OK Energy News

Houston’s Nine Energy Service, Inc. reported second quarter 2019 revenues of $237.5 million, net income of $6.1 million and adjusted EBITDA of $38.0 million. Second quarter basic earnings per share was $0.21. Heavily involved in STACK and SCOOP drilling activity in Oklahoma, the company’s second quarter 2019 adjusted net income was …

Halliburton’s won a big drilling contract for deepwater development off the coast of Senegal. The Houston company said Woodside Energy awarded nine conditional contracts for drilling and completion services for SNE Field Development Phase 1 off the coast of the West African country. “The drilling campaign, which is due to …

As it works toward completion of a nearly $1 billion new pipeline in Oklahoma’s STACK and SCOOP plays, Houston’s Cheniere Energy Partners L.P. reported a second quarter drop in net income of $232 million. The company had net income of $281 million in the second quarter of 2018. The firm’s …

Tulsa’s Helmerich & Payne, Inc. announced that Dave Wilson, Director of Investor Relations, will attend the Susquehanna Energy, Industrials & Airline Conference on Tuesday, August 13, 2019 in New York City and the 2019 Heikkinen Energy Conference on Wednesday, August 14, 2019 in Houston, Texas. The investor slides to be …

Tulsa’s Alliance Resource Partners, L.P. announced it is shutting down operations of one of its coal mines where operations started in 1969. The company announced coal production will end August 16 at the Dotiki Mine in Webster County, Kentucky. “Unfortunately, weak market conditions made this action necessary,” said Joseph W. …

San Antonio’s NuStar Energy L.P., the company with 9,800 miles of 9,800 miles of pipeline throughout Oklahoma, Texas, Colorado and New Mexico will take part in a conference seeking new investors. Brad Barron, President and Chief Executive Officer will be joined by Tom Shoaf, Executive Vice President and Chief Financial …

A coal mining company recently submitted an application to the Bureau of Land Management (BLM) to expand the existing Pollyanna No. 8 active coal mine across “270 acres of additional Federal coal reserves located approximately 2 miles east of the town of Spiro, Oklahoma.” It is estimated that this mine …

Permits to drill filed on August 9, 2019. Caddo CountyBOWLING #1H-21-16, August 09 2019 21 10N 10W SWSESESW API: 01523314 Lat: 35.32024559434719, Long: -98.26400800891473 CITIZEN ENERGY III LLC HH, DR, 23778 ft, CHEROKEE(12500) Garvin CountyHOLLYWOOD #1-8, August 09 2019 08 4N 4W CNENW API: 04925306 Lat: 34.839236174588365, Long: -97.64450808866629 RED ROCKS OIL …

Completion reports filed on August 9, 2019. MAJOR COUNTY Sandridge Exploration & Production Llc Meramec(7384): Oil 278 Gas 271 Water 2439 Artificia L Lift31 22N 12W Hardin 2212 1-30h, February 24, 2019 HH, OIL, TD: 12585 ft Lat: 36.34698, Long: -98.51636 API: 35093251910000 Sandridge Exploration & Production Llc Mississippi Lime(8442): Oil 132 Gas 255 Water 1385 Gas Lift12 21N 16W Pannell …

The US Energy Information Administration released its short-term energy outlook this week, outlining the country’s energy production in 2019 and future production in 2020. According to an article published by Power Technology, Brent crude oil prices averaged at $64 a barrel in July 2019, falling from $74 a barrel in …