Laredo Petroleum, Inc. based in Tulsa announced its 2018 third-quarter results including net income of $55.1 million or 24-cents a share. The company’s adjusted net income for the quarter was $62.4 million or 27-cents a share. Laredo indicated it had record 71,382 barrels of oil equivalent a day in production for the quarter which was …
Oklahoma City’s SandRidge Energy announced this week the sale of nearly 1,500 low-performing wells in the Permian Basin along with more than 13 million shares of SandRidge Permian Trust in a $14.5 million deal. It followed up with a $25.1 million purchase of oil and gas properties, rights and assets in the Mississippi Lime and …
Tulsa’s Magellan Midstream Partners, L.P. joined forces this week to announce the launch of an open season on a proposed new pipeline to carry crude from Cushing, Oklahoma south to Houston, Texas. Magellan is also exploring the possibility of a second line that would carry oil from Houston to Corpus Christi. Working with Navigator Energy …
A federal appeals court in Houston has upheld a more than $12 million judgment won by National Oilwell Varco, L.P., a Texas firm with major operations throughout Oklahoma. The ruling came in a lawsuit filed by NOV against Sadeesh Sadagopan, Majed Hamdan and Khaled Zantout who were accused of fradulent schemes and conspiracy. A lower …
The 10th U.S. District Court of Appeals in Denver has upheld a ruling against the Audubon Society of Greater Denver which had challenged the government’s approval of a plan to store more water in a reservoir. In a ruling this week, the court stated the Army Corps of Engineers had complied with the National Environmental …
While the Oklahoma Corporation Commission was investigating a Sunday night earthquake that eventually resulted in the shutdown of a fracking operation near Bridge Creek, a Monday morning quake was recorded in northern Oklahoma. It measured 2.7 magnitude according to the U.S. Geological Survey and the epicenter was only about a mile from the town …
The Oklahoma City independent exploration company whose drilling for a well near Bridge Creek is thought to have caused a Sunday night earthquake has decided to permanently end all fracking operations at the site. Roan Resources informed the Oil and Gas Conservation Division of the Oklahoma Corporation Commission that it has decided to permanently end …
A state question calling for the creation of another reserve fund in Oklahoma to finance education has left a split among groups and associations that will be affected by it. State Question 800 would divert 5 percent of gross production tax collections to the Oklahoma Vision Fund starting July 1, 2020. Voters will decide Tuesday …
Halliburton, the company that got its start in southern Oklahoma is celebrating its 100th anniversary this week. Company President and CEO Jeff Miller was joined by Halliburton Executive Chairman Dave Lesar to celebrate the company turning 100 by ringing the Opening Bell on the New York Stock Exchange. “Reaching our 100th anniversary signifies a milestone …
If voters in Colorado approve Proposition 112, the increased drilling setback from homes, businesses and schools, Gov. John Hickenlooper is talking of a special legislative session. There continue to be claims that up to 80% of the state would be off limits to oil and gas drilling. The Colorado Oil and Gas Conservation Commission says …