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Newly formed KC electric utility reports big earnings
Electricity supplier Evergy, Inc., the newly-created firm based in Kansas City, Missouri says its third quarter earnings shot up from $158 million a year ago to $355 million this year. The $355 million translated to a $1.32 a share earnings, a 21 cent increase over what shares earned at the end of the third quarter …
Big jump in quarterly earnings for Tulsa’s NGL Energy Partners LP
Tulsa-based NGL Energy Partners LP announced its second quarter net income of $354.9 million—far better than the $173.6 million it lost a year ago. Net income for the quarter included a gain of $408.6 million on the sale of the company’s remaining Retail Propane segment. NGL’s second quarter ended Sept. 30 and the adjusted earnings …
Quarterly earnings up for OGE
Anyone with shares in OGE Energy Corp. received third quarter earnings of $1.02 a share according to the earnings report announced by the company on Thursday. Net earnings totaled $205 million, up from the $183 million reported a year earlier. The earnings were up from the 92-cents a share reported for the third quarter of …
Devon Energy sees $2.5 billion in 3Q net earnings
Oklahoma City’s Devon Energy reported third quarter net earnings of $2.5 billion or $5.14 per diluted share. Adjusted cored earnings came to $324 million or 65 cents a share, more than the estimates of analysts. The company stated that it’s operating cash flow totaled $807 million or 61 percent more than the third quarter …
Former legislator to become Oklahoma’s new Labor Commissioner
Tough as Nails. Sharp as a Tack. That’s how Leslie Osborn’s campaign website described her as she ran for Oklahoma Labor Commissioner. She’ll soon be in charge of the Labor Department, enforcing laws and regulations against energy companies across the state, whether they’re in the oil and gas industry, wind, coal or others. The former …
Marathon Oil not only reports big profits in 3Q but more success in the STACK
Marathon Oil’s latest STACK success might be good reason the Houston company reported this week a $254 million net profit in the third quarter. The company also filed completion reports showing three wells drilled on a single pad north of Greenfield in Blaine County, 3 15N 11W, had production of 1,347 Boed, 1,212 Boed …
Permits to drill for Nov. 7, 2018
Permits to drill for Nov. 7, 2018. Alfalfa County GUY #1-28H, November 06 2018 28 25N 11W SESWSESW API: 00323348 Lat: 36.60914645935738, Long: -98.39065156629202 AEXCO PETROLEUM INC HH, DR, 11200 ft, MISSISSIPPIAN(6000) Blaine County CHARMA 12_1-15N-11W #5HX, November 07 2018 07 15N 10W SESWSWSW API: 01124121 Lat: 35.78388929985443, Long: -98.31175930294046 DEVON ENERGY PRODUCTION CO LP HH, …
Completion reports for Nov. 7, 2018
Completion reports for Nov. 7, 2018 BLAINE COUNTY Marathon Oil Company Mississippi(10887): Oil 1212 Gas 2483 Water 2426 Flow 3 15N 11W Hr Potter 1511 4-3-34mxh, September 20, 2018 HH, OIL, TD: 21111 ft Lat: 35.79816, Long: -98.36140 API: 35011239380000 Marathon Oil Company Mississippi(10902): Oil 1347 Gas 2743 Water 2077 Flow 3 15N 11W Hr Potter 1511 6-3-34mxh, September 29, 2018 HH, OIL, TD: 21245 ft …
Arizonans reject renewable energy issue
Colorado wasn’t the only state where environmentalists lost at the polls. Voters in Arizona soundly rejected Proposition 127, an issue that would have forced electric companies to get half of their energy from renewable sources by 2030. “Arizonans support clean energy, but not costly, politically driven mandates,” said Matthew Benson, chairman of the opposition group …
Enable Midstream reports increased revenue in 3Q
Oklahoma City’s Enable Midstream Partners, LP announced its third quarter earnings on Wednesday, showing net income was $138 million, an increase of $25 million compared to the $113 million reported in the third quarter of 2017. Net cash from operating activities came to $233 million which was up $59 million from a year earlier. Adjusted …