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Adjusted earnings slipped for ConocoPhillips in 2Q
ConocoPhillips reported second-quarter 2019 earnings of $1.6 billion, or $1.40 per share, compared with second-quarter 2018 earnings of $1.6 billion, or $1.39 per share. Excluding special items, second-quarter 2019 adjusted earnings were $1.1 billion, or $1.01 per share, compared with second-quarter 2018 adjusted earnings of $1.3 billion, or $1.09 per share. The company stated that …
Halliburton signs deal for more drilling projects in Brazil
Halliburton Company, the company founded in Oklahoma 100 years ago announced the execution of an integrated services contract with Petrobras for pre-salt development in the Santos Basin off the coast of Brazil. The two-year and six month contract will provide drilling and completion services to drive greater efficiency by applying pre-salt expertise and integrating multiple …
Kinder Morgan and its pipeline issues
Like most of the pipeline companies, Kinder Morgan (KMI) continues to fight legal and regulatory battles to build its pipelines. Recently, the company sued the city of Kyle, Texas, for passing an ordinance that hampers its Permian Highway Pipeline project. Previously, Travis Mitchell, the city’s mayor, and other opponents of the Permian Highway Pipeline sued Kinder …
Southern Oklahoma wind farm operator reports 2Q increased earnings
ALLETE, Inc., the Minnesota energy company building its largest wind power site in southern Oklahoma reported this week second quarter 2019 earnings of 66 cents a share on net income of $34.2 million. The results were better than last year when the earnings were 61 cents a share on net income of $31.3 million. “We …
Permits to drill for July 31, 2019
Permits to drill issued on July 31, 2019. Garvin County SEVENTY-SIX SWD #1-14, July 31 2019 14 3N 4W SENWSWNW API: 04925304 Lat: 34.73393000711903, Long: -97.59698549165248 S & S STAR OPERATING LLC SH, DR, 7300 ft, DOUGLAS(4000), HOXBAR(6300) Garvin County HARRELL #A-9, July 31 2019 07 1N 2W CNWNENW API: 04924612 Lat: 34.578575665841875, Long: -97.45244189494687 CIMAREX ENERGY …
Completion reports for July 31, 2019
Completion reports filed for July 31, 2019. Completions: none were processed today
$85 million STACK systems purchase made by Lagoon Water Solutions
Lagoon Water Solutions; Oklahoma’s premier water midstream provider, closed on an $85 million purchase of Continental’s eastern STACK water recycling facility, gathering system and three related disposal wells in Blaine County, Oklahoma. Along with the transaction, Lagoon has entered into a long-term arrangement with Continental to gather and dispose of produced water and source recycled …
Wyoming Indian tribe fights oilfield wastewater dumping plan
An American Indian tribe opposes a company’s plan to dump oilfield wastewater upstream of a river in central Wyoming, saying the pollution could hurt business for fishing and rafting guides. Dallas-based Aethon Energy plans to put over 8 million gallons of polluted water from the Moneta Divide oil and gas field into two creeks feeding …
New partnership acquires ownership of 1,800 wells in western Oklahoma
Nearly 1,800 oil and gas wells in 32 western Oklahoma counties are under new ownership of a partnership created last year in Oklahoma. BCE-Mach II has signed a purchase and sale agreement within its new partnership with Bayou City Energy (BCE), BCE-Mach II, for the acquisition of US producing properties in Beckham, Custer, Dewey, Roger …
Natural gas expansion planned by ONEOK
Leaders at Tulsa’s ONEOK believe the future of natural gas in North Dakota is worth investing $400 million. The company plans to add to its LPG pipeline also in the Permian Basin. Plans are in place for a 40,000 barrel-a-day expansion of NGLs through the West Texas LPG pipeline in West Texas. This is in …