S Oklahoma Gov. Kevin Stitt has named oil company leader Jerome Loughridge to be his new Secretary of Health and Mental Health. Loughridge is president of Great Plains Oilfield Rental based in El Reno. He also has worked as a White House Fellow and as a special assistant in the Office of the Secretary of …
Oklahoma City’s Chesapeake Exploration LLC has lost a major royalty battle in south Texas where it had been sued boy several royalty owners of mineral leases. The Fourth Court of Appeals in San Antonio reversed a lower court ruling and said Chesapeake should have paid a penalty for underpaying tens of millions of dollars in …
Crude oil pipeline operator Tallgrass Energy, LP in Kansas City has extended its open season as it seeks more commitments to move oil out of Wyoming and Colorado to the Cushing, Oklahoma hub. Much of the oil in question is coming out of the Powder River Basin that reaches into both states. The season applies …
Oklahoma City’s Chaparral Energy, Inc. reported a 52% increase in its STACK production in 2018 compared to the previous year. It totaled 14.5 thousand barrels of oil equivalent a day. At the same time, the company reported 2018 net income of $33.4 million or 73 cents per diluted share. Its full year 2018 full year …
A legislator’s bill designed to protect mineral rights owners from cities and counties that might attempt a ban on drilling awaits a vote this week in the Oklahoma Senate. House Bill 2150 was sent to the Senate this past week following approval on a 64 to 32 vote. The measure has had its first reading …
Oklahoma City-based Mammoth Energy Services, Inc. is reporting mixed earnings not only in the fourth quarter of 2018 but for all of 2018. Mixed in the sense its fourth quarter earnings were down but increased dramatically for the full year. The fourth quarter net income was $68 million or $1.51 per diluted share while full-year …
PSO has reached a settlement with the Oklahoma Corporation Commission on its original request for an $88 million rate hike. The agreement was reduced to $46 million in which the average residential customer will see an increase in a monthly bill of $2.38. The original request would have amounted to a $7 a month increase. …
Climate change legislation isn’t something being considered this year in the Oklahoma House and Senate but it is in New Mexico where the House approved complex measures pushing the state to a carbon-free energy generation in the next 25 years. The bill was sent this week to Gov. Michelle Lujan Grishman. Senate Bill 489 would …
With construction already underway on its nearly 200-mile Midship pipeline in Oklahoma, Houston-based Cheniere is also focusing on its LNG operations in Louisiana. The company was notified this week by the Federal Energy Regulatory Commission that it had approval for a fifth LNG train to enter commercial service at the Sabine Pass export terminal. …
Halliburton Company has signed an agreement to help develop middle management and young professional workers in Egypt. The company signed a Memorandum of Understanding this week with the Egyptian Ministry of Petroleum and Mineral Resources. It means the company will be aligned with the ministry’s Oil and Gas Modernization Program, a collaborative agreement where Halliburton …