Here’s what the oil and gas industry means to one part of Texas—-a 2.1 percent jobless rate! It’s in the Midland and Odessa areas of West Texas—home of the Permian Basin. The Texas Workforce Commission released figures showing the unemployment in the Midland metropolitan statistical area dropped to 2.1 percent in March from 2.2 percent …
Halliburton’s first quarter 2019 net income easily topped the first quarter of 2018 but the company’s total year to year revenue was flat. The Houston company said its net income so far this year was $152 million or 71 cents a diluted share compared to the $46 million and 5-cents a diluted share reported in …
With the legislature still in session, a big deadline’s approaching and it could have an impact on at least two bills that focus on water. As the Oklahoma Farm Report indicates, the Oklahoma Farm Bureau is paying close attention. Click here for the story.
While Blaine, Canadian and Kingfisher counties that make up Oklahoma’s STACK play get most of the publicity about large wells, one company’s finding some moderate success just outside the STACK. EOG Resources Inc., the Oklahoma City company with the motto “pleased but not satisfied, reports five new wells in Ellis County where Shattuck is the …
Gasoline prices held steady in most of Oklahoma in the past week with an average of $2.59 a gallon but in Tulsa, prices dropped 5 to 6 cents a gallon. AAA Oklahoma recorded Tulsa’s average at $2.55 and indicated it was 5 cents cheaper than a week ago. GasBuddy’s survey indicated the Tulsa average was …
The 35 year old Chinese national arrested in January and accused of stealing trade secrets from Phillips 66 where he worked in Bartlesville was supposed to go to trial this coming week. But a new date of May 20 has been set in the case against Hongjin Tan, according to records on file at the …
After months of being quiet since he resigned amidst scandals at the Environmental Protection Agency, former administrator Scott Pruitt has surfaced. The former Oklahoma Attorney General has become a registered lobbyist for a coal company in Indiana. Pruitt lists himself as a self-employed consultant and his only client is RailPoint Solutions LLC. Read the full …
Talks are underway at Kinder Morgan as the company wants to build a third natural gas pipeline serving the Permian Basin. Chief Executive Officer Steven Kean told investors this week demand continues to surge for gas takeaway capacity and natural gas production has outgrown the pipeline capacity. “Demand to get gas out of the Permian …
Holly Energy Partners, L.P. announced its 58th consecutive quarterly distribution increase. The board of directors declared a cash distribution of 67 cents per unit for the first quarter of 2019. It’s two cents more than the distribution declared for the first quarter of 2018. Holly Energy, a firm with a refinery in Tulsa as well …
Oklahoma City’s Chesapeake Energy has declared a quarterly dividend and also announced it will release its financial results on May 8. The dividends are on the company’s outstanding convertible preferred stock issues as shown below: 4.50% 5% 5.75% 5.75% (Series A) NYSE Symbol CHK Pr D N/A N/A N/A Date of Original Issue September 14, …