3Q results to be released by Schlumberger

Schlumberger, the European based energy firm with major operations in Oklahoma and Texas will release its third quarter financial results in mid-October. Results will be released at 6 a.m. Oklahoma time on Oct. 18 and a conference call will follow at 7:30 a.m. Central Time. The company saw its worldwide revenue increase by 5% to …

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Panhandle Oil and Gas leader resigns

Oklahoma City’s Panhandle Oil and Gas Inc. is under new leadership effective this week following the resignation of its President, Chief Executive Officer and Director, Paul F. Blanchard Jr.. On Monday, he stepped down as a member of the Board, and as President and Chief Executive Officer of the Company. The Panhandle Board of Directors …

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Newfield’s latest multi-well drilling site is in southern Oklahoma

Newfield Exploration has expanded its multi-well single-pad operations from Blaine and Kingfisher counties in the STACK to the SCOOP. The Houston company received permits to drill this week at a site near the Stephens County town of Purdy where it plans to drill up to six wells on a single pad. The permits put the …

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Judge rules against Johnson and Johnson—orders $572 million abatement plan

Amidst growing alarm over the state’s opioid crisis, one affecting virtually every industry in Oklahoma including energy, a Cleveland County judge ruled against drug-maker Johnson and Johnson, ordering it to create a $572 million abatement plan. District Judge Thad Balkman issued his ruling Monday afternoon in Norman where he declared Johnson and Johnson had violated …

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Oil falls 1% as U.S.-Iran optimism faces U.S.-China trade deal hopes

Oil prices fell 1% on Monday on the outlook for increased supply of Iranian crude after France’s president lifted hopes for a deal between Washington and Tehran, but losses were limited by optimism surrounding a U.S.-China trade deal. Brent crude lost 64 cents, or 1.1%, to settle at $58.70 a barrel, after hitting a session …

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PSO sponsored FFA training to begin in McAlester

  “What’s next?” is the theme for this year’s series of Oklahoma FFA Chapter Officer Leadership Training (COLT) conferences, which kick off August 27 in McAlester.  Public Service Company of Oklahoma (PSO) sponsors the half-day events. The leadership training is designed to equip attendees with tools to help them best serve their individual chapters during …

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ConocoPhillips to release 3Q earnings report in October

ConocoPhillips plans to release its third-quarter 2019 earnings report in October and hold a conference call webcast. The company will discuss the financial and operating results on Tuesday, Oct. 29 at 12 p.m. eastern time. The company’s results will be released before the market opens on October 29. The call will be available for viewing …

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Confidential settlements over deadly drilling rig fire will remain sealed

Families of five men killed in a massive well drilling fire in 2018 in southeast Oklahoma have reached a confidential settlement with Patterson UTI Drilling Co. And a Discovery Master has ruled the settlement will remain secret despite the efforts of a Houston energy firm to have it unsealed. Discovery Master Ted A. Knight, a …

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Protections for small lizard in the Permian Basin might disappear

  In a clash between habitat conservation for a rare lizard native to West Texas and oil and gas interests, the Trump administration, in league with officials from a major subsidiary of Exxon Mobil, appears close to quashing a state proposal favoring beefed-up species protections, according to multiple people involved in negotiations. It’s what the …

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Senator opposes Oklahoma office in DC

Oklahoma U.S. Sen. Jim Inhofe isn’t so sure he likes Gov. Stitt’s plan for a Washington office. As The Oklahoman reported this week, the Senator admitted he was surprised by the governor’s plan. “We’ve done that before. I never was very excited about it before,” he told the newspaper. “Before this day is over, I …

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