August 11, 2021 archive

Oklahoma Corporation Commission Meeting on Thursday

Oklahoma Corporation Commissioners will hold a regular meeting Thursday morning to first consider their daily signing agenda docket followed by the 24-hour signing agenda docket. They will also receive a briefing and discussion of recent legislation affecting the Commission as presented by Brandy Wreath, Director of the Public Utility Division and Legislative Liaison. The last …

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Chesapeake to Acquire Vine Energy in $2.2 Billion Deal

Chesapeake Energy Corporation is making another big move as it announced Wednesday that the Oklahoma City-based energy company will acquire Vine Energy Inc. in a deal valued at $2.2 billion. Vine, based in Plano, Texas, is an energy company focused on the development of natural gas properties in the over-pressured stacked Haynesville and Mid-Bossier shale plays in Northwest …

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Chesapeake Raising Forecasts After Beating Wall Street Estimates for 2Q 2021

Oklahoma City-based Chesapeake Energy Corp. raised its full-year forecasts for adjusted core income and production after beating Wall Street estimates for the second quarter, according to a Reuters report. The company initiated a variable return program to deliver 50% of free cash flow to shareholders on a quarterly basis, payable in the first quarter of …

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Devon Eyeing Permian Basin Acquisition?

Devon Energy Corporation may not be finished acquiring oil and natural gas assets. According to a recent published report by Natural Gas Intelligence, the Oklahoma City-based exploration and production company along with Chevron Corp. and ConocoPhillips may be interested in acquiring a portion of Royal Dutch Shell PLC’s Permian Basin portfolio, estimated to be worth …

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SandRidge Posts 2Q21 Results, Announces Share Repurchase Program

Oklahoma City-based SandRidge Energy, Inc. announced its financial and operational results for the three and six month periods ended June 30, 2021, according to a company press release. The company’s Board of Directors approved the initiation of a share repurchase program as a means of opportunistically returning capital to shareholders. Under the program, SandRidge may repurchase …

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List of 2021 Oklahoma Fly-Ins Available for Aviation Enthusiasts

The Oklahoma Aeronautics Commission’s social media page recently published a list of fly-ins and events scheduled for the remainder of 2021. The list was produced by Experimental Aircraft Association, Inc.’s Chapter 10 based in Owasso, Oklahoma. To view the list, click here.