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Corporation Commissioner Bob Anthony celebrates re-election to historic 6th term
Oklahoma Corporation Commissioner Bob Anthony brushed back challenges by two women opponents in Tuesday’s general election and won re-election for a sixth term. The Republican received 60.04% of the 1,167,032 votes cast statewide, beating Democrat Ashley Nicole McCray and Independent Jackie Short. McCray received 34.29% of the votes while Short received 5.67%. In terms of …
State Question 800 defeated by voters
A state question calling for the creation of a reserve fund to finance education by diverting 5 percent of gross production tax collections in Oklahoma was defeated Tuesday by voters. State Question No. 800 was defeated by a margin of 57.22% against and 42.78% in favor. The number of ‘no’ votes totaled 652,984 while the …
State okays $43 million contract to replace Lake Texoma bridge
A new $43 million bridge will be built to replace a mile-long bridge over Lake Texoma following approval of a contract this week by the Oklahoma Department of Transportation. The Transportation Commission approved the contract with Jensen Construction Co. of Sand Springs to replace the 58-year old bridge spanning the border between Oklahoma and Texas. …
Mid-Con Energy reports 3Q loss in earnings but increased production
Tulsa-based Mid-Con Energy Partners announced while it saw increased oil production in the third quarter of 2018, it also had a net loss of $3.35 million. The loss was a 51.1% drop from the second quarter of the year and 51.7% decrease from the third quarter of 2017. The company’s adjusted earnings came to $7.5 …
Laredo Petroleum reports increased income and record production
Laredo Petroleum, Inc. based in Tulsa announced its 2018 third-quarter results including net income of $55.1 million or 24-cents a share. The company’s adjusted net income for the quarter was $62.4 million or 27-cents a share. Laredo indicated it had record 71,382 barrels of oil equivalent a day in production for the quarter which was …
SandRidge bails out of Permian to increase exploration in STACK
Oklahoma City’s SandRidge Energy announced this week the sale of nearly 1,500 low-performing wells in the Permian Basin along with more than 13 million shares of SandRidge Permian Trust in a $14.5 million deal. It followed up with a $25.1 million purchase of oil and gas properties, rights and assets in the Mississippi Lime and …
Magellan Midstream joins forces to build possible crude oil pipeline from Cushing to Houston
Tulsa’s Magellan Midstream Partners, L.P. joined forces this week to announce the launch of an open season on a proposed new pipeline to carry crude from Cushing, Oklahoma south to Houston, Texas. Magellan is also exploring the possibility of a second line that would carry oil from Houston to Corpus Christi. Working with Navigator Energy …
Court upholds $12 million judgment for National Oilwell Varco
A federal appeals court in Houston has upheld a more than $12 million judgment won by National Oilwell Varco, L.P., a Texas firm with major operations throughout Oklahoma. The ruling came in a lawsuit filed by NOV against Sadeesh Sadagopan, Majed Hamdan and Khaled Zantout who were accused of fradulent schemes and conspiracy. A lower …
Appeals Court rules against Audubon Society in Colorado
The 10th U.S. District Court of Appeals in Denver has upheld a ruling against the Audubon Society of Greater Denver which had challenged the government’s approval of a plan to store more water in a reservoir. In a ruling this week, the court stated the Army Corps of Engineers had complied with the National Environmental …
Small earthquake recorded in northern Oklahoma
While the Oklahoma Corporation Commission was investigating a Sunday night earthquake that eventually resulted in the shutdown of a fracking operation near Bridge Creek, a Monday morning quake was recorded in northern Oklahoma. It measured 2.7 magnitude according to the U.S. Geological Survey and the epicenter was only about a mile from the town …