The largest well reported so far this week in the state produced 1,335 barrels of oil a day when it was completed by Continental Resources Inc. in Garvin County. The Omer 6-20-17XHS is located approximately 8 miles south of Lindsay and was spud in January with drilling finished in April. Completion was made June 4, …
Despite $21 million in asset sales, Oklahoma City’s Chaparral Energy Inc. reported a 2018 second quarter loss of $22 million. The company said the loss was driven by a $27 million non-cash loss associated with commodity derivatives. The loss figured to 49-cents a share. The loss came as the company saw its STACK production increase …
Osage County landowner Merrill Chance has scored a partial victory in his lawsuit to stop an energy company from drilling for oil and gas on his land. The U.S. 10th Circuit Court of Appeals reversed a lower court’s ruling against Chance who filed suit against Interior Secretary Ryan Zinke, the U.S. Bureau of Indian Affairs …
A Thursday public meeting of the Oklahoma Corporation Commission might include discussion is expected to discussion of the state’s lawsuit against Oklahoma City-based SandRidge Energy over its 2016 bankruptcy filing. The commission might hold an executive session to conduct confidential communications concerning the litigation which was filed in Houston, Texas where SandRidge filed bankruptcy two …
Williams’ board of directors has approved a regular dividend of $0.34 per share, or $1.36 annualized, on the company’s common stock, payable on Sept. 24, 2018, to holders of record at the close of business on Sept. 7, 2018. The new amount is a 13.33 percent increase from Williams’ third-quarter 2017 quarterly dividend of $0.30 …
The Oklahoma government’s estimates of revenue collections in July came below the guess of the experts. General Revenue Fund collections for the month totaled $449.1 million. They were also $37.8 million or 9.2% greater than July 2017. Gross production tax collections on oil and gas totaled $26.1 million but like the general revenue fund, were …
Antioch Energy LLC (“Antioch”) announced today it has entered into agreements with an affiliate of WaterBridge Resources LLC (“WaterBridge”) that provide Antioch a cost-effective produced water handling solution and access to reliable capacity at economic rates. Antioch sold its existing produced water infrastructure in the Arkoma Stack to Houston-based WaterBridge, including approximately 40,000 bpd of …
Efforts by two environmentalists to blame oil and gas exploration in the Flint Hills of Kansas for causing earthquakes have led to them being accused of practicing law without a license. And both contend it’s retaliation by the Kansas Corporation Commission where they have appeared in their fight against wastewater disposal wells. The Topeka Capital …
The state of Texas is taking steps to improve its protections for the dunes sagebrush lizard, hoping it might prevent the federal government from moving in and taking far more restrictive action. State officials are rewriting the Texas Conservation Plan which was originally drawn up to avoid federal regulation over the little creature that is …
Hours after announcing it had paid $215 million for 9,600 net acres in the Delaware Basin sold by Oklahoma City’s Devon Energy, Houston-based Carrizo Oil and Gas saw a drop in trading of shares. It totaled 6.4 % and came as the company also announced it was launching a public offering of 9.5 million shares …