the Springer play located at 10 2N 4W in an area south of Lindsay. Initial production on the Papa …
Tulsa’s Unit Corporation is making a shift to focus more heavily on oil production while at the same time reporting first quarter 2019 net losses of $3.5 million or 7 cents per diluted share. The loss compares to net income of $7.9 million or 15 cents a share in the first quarter of 2018. …
Kansas City-based Tallgrass Energy, LP, the firm with extensive pipeline operations carrying oil to the Cushing hub, was named one of The Denver Post’s Top Workplaces. The company has extensive operations in Colorado and Wyoming where it moves crude out of the DJ Basin. The honor was the fifth consecutive year for Tallgrass to …
Oklahoma City’s Blueknight Energy Partners, L.P. plans to release its first quarter financial results this month. The report will be released after the close of markets on Wednesday, May 8, 2019. Company management will hold a conference call on Thursday, May 9 at 10 a.m. CDT to discuss the results. Investors await word whether the …
Nearly two years after Oklahoma City’s Mammoth Energy responded to the tragedy caused when Hurricane Maria hit Puerto Rico, the company is still there. And its efforts to restore electrical power to the nation have been rewarded in part by lawsuits against the company, even as Puerto Rico still owes hundreds of millions of dollars …
Williams in Tulsa is planning no change in the guidance ranges for the rest of 2019 after reporting strong increases in net income for the first three months of 2019. The company also believes there will be a turnaround in prices as demand for natural gas grows. CEO Alan Armstrong told investors and analysts after …
A Texas lawmaker wants the state to treat pipeline protesters the same as it does attempted killers. State Rep. Chris Paddie, a Republican from Marshall introduced House Bill 3557 which targets those who “engage in civil disobedience to stop or delay construction on pipelines.” His bill would make such crimes a felony with a sentence …
Tulsa’s Williams companies announced its unaudited net income for the first three months of 2019 totaled $194 million, an increase of 28 percent or $42 million. Net income per share was 16 cents, a drop of two cents while the adjusted income per share rose 16 percent reaching 22 cents. The company had cash flow …
Nearly 4,000 fourth and fifth grade students from across the state took part in ScienceFest 2019, held Thursday at the Oklahoma State Fair Park in Oklahoma City. The event is held annual to offer students a hands-on learning experience in the areas of engineering, math and other environmental conservation and stewardship exhibits and workshops. “ScienceFest …
There’s new information about the multi-million dollar lawsuit settlement regarding Continental Resources Inc. we reported earlier this week. The fight over alleged underpaid royalty payments on leases in northern Oklahoma actually totaled $66.9 million and not the approximately $59 million as initially estimated by Continental Resources. The settlement involved 34,000 class members who were mineral …