Category: Oil & Gas

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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SCOTUS May Tackle Four Significant Energy Cases

The U.S. Supreme Court will begin its 2019 term next Monday with four energy-related cases potentially gaining exposure. Pipeline cases involving the Appalachian Trail, the quick take of property by developers, state land takings and the use of eminent domain for export markets could become hot topics of discussion before the nine justices. Atlantic Coast …

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Devon Reduces Oklahoma City Staff by 40

Another day…another round of layoffs at Devon Energy. The company announced on Monday that it laid off forty employees in Oklahoma City as part of its continued plan to streamline operations and realign costs, according to a story aired by KWTV-9. “Throughout 2019, Devon has made a number of bold strategic moves that will position …

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Laredo Petroleum Succession Plan In Action as Jason Pigott Assumes CEO Role

The changing of the guard is under way at Tulsa-based Laredo Petroleum Inc. with Jason Pigott leading the way on October 1. Pigott continues in his role as President while succeeding Randy Foutch as the company’s new Chief Executive Officer. OK Energy Today announced Laredo’s succession plan back on April 26, 2019. Pigott joined Laredo …

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Chaparral Reaffirms $325 Million Borrowing Base

Chaparral Energy, Inc. announced the company’s bank group has completed its regularly scheduled fall borrowing base redetermination and reaffirmed the borrowing base at $325 million. As of June 30, 2019, the Oklahoma City-based independent oil and natural gas exploration and production company had approximately $33 million in cash and cash equivalents and $85 million drawn …

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