Harold Hamm, founder and CEO of Continental Resources Inc. in Oklahoma City says the first quarter of 2019 has been every bit successful as the company was in 2018. “We saw 2018 become the breakout year we envisioned and 2019 has proven to be equally fulfilling as our teams embrace the strategic shift to unit …
Blaine County’s latest big well was brought in by Continental Resources in an area about 3 miles northeast of the community of Greenfield. A completion report filed this week showed the Homsey 6-22-27xhm well had production of 1,629 barrels of oil a day along with 6,262 Mcf of gas. Located at 22 15N 11W, the …
Like Father, like Son. So goes the old saying but when it comes to Parent-child wells drilled in Oklahoma, it’s not always the case. Just as you have to approach the raising of a child with care, so must those drillers who attempt to replicate the success of a parent well with follow-up efforts on …
The environmental “self audit” bill supported by Oklahoma’s oil and gas industry was signed into law on Monday by Gov. Kevin Stitt. SB1003 allows oil and gas firms, chemical plants and utilities to carry out environmental “self audits,” similar to a law that has existed for many years in Texas. Supporters contend it will …
Lightning lit up an oil tank battery early Tuesday morning south of Ponca City. No injuries were reported. Game Warden Spencer Grace provided these pictures.
The Federal Communications Commission says more than 106,000 rural homes and small businesses in Oklahoma and 42 other states will get access to improved broadband service, thanks to reforms to the Universal Service Fund. “Today’s announcement means that many more rural Americans will have access to high-speed broadband service that will enable them to fully …
Houston-based Noble Midstream Partners, LP might be for sale. At least that’s according to recent reports which indicated company leaders have made the decision, but they’re not yet publicly commenting. Noble Midstream is the pipeline operator controlled by Noble Energy Inc., a U.S. oil and gas exploration and production company. Noble Midstream’s focus is in …
The ball’s back in Chevron’s court in deciding who might end up actually acquiring Anadarko Petroleum. On Monday, Anadarko’s board said it had “unanimously determined” that Occidental Petroleum’s $55 billion cash-and-stock offer would probably be “superior” to the deal agreed with Chevron last week. It would appear Anadarko is on course to take the Occidental …
Phillips 66 reported first quarter 2019 earnings of $204 million, a significant drop from the $2.2 billion reported in the fourth quarter of 2018. The company reported its adjusted earnings were $187 million compared to the $2.3 billion reported in the fourth quarter 2018. “Our first-quarter results reflect the benefit of our diversified portfolio despite …
The first quarter of 2019 report announced by Baker Hughes, a GE company reflected the slowdown in the oil and gas industry. The company reported $5.7 billion in orders for the first three months of the year, down from the $6.8 billion reported at the end of the fourth quarter of 2018. Revenue fell from …