Williams reported that the Federal Energy Regulatory Commission (FERC) has issued a certificate of public convenience and necessity authorizing the Northeast Supply Enhancement project – an expansion of the existing Transco natural gas pipeline designed to serve New York markets in time for the 2020/2021 winter heating season. The Northeast Supply Enhancement project will provide …
Oklahoma City’s Chaparral Energy has lost a federal court appeals in a legal fight in which a court ruled the company had underpaid royalty owners by deducting gas-treatment costs. The 10th Circuit Court of Appeals upheld the Oklahoma City federal court ruling in a case brought by Naylor Farms in 2011. As the lawsuit pointed …
Arkansas-based Murphy Oil reported first quarter 2019 net income of $40 million or 23 cents per diluted share. Adjusted net income for the company headquartered in El Dorado was $27 million or 15 cents per diluted share. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) from continuing operations attributable to Murphy, totaled $311 million, …
Both chambers of the Oklahoma Legislature have passed a bill requiring the State Dept. of Education develop a rubric for implementing quality computer science programs in public schools by the end of 2019. Senate Bill 593, by Sen. Gary Stanislawski, R-Tulsa, and Rep. Jeff Boatman, R-Tulsa, also requests the State Board of Education to set …
The U.S. oil and gas rig count dropped again in the past week while the number of active rigs in Oklahoma added one to reach 103 rigs. Baker Hughes Co. reported the national count slipped by one to reach 990, down 42 rigs from a year ago when there were 1,032 active oil and gas …
Nearly 5 months after it brought in a well producing more than 2,000 barrels of oil a day, Marathon Oil Company filed a completion report with the Oklahoma Corporation Commission. The Stephens County well is in the Springer play located at 10 2N 4W in an area south of Lindsay. Initial production on the Papa …
Tulsa’s Unit Corporation is making a shift to focus more heavily on oil production while at the same time reporting first quarter 2019 net losses of $3.5 million or 7 cents per diluted share. The loss compares to net income of $7.9 million or 15 cents a share in the first quarter of 2018. …
Kansas City-based Tallgrass Energy, LP, the firm with extensive pipeline operations carrying oil to the Cushing hub, was named one of The Denver Post’s Top Workplaces. The company has extensive operations in Colorado and Wyoming where it moves crude out of the DJ Basin. The honor was the fifth consecutive year for Tallgrass to …
Oklahoma City’s Blueknight Energy Partners, L.P. plans to release its first quarter financial results this month. The report will be released after the close of markets on Wednesday, May 8, 2019. Company management will hold a conference call on Thursday, May 9 at 10 a.m. CDT to discuss the results. Investors await word whether the …
Nearly two years after Oklahoma City’s Mammoth Energy responded to the tragedy caused when Hurricane Maria hit Puerto Rico, the company is still there. And its efforts to restore electrical power to the nation have been rewarded in part by lawsuits against the company, even as Puerto Rico still owes hundreds of millions of dollars …