Axios reports that oil and natural gas companies are staring down the barrel of a slowing economy, President Trump’s on-again-off-again Chinese trade war, persistently low oil prices that plunged Friday and even lower natural gas prices. Where it stands: Big Oil’s second-quarter earnings are mixed this week. European majors Total, Eni and Shell reported large drops in …
Tulsa-based Alliance Resource Partners, L.P. announced that it has completed the previously announced acquisition of oil and gas mineral interests from Wing Resources, LLC and Wing Resources II, LLC for a cash purchase price of $145.0 million. Known for its coal production in the eastern U.S., the Oklahoma company expanded its oil and gas holdings. …
Oklahoma’s oil and gas rig count continues to tumble as the latest Baker Hughes Co. rig numbers show the state dropped 5 more rigs in the past week to reach a total of 88. One year ago, Oklahoma had 137 active rigs. Other states saw a reduction in their rig counts and nationally, the numbers …
Williams announced Friday that its Transco interstate pipeline has filed an application with the Federal Energy Regulatory Commission seeking authorization for its $531 million Leidy South project, which is proposed to connect supplies of natural gas in the Marcellus and Utica producing regions in Pennsylvania with markets along the Atlantic Seaboard by the 2021-2022 winter …
As CEO of Williams in Tulsa, Alan Armstrong says the company’s second quarter earnings saw what he called “very healthy growth” in all key measures. And he has a firm belief in ” strong natural gas demand growth fundamentals that underpin our strategy.” During a recent earnings call after the company posted its report, Armstrong …
The state government says unemployment rates in June were lower than a year ago in 70 of Oklahoma’s 77 counties. They were higher in five other counties and unchanged in two counties according to a break-down of the county rates. The Oklahoma Employment Security Commission reported Alfalfa County where Alva is the county seat had …
Attorney General Mike Hunter commended the Federal Communications Commission for voting to implement rules to ban caller ID spoofing in text messages and international calls. FCC Chairman Ajit Pai originally proposed the rules to the commission in July following the recommendations of a bipartisan coalition of 42 state attorneys general, including Attorney General Hunter, in May. …
Oklahoma City-based Devon Energy filed completion reports showing oil production totaling more than 4,600 barrels a day on two adjacent multi-well pad sites in Blaine County. But the company had success with total production of more than 11,000 barrels of oil a day in Blaine and Kingfisher counties in the STACK. All four Scott 13_24-16n-10w …
As Chesapeake Energy, based in Oklahoma City, prepares to release its second quarter earnings report, one analyst expects the company will report a loss in earnings. The prediction comes from Zacks Equity Research which believes earnings will be down. Chesapeake Energy Corporation CHK is scheduled to release second-quarter 2019 results on Aug 6, before the opening …
Oklahoma City-based Mammoth Energy Services, Inc. experienced a drop in total revenue in the second quarter of 2019. The company had revenue of $181.8 million, down from $262.1 million for the three months of 2019. It was also down from the $533.6 million compared to the second quarter of 2018. Net loss for the three …