Following a month of 16-hour days working to restore power to the hurricane-battered island of Puerto Rico, a dozen workers from Public Service Company of Oklahoma (PSO) are now back home. The employees were among a group of nearly 70 workers from PSO and its sister companies across AEP who flew to Puerto Rico on …
As Tulsa-based WPX Energy shifts its focus on operations in the Permian Basin of New Mexico and West Texas and the Williston Basin of North Dakota, it has said farewell to all of its operations in northwest New Mexico. The San Juan Basin. OK Energy Today first reported how the company unloaded its assets earlier …
Oklahoma City-based Key Energy reported a fourth quarter 2017 pre-tax loss of $22.8 million or $1.11 a share. The company blamed the cost of adding crews and equipment in the quarter but also indicated consolidated revenues were up 5%. “We also had another consecutive quarter of double-digit revenue growth in our Coiled Tubing Services segment …
Tulsa-based ONEOK, Inc. announced higher fourth-quarter and full-year 2017 operating income and adjusted earnings this week compared to 2016. The company said its fourth quarter net income was $63 million or 16 cents per diluted share. And that includes one-time noncash charges of $141.3 million or 36 cents a diluted share because of the new …
The Oklahoma House of Representatives has been sent a bill mandating performance audits of the Oklahoma Turnpike Authority. Authored by Rep. Tess Teague (R-Choctaw), HB 2530 was passed out of the House Transportation Committee on Monday by a vote of 6 to 5. And it drew immediate praise from GOP Gubernatorial hopeful Gary Richardson. …
Norman-based Prairie Oil & Gas recently hired three title managers: Jason Fry, Jonathan Holly and John Kim. As title managers, they will oversee the workflow, reporting and training of Prairie’s title land men. They will review title reports for quality, accuracy and efficiency and work closely with land men to improve and expand their skills. …
Some farm groups are at odds with President Trump in the fight over the Renewable Fuel Standard. It was the subject of a meeting this week where EPA Administrator Scott Pruitt and Ag Secretary Sonny Perdue were on hand at the White House. Ron Hays with the Radio Oklahoma Network’s Oklahoma Farm Report indicated several …
Tulsa-based Williams Partners L.P. announced along with ACMP Finance Corp. they have issued a notice of redemption to holders of the Issuers’ 4.875% Senior Notes due 2024. The issuers will redeem all of the outstanding Notes for cash on March 28, 2018 at a redemption price equal to the sum of the principal amount of …
Cost-cutting unveiled last week by Oklahoma City-based SandRidge Energy hit home on Monday when the energy company announced the layoff of at least 80 employees. “As part of the company’s previously announced commitment to reduce go-forward costs, it was necessary to restructure the organization to best align with the revised strategic plan,” the company said …
The head of the Oklahoma Independent Petroleum Association is telling legislators his group is willing to work toward a state government budget solution. But Oklahoma Independent Petroleum Association President Tim Wigley also warned that increasing taxes only on the oil and gas industry will “make the state more dependent on volatile oil and natural gas …