The three-well single pad we reported earlier this week to be completed in Oklahoma’s STACK by Houston’s Oklahoma Energy Acquisitions LP was actually four wells at the same site. The company initially filed three completion reports showing production of more than 700 barrels of oil a day at 13 17N 5W in Kingfisher County …
Oklahoma City’s Devon Energy reported 2019 third quarter net earnings of $109 million or 27 cents a diluted share along with a 22 percent increase in cash flow, resulting in an increase in the full year 2019 guidance for the company. Core earnings were $103 million or 26 cents a share while the operating cash …
Dealing with more than $2 billion debt, Kansas City-based Ferrellgas now faces a move in federal court by the trustee for the company’s employee stock ownership plan to replace the entire board of directors. The company is considered one of the largest propane marketers in the nation. Reports say GreatBanc Trust Co. of Illinois made …
** The Society of Exploration Geophysicists (SEG) has sold the Geophysical Resource Center (GRC) in south Tulsa for $27 million, land records show. The center is 78,992 square feet in size and was valued at $20 million when it was formally opened in 2015. It was intended to boost the Society’s revenue stream and offer more office space to Tulsa businesses. ** The city of Las …
Gross production taxes from oil and gas in Oklahoma fell nearly 30 percent in October compared to a year ago while the state’s overall tax collections were weak, increasing by less than one percent for a second consecutive month. State Treasurer Randy McDaniel said gross production taxes on oil and gas were $71.6 million for …
Two Texas-based energy companies have been issued notices of violation by the New Mexico Environment Department over their operations in the Permian Basin. The U.S. Environmental Protection Agency also issued similar notices for the violations against Mewbourne Oil Co. which is based in Tyler, Texas and Matador Production Co. of Dallas. Both environmental agencies reported …
Canada’s TC Energy Corp reported it has recovered nearly half of the more than 9,000 barrels of oil from a pipeline leak in North Dakota. An estimated 4,300 barrels were reported recovered after last week’s leak in Walsh County which is in the northeast part of the state. “Preliminary work to expose and extract the …
Hit with a net loss of $61 million in the third quarter 2019, Oklahoma City’s Chesapeake Energy is preparing for spending cuts in its 2020 budget. The company also warned about its ability to continue as a going concern as its debt is close to $10 billion which is about four times the firm’s market …
“The Paris Climate Agreement is nothing but empty promises.” Sen. Jim Inhofe. President Trump’s formal notice that the U.S. will withdraw from the Paris Climate Agreement drew praise from Oklahoma U.S. Sen. Jim Inhofe. In a statement, the Senator said, “I have said it before and I’ll say it again—the Paris Climate Agreement is nothing …
Houston’s Oklahoma Energy Acquisitions LP, a subsidiary of Alta Mesa Holdings reported a three-well pad site in Kingfisher County with production of more than 700 barrels of oil a day. The Fazio 1705 wells, located at 13 17N 5W or about 5 miles west of Crescent had September and October 2018 spud dates. Completions …