Kingfisher County continues to see more wells drilled and completed as the latest completion reports on file with the Oklahoma Corporation Commission showed this week. Eight more wells were completed in the county that makes up the STACK including five by Chisholm Oil and Gas Operating LLC of Fort Worth, Texas. All five were in …
A bankruptcy court judge has given approval for Houston’s Kinder Morgan Inc. to acquire a pipeline network owned by bankrupt Dallas-based Southcross Energy Partners LP in a $76 million deal. The U.S. Bankruptcy Court for the District of Delaware signed off on the acquisition last month in an announcement made this week. Other assets that …
** In Austin, Texas joint venture partners WhiteWater Midstream alongside Agua Blanca lead investor First Infrastructure Capital announced final investment decision to proceed with the expansion of the Delaware Basin Agua Blanca System. The expansion includes a 42” diameter trunkline that more than doubles system capacity to over 3 billion cubic feet per day of natural …
Forty-four new projects including 166 miles of transmission line have been approved as part of the Southwest Power Pool’s Integrated Transmission Plan for 2019. More than 120 stakeholders met recently in Little Rock, Arkansas for the annual meeting of members. The upgrades, intended to ensure reliable deliver of lower-cost generation is expected to reduce the …
The kind perspective that many major news groups give to coverage of President Trump isn’t the only example of the “spin” put on stories. Environmentalists in news agencies have their own slant on energy stories and sometimes their bias is easily displayed. Take for example the trespassing laws like those enacted by the Oklahoma legislature …
After a profit of more than $121 million in the third quarter of 2018, Denver-based Whiting Petroleum reported a loss of $19.1 million in the third quarter of 2019. On a per share basis, the loss was 21 cents according to the earnings report released this week. The adjusted net income lost more than $35 …
Plains All-American Pipeline reported its third quarter 2019 earnings were ahead of expectations even as net income for the quarter dropped 37 percent from a year ago. Net income attributable to the Houston, Texas company was $449 million for the quarter, down from the $710 million reported in the third quarter of 2018. Net income …
Enable Midstream Partners, LP reported a drop in its third quarter 2019 net income while at the same time it saw record oil production in some of its operations. The Oklahoma City company had net income of $132 million attributable to limited partners which was $6 million less than in the third quarter of 2018. …
Virginia-based AES Corporation, the firm that sold its power operation in eastern Oklahoma earlier this year reported a large jump in earnings per share for the 2019 third quarter. The company had revenue of $2.63 billion and its third-quarter profit totaled $210 million. The results were better than what Wall Street analysts predicted. Earnings per …
While most military bases in the U.S. are reporting contaminated ground water, usually from fire-fighting foam, the Pentagon has a plan to address the cancer-linked chemicals. A group of civilian researchers is exploring a high-tech solution according to a report in Military Times. The Enhanced Contact Plasma Reactor made its debut in September at Wright-Patterson Air …