First quarter 2018 results for Devon Energy Corp. will be released Tuesday, May 1 according to an announcement by the Oklahoma City-based company. The results will be released after the close of U.S. financial markets followed by a conference call the next morning at 10 a.m. Central Time. Earlier this year, the company confirmed an …
Like every other agency in Oklahoma’s state government, the Corporation Commission is looking for places to fund its growing operations. The petroleum excise tax is one target according to a report in the Journal Record. The paper quoted Corporation Commission Chairwoman Dana Murphy as looking to use more of the excise taxes to cover the …
Federal tax charges have been filed against the former president and CEO of the former Oklahoma City-based environmental sales and consulting company TEEMCO. It’s not the first time Gregory Damien Lorson of Naples, Florida has faced tax charges. This week’s charges were filed in Oklahoma City federal court and accused Lorson of failing to pay …
Oilman and cattleman Tom Ward has expanded his newly-formed company’s holdings in northwest Oklahoma with the purchase of more than 1,100 wells and 155,000 acres from Chesapeake Energy, the company he helped found years ago. Ward’s BCE-Mach LLC announced the closing of the deal on land and wells in Woods and Alfalfa Counties. BCE-Mach LLC, …
The cause of a fire at an oil and gas pumping unit on Monday near Wewoka apparently was a backfiring motor. It’s what Fire Chief Kevin Green said about the late-afternoon fire that was still burning later Tuesday. The motor backfired and ignited gases as the crew of the pulling unit worked around the well …
Only the burned ruins of a cotton gin destroyed by fire on Tuesday remain in the southwest town of Lone Wolf. For a while, fear that oil and chemicals in the business would cause a more dangerous situation prompted state troopers and authorities to begin an evacuation of some of the town in Kiowa county. …
Another fatal oil well drilling rig accident is under investigation in Oklahoma. The Caddo County sheriff’s office was notified of the incident Tuesday afternoon. A worker reported fell to his death from a rig located near the town of Cement. The rig is located at County Street 2740 and County Road 1450. The sheriff’s office …
Oklahoma Treasurer Ken Miller announced Tuesday that March gross receipts for the state grew 7.4 percent compared to a year ago marking 12 straight months of an increase in revenues. Tax revenue on oil and gas played a role in the growth. Miller indicated gross production taxes on oil and natural gas brought in $72.8 …
Operations of Panhandle Eastern Pipeline Company in Oklahoma weren’t affected but a cyber attack is blamed for causing problems with the electronic communication system owned by Energy Transfer Partners LP and its major U.S. pipeline network. The network includes Panhandle Eastern along with Transwestern Pipeline Co. and Rover Pipeline LLC. The attack happened Monday morning …
ConocoPhillips says it closed or entered definitive agreements for nearly $250 million in proceeds from the sale of non-core assets in the first quarter of 2018. In an update on disposition activities, the Houston company with major operations in Bartlesville said several small packages were also closed during the quarter in the Permian Basin. Another …