Author's posts
Renewed fight against WOTUS enters Texas federal court
A fight over WOTUS, Waters of the United States, the controversial rule enacted by the Obama administration has entered federal court in Texas. As Ron Hays of the Oklahoma Farm Report indicated, farm groups are asking the court to come down against the 2015 rule that expanded the federal government’s control over private land nationally. …
Hyperloop proposed to link Kansas City and St. Louis
Plans have been unveiled for a Missouri Hyperloop linking Kansas City with high-speed transportation along Interstate 70 to Columbia, Missouri and St. Louis. Black and Veatch released its feasibility study after 9 months of reviewing the possibility of such a transportation line. A report by the Kansas City Business Journal indicated the study claimed the …
Schlumberger reports increased earnings in 3Q
Houston-based Schlumberger Limited reports a 2% increase in third quarter earnings of $8.5 billion. The company said its pretax operating income was $1.2 billion which was a 5% increase sequentially. But operations in Oklahoma and Texas didn’t produce the realized revenue that the company was anticipating. Cash flow from operations totaled $1.8 billion leading Paal …
Holly Energy reports 56th straight dividend increase
With crude oil gathering and storage operations in Oklahoma, Dallas-based Holly Energy Partners, L.P. announced an increase of its quarterly dividend for the 56th consecutive quarter. The company declared a cash dividend of 66 cents a share for the third quarter of 2018 which was a 3.1% increase over the third quarter 64 cent dividend …
Halliburton reports “flat” earnings for 3Q
Halliburton Company reported third quarter earnings of $435 million or 50 cents a diluted share. The Houston company with major operations in Duncan, Oklahoma and offices throughout the state considered revenue to be flat. It’s a drop from the $511 million reported in the second quarter of the year when the earnings were 58 cents …
Quakes struck the region over the weekend including a 4.0 quake in the Texas Panhandle
At least three earthquakes were reported over the weekend in Oklahoma, Missouri and Texas. The U.S. Geological Survey indicated at 3.1 magnitude earthquake struck Saturday morning at 7:47 with an epicenter a few miles west of the Post Oak in southern Oklahoma. The epicenter was also about 19 miles southwest of Ardmore with a depth …
Oil well leak contaminates creek near Purcell
The oil leak into Turkey Creek in Purcell involved an estimated 45 barrels of oil from a production tank over the weekend. Matt Skinner, a spokesman with the Oklahoma Corporation Commission indicated the oil came from a tank and well operated by January Investments, LLC of Norman. A total of about 132 barrels of oil …
Gasoline prices take an 8-cent plunge in Oklahoma
With national gasoline prices reaching an average of $2.85 a gallon, prices have fallen in Oklahoma to an average of $2.61, down 7 cents in the past week. Oklahoma’s average is the same in Texas while prices are slightly higher in Kansas where the average is $2.67. Missouri’s down to $2.59 a gallon and the …
Another big find by Continental Resources in the SCOOP
One of Continental Resources latest successes revealed in a completion report on file with the Oklahoma Corporation Commission shows production of more than 1,600 barrels of oil a day. And it was the company’s latest discovery in the SCOOP. The Triple H 2-30-31hs well is located about 8 miles east of Chickasha next to State …
Completion reports for Oct. 19, 2018
Completion reports for Oct. 19, 2018. DEWEY COUNTY Devon Energy Production Co Lp Mississippian(10186): Oil 344 Gas 1136 Water 1968 Flow 25 19N 16W Shelby 24_13-19n-16w 1hx, June 01, 2018 HH, OIL, TD: 19753 ft Lat: 36.10041, Long: -98.85198 API: 35043235750000 Devon Energy Production Co Lp Mississippian(10186): Oil 344 Gas 1136 Water 1968 Flow 25 19N 16W Shelby 24_13-19n-16w 1hx, June 01, 2018 HH, OIL, TD: …