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Wind farm operator agrees to pay $2.2 million in taxes
The Rock Falls Wind Farm near Blackwell in northern Oklahoma has agreed to pay more than $2.2 million in taxes and give up on on a proposed plan to avoid paying taxes. The money will be divided among school districts and other governments in Kay and Grant Counties. The company, EDF Renewables had earlier contended …
Rig counts grow in Oklahoma and across the nation
The number of oil and gas drilling rigs in Oklahoma rose by 4 in the past week as the state’s count reached 148. Nationally, the count jumped by 14 to hit 1,081. Oklahoma’s count compares to 123 rigs reported a year earlier. The nationwide increased included 12 more oil rigs, reaching a total count of …
Permits to drill for Nov. 9, 2018.
Permits to drill for Nov. 9, 2018. Canadian County MILLER #1MH-11, November 09 2018 11 12N 9W NWNWNWNW API: 01725314 Lat: 35.53614494302804, Long: -98.13078783778577 CASTELL OPERATING COMPANY LLC HH, DR, 16846 ft, MISSISSIPPI(11800) Grady County WHEELER FARMS #1-25-36-1-12XHS, September 21 2018 25 7N 6W NWSESWSW API: 05124486 Lat: 35.04497394724349, Long: -97.79062681214769 CONTINENTAL RESOURCES INC HH, AM, 25781 …
Completion reports for Nov. 9, 2018
Completion reports for Nov. 9, 2018. BLAINE COUNTY Marathon Oil Company Mississippi(9988): Oil 902 Gas 2314 Water 2487 Flow 3 15N 11W Hr Potter 1511 5-3-34mxh, September 29, 2018 HH, OIL, TD: 21422 ft Lat: 35.79857, Long: -98.35495 API: 35011239530001 Marathon Oil Company Mississippian(9582): Oil 537 Gas 929 Water 1752 Flow 28 16N 11W Pendergraft Bia 1611 1-28mh, March 20, 2018 HH, OIL, TD: 15785 ft …
Cooperatives get part of $1.6 billion in USDA loans
Three electric cooperatives serving Oklahoma customers are among 46 nationally getting part of $1.6 billion in loans approved by the U.S. Department of Agriculture. The largest is $133 million loaned to KAMO Electric Cooperative Inc. in Vinita. The money will be used to improve transmission lines serving customers in northeast Oklahoma and southwest Missouri. A …
Anadarko unloads midstream assets in $4 billion sale
Houston’s Anadarko Petroleum is unloading nearly all of its midstream assets in the Permian Basin in Texas and New Mexico and the DJ basin Colorado. It’s selling them to its master limited partnership Western Gas Partners for $4.02 billion. The sale includes pipelines and Western Gas will take over complete ownership of DBM Oil Services …
Cheniere Energy reports a 3Q profit following a loss a year earlier
Cheniere Energy, Inc., a Texas-based company with major operations in Oklahoma reported $65million net income in third quarter 2018 following a reported loss a year earlier. The company said its per share value had a 26-cent profit. The company indicated total revenues for the quarter came to $1.8 billion, up from the $1.4 billion reported …
Dividend okayed by Williams
Shareholders in Tulsa’s Williams Companies are getting a new dividend, courtesy of the board of directors. The board voted to support a regular dividend of 34 cents a share or $1.36 annualized. It will be payable on Dec. 31, 2018 to those who are holding shares at the close of business on Dec. 14, 2018. …
New Cushing pipeline one of two to be built by Phillips 66
Phillips 66 and Bridger Pipeline LLC are looking for customers for their proposed Liberty Pipeline to carry crude oil from the Rockies and Bakken production areas south to Corpus Christi, Texas. And Phillips is planning a new line in Oklahoma. The two have also announced a joint open season for the line to carry up …
Midstates says 3Q income grew but it’s taking a ‘pause’ in the 4Q
Tulsa’s Midstates Petroleum Company, Inc. reported its third quarter 2018 net income totaled $11.5 million or 44 cents a share., much better than the $3.7 million and 14-cents a share earnings a year earlier. It also was an improvement over the second quarter of 2018 when the company reported a net loss of $1.5 …