One Oklahoma man wants to turn the state’s pesky Red Cedar trees into electricity. He says his plan might put an end to the spread of the tree that is claiming up to 700 acres a day in the state. KFOR TV in Oklahoma City reported the story after interviewing Steve Farris. They’re the fuel …
The beliefs of one energy consultant suggest there’s too much frack sand available for the country’s oil and gas industry. As a result, frack sand prices could plunge drastically in 2019. Bloomberg News reported the claim comes from industry consultant Rystad Energy AS which predicts that West Texas sand used in hydraulic fracturing will drop …
Tulsa-based Matrix Service Co. reported a net income of $3.9 million in its latest quarterly report. It figured to 14 cents a share compared to a net income of $4.5 million or 17 cents a share compared to a year ago. Quarterly revenue totaled $341 million which was 20.4 percent higher than the $283 million …
Embezzlement and theft charges have been filed against a 56-year old Norman man who’s accused of stealing aluminum from the company where he worked and selling it to a scrap recycling center. Charges were filed this week against Michael Fabri, a welder who worked for MD Building Products in Oklahoma City. He allegedly stole …
National Oilwell Varco, Inc. is a Houston-based firm with offices in Oklahoma City and reported fourth quarter 2018 revenues of $2.4 billion. It was an eleven percent increase over the third quarter of 2018 and a 22 percent jump from the fourth quarter report of 2017. Operating profit for the fourth quarter was $87 …
Baker Hughes, a GE company announced Thursday that the Baker Hughes international rig count for January 2019 was 1,023, down 2 from the 1,025 counted in December 2018, and up 63 from the 960 counted in January 2018. The international offshore rig count for January 2019 was 241, up 7 from the 234 counted …
The board of directors of Phillips 66 has declared a quarterly dividend of 80 cents per share on Phillips 66 common stock. The dividend is payable on March 1, 2019, to shareholders of record as of the close of business on Feb. 19, 2019.
The Oklahoma Water Resources Board has put out a call for groups and towns that might want help in funding wastewater projects and those for pollution control. The Board is attempting to create what it calls the Clean Water State Revolving Fund State Fiscal Year 2020 Project Priority List. “As part of the CWSRF’s …
State Treasurer Randy McDaniel reports Oklahoma’s monthly Gross Receipts to the treasury are continuing to grow but also show the signs of an impact from lower energy prices. Gross production taxes on crude oil and natural gas were remitted last month but are from the November 2018 oil field production. He said they came at …
Oklahoma Congresswoman Kendra Horn indicated she didn’t think much of President Trump’s state of the union address. But she indicated her role in the nation’s energy sector will be important for Oklahomans. “With my appointments to the powerful House Armed Services Committee and influential Science, Space, and Technology Committee, and as chair of the Subcommittee …