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Nine Energy wraps up $493 million purchase of Magnum Oil Tools
One of the operators in the STACK and SCOOP plays of Oklahoma, Nine Energy Service has finished its acquisition of Magnum Oil Tools International, LTD. Nine Energy bought the company in a $493 million deal including a combination of nearly $334 million in cash as well as 5 million shares of Nine common stock. Magnum’s …
Increased 3Q earnings for Phillips 66
Third quarter earnings were up for Houston’s Phillips 66 as the company reported earnings of $1.5 billion, up from the $1.3 billion reported in the second quarter of the year. The company said excluding special items of $36 million in the third quarter, its adjusted earnings were $1.5 billion. “We demonstrated the value of our …
Devon and Continental Resources report big wells in the STACK
Devon Energy is reporting success in Oklahoma’s STACK play with three wells in Blaine County including one with production of nearly 2,200 Barrels of oil a day. Devon also reported six new wells in Kingfisher county. The largest well was the Coyote 3_10-16n-12w 1hx located at 3-16N-12W or about 4 miles north of Watonga near …
Completion reports for Oct. 25, 2018
Completion reports for Oct. 25, 2018. BLAINE COUNTY Continental Resources Inc Mississippian(12256): Oil 102 Gas 18410 Water 3397 Flow 35 14N 13W Wr 1-35-26xhm, April 16, 2018 HH, GAS, TD: 23636 ft Lat: 35.63887, Long: -98.54446 API: 35011238890000 Devon Energy Production Co Lp Mississippian(10196): Oil 1848 Gas 4961 Water 922 Flow 3 16N 12W Coyote 3_10-16n-12w 2hx, February 24, 2018 HH, OIL, TD: 20827 ft Lat: …
Permits to drill for Oct. 25, 2018
Permits to drill for Oct. 25, 2018. Blaine County OPPEL #1610 5H-24X, October 25 2018 24 16N 10W NWNENWSW API: 01124112 Lat: 35.84747664155365, Long: -98.22226631042383 NEWFIELD EXPLORATION MID-CON INC HH, DR, 17652 ft, MISSISSIPPIAN(9474) Canadian County LEON TREECE #2-29MH, October 25 2018 29 14N 5W NENENWNW API: 01725288 Lat: 35.66682197596849, Long: -97.75900688716757 RED BLUFF RESOURCES OPERATING LLC …
OKC to be home to I-T firm bringing 150 new jobs
Governor Mary Fallin today welcomed the announcement by Rural Sourcing, the leading provider of U.S.-based information technology outsourcing services, that it will open a development center in Oklahoma City. The center will create 150 software development jobs that will provide solutions to Real Sourcing’s Fortune 1000 and technology clients. This decision equates to a more …
PSO Crews returning home from Florida after Hurricane Michael
Public Service Company of Oklahoma crews are on their way home after spending the past two weeks helping restore electrical power to residents hard hit by Hurricane Michael in the Florida Panhandle. The 120 PSO employees left Thursday. They represent the company’s Tulsa, Lawton and McAlester Districts and left Oct. 9 for Pensacola, Florida. There, …
Judge orders government to talk with environmentalists
A Federal judge in Colorado has ordered the U.S. Bureau of Land Management to renew negotiations with environmental groups who filed suit to stop the government from opening hundreds of thousands of acres of federal land in Colorado to oil and gas exploration. U.S. District Judge Lewis T. Babcock recently ruled in a lawsuit …
Small earthquake recorded near Coyle in Logan County
Oklahoma’s latest earthquake was Thursday morning near the Logan County town of Coyle and measured 2.7 magnitude. The U.S. Geological Survey recorded it at 5:26 a.m. and was only about a mile in depth. The epicenter was .3 mile west of Coyle and about 12 miles northeast of Guthrie. The quake is in the area …
Showing off McClellan-Kerr Waterway
A little P-R effort will be undertaken Friday in an effort to show off the state’s major waterway system in eastern Oklahoma. The Tulsa Port and the Port of Muskogee are joining together to host elected officials for a luncheon and barge excursion. Local, state and federal officials, as well as other area business leaders will …