Oklahoma’s oil and gas drilling rig count at 121 in the past week while the national rig count fell by 3 to reach 936. Baker Hughes Co. and the Red Top Rig Report based in Wichita, Kansas reported new figures. Nationally, the number of oil rigs fell by 5 to reach 747 while the number …
In a test designed to validate advanced drilling technologies, Catoosa Test Facility says it successfully drilled an extended test well to 7,449 feet using Oil Based Mud for a major company. Operators say they normally are not concerned about total depth but the facility was able to test prototype tools of any type downhole, …
With a large presence in Oklahoma, Schlumberger Limited announced fourth quarter revenue of $8.2 billion, an increase of 3 percent. The company said its fourth-quarter pretax operating income was $1.2 billion. Its full-year cash flow from operations totaled $5.7 billion. But the company’s full-year 2017 revenue totaled $30.4 billion which was a 9 percent increase …
A few weeks after OGE sent trucks and crews to be shipped to Puerto Rico for post-Hurricane Maria power restoration, the trucks arrived this week. Word came from OGE by twitter and in the form of two pictures showing the arrival of the trucks by barge. Our #BigOrange trucks just pulled into port in Ponce, Puerto Rico! …
Oklahoma Gas and Electric says it is asking the Oklahoma Corporation Commission to review the company request to receiver a nearly $390 million investment in the Mustang Energy Center. In announcing the move, OGE said it initially planned to seek a rate hike of about $70 million a year to recover its investment in …
If the commercial commitments for a Keystone XL pipeline are anything, it’s enough for TransCanada to move ahead with the development of the controversial line. The Canadian company said Thursday the commitments represent about 60 percent of the capacity for the line that will carry crude oil from Canada through Montana and South Dakota and …
One of the largest wells to be drilled in weeks in northwest Oklahoma was in Major County. The Bravo 28-20-12 1HC well drilled by Chesapeake Operating LLC has produced of 1,760 barrels a day according to the latest reports from the Oklahoma Corporation Commission and published by OK Energy Today. Located about 4 miles northeast …
Gasoline prices jumped an average of 7 cents in the past week in Oklahoma to reach an average of $2.32 a gallon, according to the latest fuel gauge report from AAA Oklahoma. Credit a two-year high demand for gasoline across the U.S. The new average is 23 cents below the national average which rose 4 …
Directors at ONEOK, Inc. declared on Wednesday a quarterly increase of its dividend of 2.5 cents a share or 3 percent compared with its prior dividend, bumping the dividend to 77 cents a share. It resulted in an annualized dividend of $3.08 a share and will be payable Feb. 14, 2018 to shareholders of record …
Leaders of Oklahoma City’s SandRidge Energy were scheduled to meet Wednesday with investor Carl Icahn over his demands for a shake-up of the company’s board of directors. His demands came after he publicly challenged SandRidge Energy’s proposed $746 million acquisition of Bonanza Creek Energy in Colorado. Icahn and other investigators argued it was too expensive …