Category: Oil & Gas

OU Doubles Engineering Enrollment, Creates Strategic Plan to Promote Energy Workforce

Engineers are in high demand in the workforce. The enrollment figures at the University of Oklahoma support this upward trend. The Journal Record reported that OU’s undergraduate enrollment at the Gallogly College of Engineering doubled in size from 1,768 in Fall 2007 to 3,630 in Fall 2018. The increase is attributed to OU’s outreach and marketing …

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Unit Corporation Extends Early Tender Date for Exchange Offer

Tulsa-based Unit Corporation announced that it has extended the early tender date for its previously announced offer to exchange its outstanding 6.625% Senior Subordinated Notes due 2021 (CUSIP No. 909218AB5 / ISIN US909218AB56) for newly issued 10.000% Senior Secured Notes due 2024 and 7.000% Junior Secured Notes due 2025, according to a company press release …

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EIA Data Predicts Continued Downturn in Oil and Gas Production

A federal agency tied to the U.S. Department of Energy and responsible for analyzing official energy statistics for the government is predicting 9il and natural gas production in South Texas will continue to decline, according to a report by the San Antonio Business Journal. The U.S. Energy Information Administration predicts an average 14,000 barrel-per-day decline …

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Carl Icahn Seeks New Board at Occidental Petroleum

Texas-based Occidental Petroleum Corp. is in the crosshairs of billionaire investor Carl Icahn, according to several reports. Icahn plans to nominate a slate of ten directors to seize control of the board of the U.S. oil and gas producer. This isn’t Icahn’s first foray into board takeovers. The billionaire investor, who owns a stake in …

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Navajo Energy Company Retains 1,200 Employees With Purchase of Three Coal Mines

An American Indian and minority owned energy business says it will retain 1,200 employees at three coal mines in Wyoming and Montana. The U.S. District Court of Delaware approved the sale of Cloud Peak Energy’s assets to New Mexico’s Navajo Transitional Energy Company through a bankruptcy auction. The purchase makes the Navajo company the third …

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Permian Basin Methane Emissions To Be Studied by Advocacy Group

A comprehensive and unique data initiative organized by the Environmental Defense Fund will use advanced emissions monitoring technologies to determine how much methane is escaping from the Permian Basin and help reduce regional air and climate pollution. The year-long research effort will generate scientifically robust emissions data to map and measure the scale of the …

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Cushing Connect Pipeline & Terminal Joint Venture Formed by Plains All American and Holly Energy

Dallas-based Holly Energy Partners, L.P. and Houston-based Plains All American Pipeline announced the formation of the Cushing Connect Pipeline & Terminal LLC, according to a press release issued on Thursday. The 50/50 joint venture was created to develop and construct a new 160,000 barrel per day common carrier crude oil pipeline that will connect the …

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Midwest City Receives ACOG Grant of Nearly $50,000 for New CNG Waste Collection Truck

The city of Midwest City continues to roll out its fleet of alternative fuels with the recent deployment of a new refuse truck powered by compressed natural gas (CNG). The municipality received a grant from the Association of Central Oklahoma Governments (ACOG) to offset the expense associated with supplying the tanks and CNG system for …

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Trump Selects James Danly for Vacant FERC Panel Post

The Trump administration nominated Federal Energy Regulatory Commission General Counsel James Danly to fill the open seat vacated by the death of Kevin McIntyre. Danly was appointed as the Commission’s general counsel in 2017 after serving as an associate attorney in the energy regulation and litigation division of Skadden Arps. He served as a law …

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Contango Readjusts to Make Big Moves

Like a phoenix rising from the ashes, Houston-based Contango Oil and Gas appears to be quickly transforming to a viable energy company. Following the 2013 death of founder Kenneth Peak, the latest energy bust incarnation, financial difficulties and the prospect of new ownership, it seemed that Contango was on the ropes. Enter Fort Worth real …

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