Devon Energy scored big in Kingfisher County, one of the three major counties comprising the STACK. The company reported two multi-well sites on a single pad this week out of the Mississippian formation with the largest well producing nearly 2,100 barrels of oil a day. But the six wells, sitting in adjacent sections had combined …
For a second time, a U.S. District Judge in Tulsa has ordered a lawsuit filed against energy companies blaming them for causing a 5.8 magnitude earthquake near Pawnee, Oklahoma, to be sent back to a Pawnee County District Court. Judge Gregory K. Frizzell issued the ruling this month in a lawsuit filed in 2016 by …
Osaka Gas Co Ltd announced it intends to buy U.S. shale gas developer Sabine Oil and Gas Corp for $610 million as the Japanese company looks to expand its overseas business for future growth, according to a Reuters report. The deal marks the first acquisition of a U.S. shale gas developer by a Japanese …
Cummins Inc. today reported record results for the second quarter of 2019 but company leaders also believe revenue for the rest of the year will be flat. Second quarter revenues of $6.2 billion for the engine builder with operations in Oklahoma City, increased 1 percent from the same quarter in 2018. Increased truck production in …
Oklahoma City-based LSB Industries, Inc. announced increased net sales and net income for the second quarter ended June 30, 2019. The company leadership reported an unprecedented operating performance for the quarter. Net sales increased 18% to $121.5 million for the second quarter of 2019, compared to net sales of $103.2 million for the second quarter …
BioKansas, the state’s life science trade organization, announced that its Board of Directors has appointed Sonia Hall, PhD as President & CEO effective immediately. “After a comprehensive nationwide search, we are fortunate to have someone of Dr. Sonia Hall’s ability and experience step up to lead BioKansas. She is a strong advocate of our mission …
EPIC Midstream Holdings, LP, the San Antonio company with major crude pipelines across the Permian Basin and the Eagle Ford is under new leadership. Brian Freed has been appointed President of the Company. Mr. Freed will report to Phillip Mezey, Chief Executive Officer of EPIC. “We are pleased to announce that Brian has joined EPIC …
National Oilwell Varco, Inc., the Houston, Texas company with operations throughout Oklahoma reported second quarter 2019 revenues of $2.13 billion, an increase of 10 percent compared to the first quarter of 2019 and an increase of one percent from the second quarter of 2018. Net loss for the second quarter of 2019 was $5.39 billion, …
ConocoPhillips reported second-quarter 2019 earnings of $1.6 billion, or $1.40 per share, compared with second-quarter 2018 earnings of $1.6 billion, or $1.39 per share. Excluding special items, second-quarter 2019 adjusted earnings were $1.1 billion, or $1.01 per share, compared with second-quarter 2018 adjusted earnings of $1.3 billion, or $1.09 per share. Special items for the …
ONE Gas, Inc. in Tulsa announced second quarter 2019 earnings this week including net income of $24.5 million or 46 cents a diluted share. It was an increase from the $20.4 million and 39 cents a share reported in the second quarter of 2018. The company stated that its net income so far in 2019 …