Author's posts
Oil and Gas Community Pitches In to Help Wildfire Victims
The oil and gas community has pitched in over the past few weeks in helping residents deal with the deadly and devastating wildfires in northwest Oklahoma. “The last three days our little county has been literally burning to the ground and while people were losing a lifetime of hard work and livelihood, the oilfield stepped …
Wildfires Leave $1.6 million Damage to Western Farmers Electric Cooperative
While rain helped firefighters gain more control of the two monstrous wildfires in northwest Oklahoma, the fires have caused an estimated $1.6 million to the Western Farmers Electric Cooperative. In a recent update, WFEC said the fires destroyed lines and utility poles. The most significant damage was in Dewey County where it totaled $745,000 to …
Court Rules Fracking Gas Without Permission is Trespassing
Oklahoma City-based Chesapeake Energy leaders might be wondering about the impact of a Pennsylvania Superior Court ruling on their operations in the state. The Court has ruled a natural gas drilling company trespassed by operating a well through which hydraulic fracturing was used to remove natural gas from beneath the property of a family next …
Schlumberger reports drop in 1Q Earnings
Schlumberger Limited reported its first quarter 2018 revenue totaled $7.8 billion, a drop of 4 percent compared to the fourth quarter of 2017 and a 14 percent decline from a year ago. The Paris-based company with a major offices in Oklahoma City said its pretax operating income of $974 million took a 29% nose …
Halliburton Reports 1Q Income of $46 million
Halliburton says it had first quarter 2018 income of $46 million on its worldwide operations including those in Oklahoma and Texas. The income figured to be $0.05 per diluted share. The $46 million compares to a $32 million loss reported in the first quarter of 2017 or $0.04 per diluted share. The adjusted income excluding …
Wind Leader Accuses House Leadership of Deceit and Duplicity
House leadership at the Oklahoma state capitol has reportedly turned down economic concessions made by the wind industry in a fight over taxes. Mark Yates, Oklahoma Director of the Wind Coalition says if the House follows through with its plans it will be “recorded as one of the darkest years in our history.” It’s the …
Late Completion Filing Shows Large Well in Kingfisher county
The latest completion reports published by OK Energy Today indicate at least a dozen oil wells drilled and producing for Oklahoma Energy Acquisition in Kingfisher County. But all were actually drilled last summer and completed in the fall. So the company was just filing the reports. The largest of the wells was the Themer 1706 …
Shakeup at SandRidge Energy’s Board
Amidst Carl Icahn’s takeover attempt at Oklahoma City’s SandRidge Energy, the company chairman John V. Genova has retired immediately over the past few days. Michael L. Bennett is the new chairman. He has been a director of the company since October 2016. The board of directors also named Kenneth H. Beer to be a new …
How Scott Pruitt Used a Shell Company to Buy an OKC Mansion
With a growing debate among Oklahomans whether it’s piling on to report the criticism of the way Scott Pruitt has been the administrator of the EPA, there is a report now that is critical of the way Pruitt did things when he was a state legislator and Oklahoma Attorney General. The New York Times …
Wind Company Leader Speaks Against Wind Tax
Another wind industry leader is speaking out against possible plans in the Oklahoma legislature to put a tax on wind farm operations. He is Ron Flax-Davidson who is chairman and CEO of PNE Wind USA,Inc. a firm based in Chicago. The company is in the process of building the Chilocco Wind Farm to be located …