Category: Oil & Gas

Williams and Chevron reach deal for increased natural gas production

  Williams announced that it has executed agreements with Chevron U.S.A. Inc. to support natural gas development in the prolific Haynesville Basin as well as the deepwater Gulf of Mexico. Williams will provide natural gas gathering services to Chevron’s 26,000-acre Haynesville dedication while Chevron has agreed to a long-term capacity commitment on Williams’ Louisiana Energy …

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Devon plans to focus on where the oil is—the Delaware Basin

  After reporting a historic cash flow in 2022, Oklahoma City’s Devon Energy made it clear where it intends to invest most of its capital and efforts in 2023—The Delaware Basin. Specifically, New Mexico’s side of the Basin. In its recent fourth quarter financial results report, Devon stated it had average production of 407,000 Boe …

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Environmentalists pressure BlackRock to eliminate fossil fuel investments

  BlackRock Inc., the company that became the poster boy after it discriminated against investments in oil and gas firms, faced more pressure this past week from environmentalists to exit investments in fossil fuels. BlackRock’s actions prompted the  Oklahoma legislature to adopt last year the Energy Discrimination Elimination Act. During the financial conference where BlackRock …

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Energy briefs

** The Biden administration turned down a request for federal disaster assistance from Ohio Gov. Mike DeWine in the aftermath of the train derailment in the state earlier this month that led to a large release of toxic chemicals. ** Transportation Secretary Pete Buttigieg shifted part of the blame for the recent derailment of a train carrying toxic …

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Crude oil prices slipped Thursday and OK energy stocks were weak

  Another drop in oil prices. They settled lower on Thursday as the market wonders on a buildup in U.S. crude stockpiles plus whether there might be a Chinese demand recovery. West Texas Intermediate crude fell 10 cents to $78.49 a barrel on the New York Mercantile Exchange. Brent crude, the global benchmark, lost 24 …

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Crews remain at site of Keystone pipeline leak in Kansas

  Cleanup crews remain at the site of the Keystone pipeline rupture in Kansas two months after 55,000 barrels of oil spilled into a creek. NPR affiliate, KMUW reports about 4 miles of  the Mill Creek remain closed while workers pull oil-covered ice and water from the creek near the city of Washington. Click here …

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Enverus data shows nationwide loss of oil and gas rigs

  The latest Enverus rig report showed a decline in the Anadarko Basin, contributing to the loss of at least 10 rigs nationwide in the past week. The U.S. count fell by 10 to 843 during the week ended Feb. 15 according to Enverus Foundations data. The count is down 4% last month and up …

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BP takes over Travel Centers of America truck stops

  The TravelCenters of America located in Oklahoma, 2 in Oklahoma City and one in Sayre, will soon be under new ownership following a $1.3 billion acquisition by BP. BP and TravelCenters of America reached agreement in which BP will acquire all of the outstanding shares of TA common stock for $86 a share in …

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Hamm to be honored at Energy Workforce conference in Austin

  Oilman Harold Hamm will be honored at the April annual meeting of the Energy Workforce and Technology Council to be held in Austin, Texas. Hamm will receive the Platinum Award given for outstanding leadership in the oil and gas industry. Energy Workforce plans to celebrate Hamm’s dedication to the industry as well as his …

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Devon—it’s all about commitment to shareholders

  With historic cash flow reported in the 4th quarter for Oklahoma City’s Devon Energy, one thing is clear…the company’s commitment to its shareholders. It was repeated during this week’s conference call by Rick Muncrief, President and CEO who addressed investors and reporters. ‘I want to be clear that there’s no change to our disciplined …

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