Known as a leading manufacturer of wellheads and pressure control equipment in the U.S., Houston-based Cactus, Inc. reported an increase of nearly 10 percent as its first quarter revenues totaled $115.1 million. It also generated net income of $26.4 million and generated cash flow from operations of $38.6 million. Its adjusted earnings before interest, depreciation …
Tulsa-based Midstates Petroleum’s first quarter 2018 results showed $4 million in net income and adjusted income before interest, taxes, depreciation and amortization of $29.7 million The company also said it grew its Mississippian Lime production to nearly 18,000 barrels of oil a day in May and achieved total company production of 19,235 boepd in the …
After the Osage Minerals Council recently rejected PSO’s proposed electrical transmission line meant to carry power from the Panhandle to Northeast Oklahoma, the utility had to resort to an alternate plan. And the alternate plan isn’t making residents happy in southern Tulsa county who have organized and even created their own “Stop Windcatcher” website. PSO …
A proposed wastewater disposal well to be located north of El Reno near the Darlington school and the Cheyenne Arapaho Lucky Star Casino is being opposed by the two organizations. A company named H2OK LLC, listed by the Oklahoma Corporation Commission as headquartered in Texas, has proposed the well along highway 81. Reports indicate …
True to its reputation as of one of the top environmental progressive states in the country, California has just become the first state to require solar panels on nearly all new homes. It could mean two things—-the price of new homes in California will go up and rooftop solar power is moving beyond a …
The Permian Basin in West Texas and Southeast New Mexico has more to give according to experts and Oklahoma City’s Devon Energy is right in the middle of it. The company’s recent earnings report in which it announced the completion of the two highest-rated wells in the Delaware part of the Permian in its 100 …
The Pennsylvania supreme court ruling that said “fracking” constituted trespassing of property has a Texas company asking the court to rehear the case. Southwestern Energy Production Co. lost the original ruling in which the court ruled that hydraulic fracturing for natural gas could create liability when fluids n the fracking process flow onto adjoining properties. …
A move by environmentalists to protect a lizard in west Texas has the state’s oil and gas groups up in arms. They’re not happy about Tuesday’s move by the Center for Biological Diversity and Defenders of Wildlife to seek protection of the dunes sagebrush lizard under the Endangered Species Act. The center petitioned the U.S. …
Tulsa’s WPX Energy has launched a $400 million offering of senior unsecured notes to fund a like amount of other senior notes. The company announced Wednesday the offer is for unsecured notes due 2026. It will use the money to fund the purchase of up to $400 million of its outstanding 6.000% Senior Notes due …
The AES Corporation, operator of the Shady Point power plant near Panama in southeast Oklahoma is reporting first quarter 2018 earnings of $1.03 per share compared to a 4-cent a share loss one year ago. The Arlington, Virginia-based company with operations in 27 countries reports expansion of solar projects in the U.S. and a massive …