Thursday, February 5, 2015

Oklahoma Companies Audited Profits Were $12.5 Bil For Two Years 2013 and 2012 Combined vs Audited Losses of $7.8 Bil For Two Years 2009 and 2008 Combined ..... A Two Years Earnings Improvement of a Huge $20.3 Bil

From a thorough review of SEC filings and of the Google Finance website, I found 23 Companies headquartered in the State of Oklahoma with Stock Market Capitalizations of at least $100 mil now and also with annual audited financial statements filed with the SEC which included financial information covering all years from 2008 to 2013.

The Total Audited Net Income from Continuing Operations of these 23 largest Oklahoma Companies, predominantly in the Oil & Gas Industry, was $12.5 bil in the Most Recent Two Fiscal Years 2013 and 2012 Combined, a huge $20.3 bil Earnings Improvement from the Audited Net Losses of $7.8 bil in the Two Years 2009 and 2008 Combined.

So if the question to answer is how much better off are Oklahoma Companies in the most recent two fiscal years 2013 and 2012 combined than they were during the financial meltdown years of 2008 and 2009 combined, the answer is $20.3 bil better as audited earnings and losses are measured by the very prestigious US accounting profession.

So to say that the Obama Administration and the US Fed have severely harmed the Oklahoma Oil & Gas Industry is just pure lunacy.

Below here are the Audited Net Income (Losses) of each of these 23 largest Oklahoma Companies for Fiscal Year Ends (FYEs) 2013, 2012, 2011, 2010, 2009 and 2008:





2013 2012 2011 2010 2009 2008



Audited Audited Audited Audited Audited Audited


Most Net Net Net Net Net Net

City Recent Income Income Income Income Income Income
Oklahoma Company HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)


mil $s mil $s mil $s mil $s mil $s mil $s









Williams Partners LP Tulsa Dec 13          1,070          1,232          1,511          1,188              152              191
Chesapeake Energy Corp Oklahoma City Dec 13              894           (594)          1,757          1,774        (5,805)              604
ONEOK Partners LP Tulsa Dec 13              804              888              831              473              435              626
Continental Resources Inc Oklahoma City Dec 13              764              739              429              168                71              321
Helmerich & Payne Tulsa Sep 14              709              721              574              435              286              381
Williams Companies Tulsa Dec 13              679              929          1,078              271              584          1,467
Magellan Midstream Partners LP Tulsa Dec 13              582              436              414              312              226              330
Alliance Resource Partners LP Tulsa Dec 13              393              336              389              321              192              135
Alliance Holdings GP, LP Tulsa Dec 13              392              331              386              317              190              133
BOK Financial Tulsa Dec 13              319              354              290              248              201              153
Unit Corp Tulsa Dec 13              185                23              196              146              (56)              144
Gulfport Energy Corp Oklahoma City Dec 13              153                72              108                47                24           (185)
LSB Industries Oklahoma City Dec 13                55                59                84                30                22                37
BancFirst Oklahoma City Dec 13                54                52                46                42                33                44
Sonic Corp Oklahoma City Aug 14                48                37                36                19                49                60
AAON Inc Tulsa Dec 13                38                27                14                22                28                29
Matrix Service Tulsa Jun 14                37                24                17                19                  5                31
Panhandle Oil & Gas Inc Oklahoma City Sep 14                25                14                  7                  8                11                (2)
Apco Oil & Gas Intl Tulsa Dec 13                19                39                32                26                24                24
Southwest Bancorp Stillwater Dec 13                17                16              (68)                11                13                15
Orchids Paper Products Pryor Dec 13                13                  9                  6                  6                14                  5
Devon Energy Corp Oklahoma City Dec 13              (20)           (185)          2,134          2,333        (2,753)        (3,039)
SandRidge Energy Oklahoma City Dec 13           (514)              247              162              195        (1,773)        (1,440)









Total all 23

         6,716          5,806        10,433          8,411        (7,827)                64









Two Years Earning 2013&2012

       12,522




Two Years Earning 2009&2008

       (7,763)




…Two Years Earnings Improvement

       20,285