Record earnings for the third quarter have been announced by Oklahoma City-based Mammoth Energy Services as net income reached $69.5 million. Total revenue was $384 million which represented a 157 percent increase over the third quarter of 2017. A year ago, Mammoth Energy reported a net loss of $800,000. The net income increase amounts to …
Keeping track of the latest small earthquakes, the U.S. Geological Survey reported a 2.5 magnitude event early Thursday morning in northern Oklahoma. It occurred at 1:37 a.m. southwest of Enid near the small town of Ames. The recorders confirmed the quake was about 2 miles southeast of Ames and at a depth of approximately 3 …
One of the operators in Oklahoma’s STACK play, Cactus, Inc. reported increased third quarter revenues totaling $150.7 million, an increase of 8.7% from the second quarter. The Houston-based company said its income from operations rose 12.1% to $52.1 million and net income came to $43.6 million Cash flow for the quarter totaled $41.6 million. Company …
In preparation for the 50th anniversary next year of putting man on the moon, NASA is in the middle of restoring its historic Mission Operations Control Room. The first group of the restored Historic Mission Control consoles will be unveiled to reporters on Thursday, Nov. 8 at Ellington Field in Houston. The control room was …
Tulsa-based Williams announced its third quarter net income totaled $129 million which was a $96 million increase over a year ago. Cash flow from operations came to $746 million, which was $41 million more than the third quarter of 2017. It resulted in a third quarter adjusted income of 24 cents a share which represented …
Oklahoma City’s Chesapeake Energy Corporation is notifying holders of certain senior notes they have a nearly $8.8 million repurchase move by the company. Chesapeake said holders of its 2.25% Contingent Convertible Senior Notes due 2038 they have the option to require the company to purchase the notes next month. The total potential cost to the …
Tulsa’s WPX Energy is reporting a 54 percent increase in third quarter oil production compared to a year ago but also $6 million in losses for the quarter. The loss figured to a penny a share on a diluted basis. However, WPX still had quarterly oil revenues surpassing half-a-billion dollars for the first time in …
Devon Exploration has filed 14 more well completion reports showing their latest productive efforts on multi-well pads in Oklahoma’s STACK play. The largest of the wells had production in the 900 barrel a day range. But the combined production is impressive. Three wells were completed in Blaine County and two were on the same pad …
The Oklahoma Corporation Commission decided Wednesday to take under advisement the request by CKenergy of Mustang to block OGE from offering service to an electrical customer in CK’s territory. Commissioners listened to arguments for two hours before deciding to consider the issue and hold a formal vote perhaps in a week to ten days. CKenergy …
NASA administrator Jim Bridenstine brought his hopes for expanded U.S. space travel to Oklahoma City this week, speaking at the Oklahoma Aerospace Forum. He repeated his push for a plan unveiled months ago of using commercial rockets for more American space exploration and travel. “Then NASA can use its money–we can use government resources—to go …