Baker Hughes is reporting fourth quarter revenues of $5.8 billion, an increase of 7 percent for the quarter but a decline of 3 percent for the year. The Houston, Texas based company with extensive operations in Oklahoma described its results as “growth in our shorter-cycle businesses and declines in our longer-cycle businesses.” The firm had …
An initial incident report by the Oklahoma Corporation Commission and its probe of the deadly gas-rig explosion near Quinton indicated no cause as of yet. Released under the Oklahoma Open Records law, the OCC report stated the well will be plugged as the investigation continues. “Kill well with heavy drilling mud,” recommended investigator Curtis Hope …
The Oklahoma Department of Environmental Quality (DEQ) announced the two winners of the specialty tag voting. The public chose the American Bison grazing in an Oklahoma prairie and the Oklahoma sunset over a field of flowers. The specialty plates will be available for purchase later this year. Voting began on January 8 and ran until January 19. Over …
A slight improvement in Oklahoma’s unemployment rate for December 2017 was reported Tuesday by the Oklahoma Employment Security Commission. At the same time, they also reflected a slight drop in employment in Oklahoma’s energy sector. The seasonally adjusted rate declined 0.1 percentage point to 4.1 percent in December while the U.S. jobless rate held steady …
Northwest Oklahoma continues to be without significant moisture of any kind and according to the Oklahoma Mesonet, reached the 105th straight day without recorded precipitation. State Climatologist Gary McManus is keeping the records and in Wednesday’s Mesonet report, indicated “western OK was left high and dry and dusty” following weekend storms that produced rain for …
Those who attended the 2018 Oklahoma Energy Summit held this week at the State Capitol were told by one economist that the state’s energy tax rates are above average—-not less than some politicians have claimed in the debates over raising gross production taxes. It might have been something that Democratic lawmakers and Step Up Oklahoma …
The bodies of five missing workers at the site of a gas drilling rig explosion Monday morning in southeast Oklahoma were recovered on Tuesday and their names were released. Pittsburg County Sheriff Chris Morris identified the five as: Josh Ray, 35, of Ft. Worth, Texas; Matt Smith, 29, of McAlester,Oklahoma; Cody Risk, 26, of Wellington, …
It could be overnight when a burning gas wellhead might be extinguished in southeast Oklahoma following a Monday morning blast that left five workers missing and possibly dead and at least one injured. The well, located several miles west of the town of Quinton exploded around 8:45 a.m. and resulted in a massive fire that …
Tulsa-based ONEOK is anticipating 2018 to be a year where the company sees nearly a billion dollars in net earnings and a nearly 10 percent increase in dividend earnings. In releasing its 2018 financial and volume guidance, the company credited growth expectations to be driven by anticipated natural gas and natural gas liquids volume increases …
updated: 4:15 p.m. Pittsburg County officials say a wellhead fire is still burning out of control after an explosion occurred earlier Monday morning near the small town of Quinton. Five workers remain unaccounted for while 17 others escaped. One of the 17 suffered some burns. He initially declined treatment but a county emergency management spokesman …