While pursuing growth in Oklahoma’s STACK and SCOOP plays, Houston’s EOG Resources reported a $1.2 billion profit for the third quarter of 2018. that’s up from the $100 million reported a year ago and also more than the $700 million profit reported in the second quarter of this year. Revenues rose more than 80 percent …
With a 96 percent increase in oil and gas tax revenue in the past year, the October Gross Receipts for the state grew 16 percent overall. But the oil and gas revenue was down from September. State Treasurer Ken Miller announced a continued expansion of receipts to the treasury as they totaled $1.1 billion. The …
While domestic crude inventories added more than 3 million barrels of oil last week, gasoline prices in Oklahoma and other states dropped. Prices in Oklahoma plunged up to 8 cents as the statewide averaged reached $2.47 a gallon, according to AAA Oklahoma. The national average dropped 6 cents to reach $2.76 a gallon as of …
A strong Sunday night earthquake near the Grady county community of Bridge Creek prompted state regulators to immediately stop drill of a well near the town. Some reports put it as a 3.7 magnitude quake but the U.S. Geological Survey recorded it at 3.1 magnitude. Event type: Earthquake Region: Oklahoma Geographic coordinates: 35.218N, 97.741W Magnitude: …
We’ll learn this week how Tulsa-based Midstates Petroleum Company, Inc. did in the third quarter of 2018. The company plans to release its earnings report at the close of trading on the New York Stock Exchange on Thursday, Nov. 8, 2018. The company will also hold a conference call to discuss the third quarter results …
Energy Transfer LP in Dallas just won government approval to begin work on the final laterals to finish its Rover Pipeline project to carry natural gas from the Marcellus and Utica Shale production areas. The 713-mile pipeline will transport up to 3.25 billion cubic feet a day of natural gas to be delivered to eastern …
Members of the Environmental Quality Board (EQB) of the Oklahoma Department of Environmental Quality (DEQ) encourage residents of central Oklahoma to attend a public forum scheduled for Friday, November 9, 2018. The public forum will be held following the regular business meeting of the board. There is no way to estimate how long the business meeting will last, …
The proposed merger of two of the state’s largest oil and gas trade groups will be decided this week. Voting will start Tuesday and continue through Wednesday as about 2,000 members of the Oklahoma Independent Petroleum Association decide whether to combine with the Oklahoma Oil and Gas Association. If they agree, the new group will …
A newly-filed federal lawsuit says two workers killed at a Westar Energy power plant in Kansas died when superheated steam from a faulty safety valve filled the elevator they were riding in last spring. The suit was filed on behalf of Bailey and Dalton Burchett, the daughter and son of Westar worker Damien “Craig” Burchett …
While the national rig count dropped by one to reach 1,067, the number of rigs in Oklahoma increased by 3 to hit 144 in the past week. Figures from Baker Hughes Co. reported the national rig count included a drop of the number of oil rigs by one to reach 874 while the number of …