As part of its annual Give for Good fundraising campaign, Devon Energy and its employees raised over $35,000 to support Oklahomans in need. Employees participated in an online auction, punch wall fundraiser and made pledges to raise money for the Weatherford Food & Resource Center and United Way of Canadian County. “This year has presented challenges we …
Energy camp housing provider Civeo Corporation announced its Board of Directors approved a 1-for-12 reverse share split of the company’s common shares. Civeo, a company with headquarters in Houston and Canada had operations in Oklahoma’s oil and gas fields as well as other states in the U.S. The firm announced the reverse stock split …
Tulsa’s NGL Energy Partners LP turned things around in its second quarter of 2021 as the company reported $6 million of income compared to a loss of nearly $16 million in the previous quarter. NGL reported adjusted EBITDA of $138 million in the second quarter compared to $123.5 million a year earlier. “Our second …
** Devon Energy Corp. announced that management will present at the BofA Securities Global Energy Conference at 4:00 p.m. ET on Wednesday, Nov. 11, 2020. The presentation will be available to the public via webcast and will include forward-looking information. A link to the webcast will be accessible from Devon’s home page at www.devonenergy.com on the date of the …
A revamped application for flaring exceptions has been okayed by the Texas Railroad Commission as it moved to reduce flaring from oil and gas sites. Commissioners called it a “critical step” toward further reduction of flaring in the state but also explained the action applied to the request form, not to actual flaring. …
Some truckers are planning a Veterans Day strike against any possible ban of fracking by a Biden administration. “Our message is simple and hopefully effective. We fully intend to exercise our rights, and will not have politicians making crippling decisions, that will negatively affect our future and the future of our children.” StopTheTires2020 organizer …
Texas Gov. Greg Abbott made it clear to the U.S. Nuclear Regulatory Commission he does not want a nuclear storage operation in his state, nor in the Permian Basin which is one of the most productive oil and gas regions in the country. The Roswell Daily Record reported that in a Nov. 3 letter …
Tennessee-based Delek U.S. has made layoffs at its oil refinery in the St. Landry Parish of Louisiana. The Advocate in Baton Rouge reported the numbers have not been released, but the company still plans to go ahead with an investment of millions in maintenance work at the Krotz Springs refinery. Click here for story …
The Ford Motor Company’s Kansas City Assembly Plant is getting a $100 million investment by Ford Motor Company and as a result, 150 jobs will be added to build the new E-Transit van. The Detroit Free Press reported the investment is part of Ford’s plan to invest $850 million in plants in Dearborn and …
What a day for energy stocks as some soared nearly 26% as oil futures rose about 8% on news of a promising COVID-19 vaccine. West Texas Intermediate crude on December contracts finished down 35 cents or about 1% at $39.94 per barrel. Benchmark Brent crude rose $2.95 for a 7.48% gain to settle at $42.40 …
