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Devon’s 2nd Quarter Report to be Released Aug. 1
Oklahoma City-based Devon Energy plans to release its second-quarter 2017 earnings on August 1 following the close of U.S. financial markets. The following day, the company will hold a 10 a-m conference call and take questions from analysts and investors. A webcast link to the call will be provided on Devon’s website, www.devonenergy.com.
Chesapeake Energy Expands Efforts at STACK’s Edge
Major County in northwest Oklahoma is not normally defined as being a part of the state’s highly-popular STACK oil play, but it’s close and two oil companies are taking advantage. The STACK is typically considered to be in Canadian, Blaine and Kingfisher counties, but Major county is adjacent to the north side of Blaine county. …
Global Warming Study Says Oklahoma Will be Hurt Economically
Oklahoma and several other states will feel the greatest impact of global warming according to a new report that studied how it will affect the U.S. Published in the journal Science, the study explored the economic pluses and minuses for more than 3,100 counties. A map that was included in the study shows the growing …
Obamaphone Program Filled With Fraud Say GAO Investigators
A phone giveaway program that has been the subject of numerous OK Energy Today stories was slammed today by the federal government which said the “Obamaphone” program was filled with fraud. The report by the General Accountability Office found that nearly a third of those nationwide who got the free phones were likely not qualified, …
Tulsa’s Summit ESP Sought by Halliburton
Tulsa billionaire George Kaiser is about to unload his Summit ESP, a Tulsa-based maker of electric submersible pump systems for oil and gas wells and the buyer is anticipated to be Halliburton. No word yet on how much Halliburton will pay for the company founded in 2010 by oilfield services industry veteran John Kenner. Officials …
State’s New 2018 Fiscal Budget Okayed by State Equalization Board
Despite legal challenges to some new state fees, including one on electric cars, the Oklahoma Equalization Board has voted to support the funding plan for the new fiscal year which takes effect on Saturday. The $6.8 billion budget prompted legal challenges on an increased tobacco fee, a new fee on electric cars and a sales …
Energy Employment Recovery is Slow and Painful in Oklahoma
New jobless figures from the government reveal the recovery of Oklahoma’s oil and gas industry is making slow progress. The Oklahoma Employment Security Commission released May unemployment numbers this week showing the rates improved over the year for most counties. McIntosh County in eastern Oklahoma had the highest county unemployment rate at 8.1 percent followed …
Chesapeake Moved Quickly To Produce Four Wells near Dover
The same week that Chesapeake Energy CEO Doug Lawler told an investors conference in New York his company’s strength is better than ever, the firm revealed the completion of four Kingfisher County wells. All four were drilled at the same site, 31 18N 6W which is about one and a half miles east of the …
Fracking Fight on Federal Land to Go Before Denver Appeals Court
The Denver federal appeals, the same one that decides Oklahoma cases issued a surprise notice Tuesday night setting a date to hear oral arguments in the fight over the Interior Department’s Obama-era fracking rules covering federal lands. The arguments will be heard July 27 in Denver in the case whether the Interior Department has the …
The Tax Credits Ignored by 2017 Oklahoma Legislature
As the Oklahoma legislature targeted the wind energy tax credits for new wind farms under construction to be eliminated on July 1, the legislators did not target what could be hundreds of millions of dollars in other tax credits in the state. Under a law created in 2011 the listing of some of those credits …