Monthly Archive: April 2017

Quarterly Drop in Revenue for Baker Hughes

The first quarter of 2017 showed a drop of $148 million in revenue for Houston-based Baker Hughes Co.

The company reported revenue for the quarter totaled $2.3 billion, a 6% drop from the previous quarter.  Compared to the first quarter of last year, the revenue was down $408 million or 15%

The company blamed …

Continue reading »

Noble Energy Moves to Expand Holdings in Delaware Basin

Houston-based Noble Energy’s trying to expand its holdings in the Delaware Basin in far west Texas, announcing the acquisition of 64,000 acres in Reeves County.

No price was divulged but Noble made the purchase from Clayton Williams Energy, Inc. Noble has recently dedicated infield gas gathering on all of its legacy 47,000 net acres …

Continue reading »

Dozens of Charges Dropped Against Dakota Access Pipeline Protesters

A published report indicates prosecutors in North Dakota have dropped nearly three dozen cases stemming from arrests of protesters against the Dakota Access Pipeline.

The Bismarck Tribune says the 33 misdemeanor cases were dropped by judges and prosecutors and another 14 were handled through guilty pleas. The majority of the cases involving criminal trespass …

Continue reading »

State House Approves 8-year Tax Credit Extension for Aeronautics Industry

Two weeks after the legislature approved a move to cut-short tax credits for the wind industry, the State House has approved a move to extend by 8 years the tax credit for the aeronautical industry in Oklahoma.

On a 69-18 vote on Monday, the House approved SB 120. Rep. Scott Fetgatter, R-Okmulgee said his …

Continue reading »

107-Year old Mining Safety Regulations Updated in House-passed Bill

Mining safety regulations going back more than 100 years are finally being updated by the state legislature. The Oklahoma House on Monday voted 83-3 to support SB 479, a measure making changes in the regulations.

“Some go back to 1910,” explained Rep. Bobby Cleveland of Lexington. He said the State Mining Department had asked …

Continue reading »

AAA: Oklahoma is Second in the Nation With $2.15/Gallon Average

Tulsa and Oklahoma City drivers are paying less than the statewide average for gasoline, according to the latest report from AAA Oklahoma. While the U.S. average is $2.42 a gallon, the statewide average is $2.15, up six cents from one month ago. Tulsa drivers are paying $2.11 a gallon and Oklahoma City drivers are …

Continue reading »

Supreme Court Rejects Chesapeake Appeal of $439 Million Bond Judgment

The U.S. Supreme Court rejected Chesapeake Energy Corporation’s petition for certiorari on Monday, forcing the company to pay nearly $439 million to investors following a bonds dispute, according to a report by The Oklahoman.

The Oklahoma City-based company filed an appeal with the high court on February 2. Chesapeake sought a review of a …

Continue reading »

Concerns About OPEC and Domestic Production Force Lower Settlements on Monday

West Texas Intermediate crude oil futures tumbled for a sixth consecutive session on Monday as lingering worries about rising domestic production outweighed optimism about prospects for an extended agreement on output cuts by OPEC, according to Bloomberg MarketWatch.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in June fell 39 …

Continue reading »

Completion Reports April 25, 2017

 

ALFALFA COUNTY Chesapeake Operating Llc Mississippian(4990): 26 29N 9W German 26-29-9 1h, April 10, 2017 HH, TA, TD: 9689 ft Lat: 36.97044, Long: -98.13172 API: 35003223740001

Chesapeake Operating Llc Oswego-manning: Water 75 8 23N 9W Faulkner 1, April …

Continue reading »

Permits to Drill April 25, 2017

 

Blaine County SUCCOTASH 26-15N-13W #2H, April 24 2017 26 15N 13W SWSESESE API: 01123786 Lat: 35.7404247287742, Long: -98.54559573874603 PALOMA OPERATING CO INC HH, DR, 17950 ft, MISSISSIPPIAN(11255), WOODFORD(13191)

Canadian County JACKSON #1406 3H-6X, April 24 2017 07 …

Continue reading »

Older posts «