Oklahoma’s drought is growing and the U.S. Drought Monitor now has more than 23 percent of the state in an exceptional drought. The Panhandles of Oklahoma and Texas have the worst conditions according to experts at the National Drought Mitigation Center in Nebraska. Three months ago, Oklahoma had no exceptional drought listed areas. But the …
Oklahoma Gov. Mary Fallin vetoed at least two energy-related bills over the weekend that had been sent to her by the legislature including one that would have put more oil and gas money into a “Vision Fund.” House Bill 1401 called for 5% of all receipts from gross production taxes on oil and gas to …
Rig counts jumped 13 nationwide in the past week while Oklahoma’s count was up three according to figures from Baker Hughes Co. and the Independent Oil and Gas Service’s Redtop Rig Report. Oklahoma’s count grew to 138. Nationally, the count is up to 1,045 with ten more oil and 3 more gas rigs in the …
Blaine county in the STACK continues to be a blessing for Oklahoma City’s Continental Resources as the company’s latest completion reports show major production from a handful of wells. In filings made this past week, Continental again has found success in multi-pad drilling sites from wells where it previously had large producing wells. OK Energy …
Three companies have joined forces to announce plans to construct a new 65-mile long 16-inch crude oil pipeline to serve Oklahoma’s STACK oil play. Kingfisher Midstream, LLC and Blueknight Energy Partners, L.P. based in Oklahoma City and affiliates of Ergon, Inc. plan to construct the Cimarron Express Pipeline, carrying oil from northeastern Kingfisher county to …
Tulsa’s Williams board has announced a 34-cent a share dividend which translates into $1.36 annualized for the company’s common stock. It will be payable June 25 to holders of record at the close of business June 8, 2018. The new amount is a 13.33 percent increase from Williams’ second-quarter 2017 quarterly dividend of $0.30 per …
Range Resources Corporation, a Fort Worth company that has leasing goals in Oklahoma is facing problems with a major New York investment firm. Stelliam Investment Management LP informed Range Resource management this week it intends to vote against the company’s board nominees at the upcoming May 16 annual meeting. Stelliam owns 8.9 million shares …
San Antonio’s EPIC Midstream Holdings LP says it has secured strategic partnerships for its 730 mile long EPIC crude oil pipeline to carry oil from southeastern New Mexico to Corpus Christi, Texas. Three years in the making the line will run side-by-side with the EPIC Natural Gas liquids line. Apache Corporation and Noble Energy have …
Tulsa-based Cypress Energy Partners, L.P. reported first quarter 2018 revenue of $64.8 million, slightly higher than a year ago. It also indicated its saltwater business is growing, thanks to well completions in North Dakota. Leadership blamed the “seasonally low first quarter” on a low margin Canadian customer that the company elected to cease serving. …
Cleanup continues on a small oil leak that happened Thursday from a well in northwest Oklahoma City. An estimated 10 barrels of oil spewed from a well in the 17,600 block of N. Pennsylvania Avenue, drawing the attention of neighbors and eventually attracting firefighters. The yellow raw crude oil forced the temporary shutdown of Pennsylvania …