Four years ago this week, Environmental Protection Agency contractors triggered the release of three million gallons of yellow wastewater from the Gold King Mine in southwest Colorado into the Animas and San Juan rivers. The spill flowed through New Mexico, Utah and the Navajo Nation, all of which sued the EPA for damages. Read the …
Governor Kevin Stitt announced the appointment of Kevin Corbett as the next agency director for the Oklahoma Health Care Authority. Corbett previously served as the Interim Chief Financial Officer at Lagoon Water Solutions. Prior to this, Corbett served as a senior partner and Risk Advisory practice leader with Ernst & Young, retiring in 2017 with over …
Proposed passenger rail service between Oklahoma City and Tulsa was derailed this week when Stillwater Central Railroad failed to meet a 6-month pilot program. Click here to read the story in The Oklahoman.
Tulsa’s WPX Energy reported increased oil production as well as second quarter income for 2019. Total production revenues for the quarter came to $558 million and were seven percent higher than the second quarter of 2018. Total product revenues of $1,065 million during the first half of 2019 were 15 percent higher than $927 million …
Tulsa-based Blueknight Energy Partners, L.P. announced it has received a $147 million buyout offer from Ergon, Inc. based in Jackson, Mississippi. Ergon, Inc. is a crude oil processor, transporter and marketer of refined products including asphalt. It also manufactures road maintenance products and equipment and predominant owners are members of the Lampton family including William …
Oklahoma City’s Enable Midstream Partners LP reported a decline of overall revenues for the second quarter 2019 but an increase in net income. The company had total revenues of $735 million, a decline of $70 million compared to the $805 million reported in the second quarter of 2018. Net income attributable to limited partners was …
Tulsa-based Unit Corporation reported a second quarter net loss of $8.5 million or 16 cents a share compared to $5.8 million in net income and 11 cents a share for the second quarter of 2018. The company blamed the loss on the declining prices of natural gas liquids. The company’s adjusted net loss for the …
Despite record oil production in the second quarter of 2019, Oklahoma City-based Chesapeake Energy reported a quarterly loss of a dime a share. The company had earnings of 15 cents a share one year ago. Chesapeake reported revenues of $1.45 billion for the quarter that ended in June while one year ago, its revenues …
Devon Energy reports three wells on a single pad in Oklahoma’s STACK produced nearly 3,800 barrels of oil a day upon completion. The Baker 9_6-15n-11w wells were drilled at 9 15N 11W or about 3 miles southeast of the city of Watonga in Blaine County. The largest well had production of 1,374 barrels of oil …
Oklahoma City-based Continental Resources’ second quarter earnings came in short of estimates as the company reported net income of $236.6 million or 63 cents a diluted share. Quarterly adjusted profit was down 19.7% because of weaker crude and natural gas prices that offset an increase in the company’s overall production. U.S. light crude prices averaged …