ConocoPhillips announced on Wednesday it had approved a dividend for stockholders. The dividend of 30.5 cents per share will be payable June 3, 2019 to stockholders of record at the close of business on May 13, 2019. ConocoPhillips is the world’s largest independent E&P company based on production and proved reserves. Headquartered in Houston, Texas, …
Oklahoma City’s Continental Resources Inc. revealed in a SEC filing this week it is paying tens of millions of dollars to settle a class-action that alleged underpayment of royalties in Blaine County, Oklahoma. The suit was filed in 2010 by Billie J. Strack and Daniela A. Renner as trustees of named trusts. The suit alleged …
OGE sent out another proxy statement notification to shareholders this week about the upcoming May 16 annual meeting. It reminded shareholders of the time and place of the annual meeting and urged them to vote to elect 10 members of the board of directors. The proxy did not include the names of the 10 …
ONEOK reported a 27 percent increase in first quarter 2019 net income to $337.2 million. The Tulsa-based company said it resulted in an 81-cent distribution per diluted share. In announcing the results this week, the company said it also saw a 12 percent increase in adjusted EBITDA reaching $637.5 million. its first-quarter operating income totaled …
Devon Energy posted better than expected first-quarter 2019 earnings and also reported increased oil production. The company reported a 24 percent increase in light-oil production compared to the first quarter of 2018, reaching 138,000 bbl/day. The result was 8,000 barrels a day better as the company also saw a 76 percent surge in Delaware Basin …
Oklahoma City’s Mammoth Energy Services, Inc. has declared a cash dividend of $0.125 per share to stockholders. The Board of Directors declared it will be paid May 17, 2019 to stockholders of record as of the close of business on May 10, 2019,. The dividend was declared after Mammoth announced total revenue of $278.2 million …
Harold Hamm, founder and CEO of Continental Resources Inc. in Oklahoma City says the first quarter of 2019 has been every bit successful as the company was in 2018. “We saw 2018 become the breakout year we envisioned and 2019 has proven to be equally fulfilling as our teams embrace the strategic shift to unit …
Blaine County’s latest big well was brought in by Continental Resources in an area about 3 miles northeast of the community of Greenfield. A completion report filed this week showed the Homsey 6-22-27xhm well had production of 1,629 barrels of oil a day along with 6,262 Mcf of gas. Located at 22 15N 11W, the …
Like Father, like Son. So goes the old saying but when it comes to Parent-child wells drilled in Oklahoma, it’s not always the case. Just as you have to approach the raising of a child with care, so must those drillers who attempt to replicate the success of a parent well with follow-up efforts on …
The environmental “self audit” bill supported by Oklahoma’s oil and gas industry was signed into law on Monday by Gov. Kevin Stitt. SB1003 allows oil and gas firms, chemical plants and utilities to carry out environmental “self audits,” similar to a law that has existed for many years in Texas. Supporters contend it will …