Oklahoma City’s Devon Energy Corp. announced that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the first quarter of 2020. The dividend is payable on March 31, 2020, at a rate of $0.09 per share based on a record date of March 13, 2020.
New Energy Secretary had support of Oklahoma U.S. Senators
Oklahoma U.S. Sens. Jim Inhofe and James Lankford voted this week in support of the confirmation of Dan Brouillette to be the man replacing Rick Perry as Secretary of Energy. The vote was 70-15 in favor of confirmation of Brouillette who is a former lobbyist for Ford Motor Company. He is President Trump’s second secretary …
Chesapeake gets $1.5 billion loan
With nearly $10 billion debt, Oklahoma City-based Chesapeake Energy Corporation announced Wednesday it obtained a $1.5 billion loan from four different banks. The loans came from JPMorgan Chase Bank,N.A., Morgan Stanley Bank, N.A., Bank of America, N.A. and MUFG Bank, N.A. ” to assist with the arrangement of a secured first lien last out 4.5-year term …
State government leaders quiet about Halliburton layoffs
The head of the Petroleum Alliance of Oklahoma says this week’s move by Halliburton to shut down its El Reno operations should be a warning to state leaders. But the state leaders aren’t commenting publicly. “This announcement is a reminder that no state, no community, no company is immune from negative impacts when you have …
DEQ’s deadline for Clean Diesel and Alternative fuel bus grants is Friday
The Oklahoma Department of Environmental Quality says Friday, December 6 is the final deadline for school districts to apply for $3 million in funding for alternative fuel grants. The grants are designed to help school districts replace old diesel school buses with new diesel, gasoline or alternative fuel school buses. Information about each is available …
Oil and gas keep flowing from new Oklahoma wells
The latest completion reports filed with the Oklahoma Corporation Commission show Newfield Exploration Mid-Con Inc. has more success in the STACK, while Fourpoint Energy in western Oklahoma and EOG Resources in McClain County brought in wells. EOG Resources Inc. reported two wells on a single pad at 7 9N 4W in McClain County or about …
Halliburton layoffs to have minor impact on Oklahoma jobless rate
Halliburton’s layoff of an estimated 800 workers sounds like a lot but one official in Oklahoma says it will likely have only a minor impact on the state’s jobless rate. “While the layoff is of course a significant blow to the families and local communities involved an increase of unemployment of 800 would have a …
Slowdown forces Halliburton to close El Reno operations and make layoffs
Only four years old, Halliburton Energy Services’ Remote Operations Command Center near El Reno will be a complete shutdown following this week’s announcement of the layoff of about 800 workers. Many of the workers were based out of the center but actually worked in Texas, Kansas and Colorado in addition to Oklahoma. Workers had heard …
Energy news in brief
** Minnesota Gov. Tim Walz forms a climate change subcabinet to get the state back on track to meet emission-reduction goals set in 2007. ** A saltwater spill in North Dakota last week occurred at a gas plant disposal well that was abandoned in the 1980s. ** Oil industry groups plan to “vigorously challenge” proposed federal changes that reallocate waived biofuel volumes. ** A House …
Illinois River floods again
(Steven Van Worth for the Tulsa World) The Illinois River in eastern Oklahoma rose to minor flood level range over the weekend, making it the 18th time in the past 12 months that the river hit a warning stage. Rainfall amounted from 1.5 to 2.5 inches on Saturday in northwest Arkansas and northeast Oklahoma resulting …