Tulsa’s Unit Corporation reported fourth quarter net income of $89.2 million this week and indicated its oil and natural segment production grew by 6% over the third quarter of 2017. The net income amounted to $1.71 per diluted share. It also compared to net income of $1.7 million or 3-cents a share for the fourth …
In the wake of the failure of the civic and business group Step Up Oklahoma to get its state budget plan approved, the group is keeping secret how much money it spent on its advertising campaign. Other groups are open about their spending including OK Wind Power which claims it spent more than $220,000 on …
A pretty stunning earnings report was released this week by Oklahoma City-based Continental Resources a the company said its 4th quarter oil production was up 44% over the same time period in 2016. The company reported $841.9 million in 4th quarter 2017 net income or $2.25 per Diluted Share. However of the total net income, …
With a 3 percent increase in oil production in 2017, Oklahoma City’s Chesapeake Energy reported its total net income for the year was $953 million. Before taxes and interest were deducted, the firm’s 2017 earnings totaled $2.376 billion. The net income for the year translated into $0.90 per diluted share. Fourth quarter net income was …
In what will apparently be the first legal challenge to a 2015 state law regarding the power of cities and towns to restrict oil and gas drilling in city limits, Ponca City has joined the city of Mustang in its fight. After the state supreme court said it would hear arguments in the case involving …
A new study on earthquakes under the DFW International Airport says they continued for seven years after Oklahoma City-based Chesapeake Energy stopped operations of a nearby wastewater injection well. The study was carried out by scientists at Southern Methodist University in Dallas. Writing in the Journal of Geophysical Research, the scientists said the quakes started …
A surprise announcement was made Wednesday that Jeff Hildebrand, the man who founded Hilcorp Energy Co. in Houston 29 years ago is stepping down as chief executive officer. Known for handing out big bonuses to his workers, Hildebrand is the 209th wealthiest person in the world. Bloomberg says he has a net worth of $7.6 …
The case of Tulsa’s Williams Cos. left at the altar by Dallas billionaire Kelcy Warren and his Energy Transfer Equity LP has gone to court in Delaware. And this week Warren denied claims that he profited unfairly from a 2016 private issuance of units from one of his company’s partnerships linked directly to the failure …
The Midwest City Superfund site known as Eagle Industries will be the focus of a public hearing on Thursday by the Oklahoma Department of Environmental Quality. DEQ officials will present information to the public about the contaminated site and what steps the government is taking to clean the site. The Eagle Industries plant sits on …
Warnings are surfacing over a shortage of frac sand and according to Halliburton,it is leading to higher drilling costs and threatening shale production in Oklahoma and other states. As the Wall Street Journal recently reported, when Halliburton CFO Chris Weber talked of the shortage, he said his company’s first quarter earnings could suffer as much …