December 4, 2017 archive

Oil Prices Slip in U.S. but Took Bigger Drop in London

After their biggest drop since mid-November in recent days, oil prices in Monday’s trading slipped ever so slightly in the U.S. but plunged more than $1 a barrel in Europe. West Texas Intermediate crude finished the day at $57.42 a barrel, a drop of 5-cents or 0.09% for January 2018 futures on the New York …

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Quarterly Dividend Declared by Devon Energy

A quarterly cash dividend has been declared by Oklahoma City-based Devon Energy Corp. on common stock for the first quarter of 2018. The 6-cent a share dividend is payable on March 29, 2018 based on a record date of March 15, 2018.    

Hamm Says Drillers Have Accepted Fiscal Discipline

What’s Harold Hamm have to say about the energy industry in recent days? For one thing, the billionaire founder and head of Continental Resources Inc. believes energy producers have entered an era of fiscal discipline. It’s what he indicated in a recent interview on MSNBC’s ”  “Squawk on the Street” adding that drillers won’t be doing lavish …

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Pipeline Protesters Appeal to North Dakota Supreme Court

The North Dakota State Supreme Court is being asked to overturn the convictions of the first protesters sent to jail over the Dakota Access oil pipeline demonstrations. The appeals were filed by Mary Redway, 64 of Providence, Rhode Island and Alexander Simon, 27 of Lamy, New Mexico. They were convicted Oct. 19 of misdemeanor disorderly …

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Learning to Forecast When the Winds Will Blow

One wind energy company with operations in Oklahoma has learned to forecast the wind—-when it will blow and when it might not. Xcel Energy Inc., based in Minneapolis serves customers in eight Midwestern and Western states. It is considered to be a major supplier of electricity in Colorado but also has operations in Texas. In …

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New President Named at Tulsa’s WPX Energy

At Tulsa’s WPX Energy, chief operating officer Clay M. Gaspar has another title—-President. The company named him president effective Dec. 1, 2017. He joined the company in October 2014 as a senior vice president of operations and resource development. Gaspar was named WPX’s chief operating officer in November 2015. “Clay is highly regarded in our …

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EDF Signs Deal to Provide More Wind Powered Electricity to Google

Already supplying electricity to Google in Oklahoma, EDF Renewable Energy has signed an agreement to supply more power from its new Glaciers Edge Wind Project in Iowa. The project is located in northwest Iowa’s Cherokee County and should be online by December 2019.  EDF said the additional capacity of 200 megawatts of wind energy will …

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What Makes the Bakken so Attractive to Energy Firms

Just as towns and cities and counties in Oklahoma are taking economic advantage of the surge in oil and gas activity in the SCOOP and STACK, so are the businesses of North Dakota’s Bakken play. As the Bismarck Tribune reported recently, North Dakota legislators spent two days in November touring operations of four energy firms …

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Mining for Oil in Canada

To most readers, the oil flowing through the Keystone pipeline in Oklahoma to Gulf Coast refineries is just oil. But the stuff coming out of Canada that eventually will flow through the Keystone XL pipeline once it’s completed in Nebraska, South Dakota and Montana comes from tar sands. A most fascinating pictorial story of how …

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