Marathon Oil Company is one of the latest to report a large-producing well in Oklahoma’s STACK. A completion report on file this week showed the Siegrist 1307 1-9MH well (9 13N 7W) in Canadian County produced more than 1,100 barrels of oil a day when it was completed in late May. The well, located …
Nearly two and a half years after the death of Oklahoma energy magnet Aubrey McClendon, his legacy still attracts the interests of journalists. Consider the latest story published by Columbia Global Reports which explored McClendon’s rapid rise to wealth through Chesapeake Energy. The article described McClendon as an oil tycoon who fed on risk. Read …
Former EPA Administrator Scott Pruitt is looking no further than his hometown of Tulsa for a new job. He is said to be in talks with Tulsa-based Alliance Resource Partners to be a consultant. The firm’s chief executive is Joseph W. Craft III, a man described by the New York Times as a “Kentucky coal …
A report by one capital advising firm indicates Colorado’s Initiative 97 is causing unease in the oil and gas industry and if approved, it could affect mid-stream operators and oil movement into Oklahoma. One Oklahoma company says it already has. East Daley Capital Advisors, Inc. released the report this week indicating the potential impact of …
Xcel Energy, the Minneapolis, Minnesota based company with power operations in the Oklahoma Panhandle announced it has started operating drones beyond the line of sight in carrying out inspections of transmission lines. The drone work is being done near Denver, Colorado and is considered to be one of the most significant advancements of unmanned aircraft. …
As Hurricane Florence takes aim on North Carolina, it’s a reminder that the nation’s Strategic Petroleum Reserve was once used following the 2005 Hurricane Katrina. This week, the Department of Energy announced it exercised its option to extend a $2 billion contract for a Texas firm to manage the Reserve which consists of oil stored …
HollyFrontier Corporation, the Dallas firm with refinery operations in Oklahoma, Kansas and other states announced its Board of Directors has okayed a $1 billion share repurchase program. The authorization replaces all existing share repurchase authorizations of which there was approximately $43.6 million remaining after the company purchased 1.2 million shares to date in the third …
Late completion reports filed by Linn Energy show the company with four successful oil wells in Grady County. The wells are located between the Bridge Creek community and the town of Tuttle. The largest, Collins 15-9-5 1H was completed in December 2017 with production of 957 barrels of oil a day along with 2,217 Mcf …
While Hurricane Florence leaves East Coast authorities wondering about the extent of damage she’ll cause, Oklahoma weather experts are keeping an eye on two other storms. They’re wondering if the state will get any rain out of them. Gary McManus, State Climatologist with the Oklahoma Mesonet suggests the state could get rain and certainly impact …
An 8-cent-a-share dividend was declared this week by Oklahoma City’s Devon Energy Corp. The quarterly dividend is on Devon’s common stock for the fourth quarter of 2018. It will be payable on Dec. 28, 2018 at a rate of $0.08 per share based on a record date of Dec. 14, 2018.