Author's posts
Sen. Inhofe to play direct role in Space Force development
Oklahoma U.S. Sen. Jim Inhofe could have a big hand in the creation of the U.S. Space Force under the Trump Administration. He is chairman of the Senate Armed Services Committee and one of the early opportunities to help shape the legislation will go to his committee. The Defense Department has sent the proposal to …
NORDAM gets investment to bail out of bankruptcy
The NORDAM Group Inc. in Tulsa has received financial support from a Washington, D.C.-based equity firm in helping the aerospace manufacturer get out of Chapter 11 bankruptcy. The Siegfried family will keep its 50-year ownership of the business but Carlyle Strategic Partners IV L.P. gained a 45 percent ownership of the company. NORDAM filed for …
Completion reports for March 4, 2019
Completion reports filed on March 4, 2019. CARTER COUNTY Xto Energy Inc Hewitt: Oil 2 Gas 1 Water 44 Pump 15 4S 2W Hewitt Unit 15-5702, January 05, 2019 SH, OIL, TD: 2435 ft Lat: 34.20222, Long: -97.40290 API: 35019222920001 CUSTER COUNTY Continental Resources Inc Mississippian(13145): Gas 24337 Water 1922 Flow 27 14N 14W Swartzendruber 1-27hm, December 28, 2018 HH, GAS, TD: 19122 ft Lat: …
Permit to drill for March 4, 2019
Permits to drill issued for March 4, 2019, Garvin County HINES #7-17HW, March 01 2019 20 3N 4W NENWNWNE API: 04925268 Lat: 34.724087657928685, Long: -97.64025881989153 CONTINENTAL RESOURCES INC HH, DR, 19177 ft, WOODFORD(14323) Mcclain County WILE E. COYOTE #1-1, March 01 2019 01 5N 2W SWNWSENE API: 08721897 Lat: 34.93751332628063, Long: -97.35724867485894 CHARTER OAK PRODUCTION CO LLC …
Fiery natural gas pipeline rupture in Missouri
An investigation is underway into what caused a fiery rupture of a Panhandle Eastern pipeline on Sunday in Missouri. No one was injured according to Energy Transfer LP but the blast limited capacity for Panhandle Eastern. The rupture happened north of Mexico, Missouri which is about 120 miles from St Louis. Power to several homes …
Gasoline prices keep climbing in Oklahoma and surrounding states
Oklahoma gasoline prices rose again over the past week with this week’s new statewide average hitting $2.23 per gallon, up four cents in the last week. AAA Oklahoma reports it compares to the national average of $2.43 per gallon which rose 3 cents in the past several days. Lawton’s average is up 4 cents a …
Even barbers are getting rich in the Permian Basin
We’ve all heard and read stories of how wealthy workers have become because of the oil and gas boom in West Texas. But $180,000 a year for cutting hair? It’s the story reported recently by the Wall Street Journal and is a must read: From The Wall Street Journal West Texas has seen its share of …
Encana to layoff nearly 270 workers after acquisition of Newfield
After acquiring Newfield Exploration in a $5.5 billion all-stock deal, Canadian energy firm Encana is laying off more than 270 workers at the former Newfield headquarters near Houston. The 275 job cuts will take place between now and the end of May. Newfield, the company with expansive drilling operations in Oklahoma’s STACK play had previously …
Number of earthquakes on the increase in the Delaware Basin of West Texas
Just as earthquake experts started taking a close examination of Oklahoma following its earthquakes in the past few years, scientists are doing the same in the Permian Basin of West Texas. And they’re finding a growing increase in the number of quakes in the Delaware Basin where Oklahoma and other energy companies are going at …
$5.5 million severance package for departing CEO at Pioneer Natural Resources
Who wouldn’t like a $5.5 million severance package? It’s what Timothy L. Dove got as he retired immediately last week as chief executive at Pioneer Natural Resources Co. in Irving, Texas. He held the job slightly more than two years and was replaced by the company’s founding CEO and board chairman, Scott Sheffield. Pioneer …