“Devon’s top priority in 2016 is to protect the balance sheet.” Dave Hager, CEO and President.
Layoffs will total 1,000 including 700 in OKC.
Company’s debt reaches $7.7 billion.
4th quarter losses hit $4.5 billion.
Devon’s unloading more a…
February 16, 2016 archive
New Earthquake Plan Implemented by State
The Oklahoma Corporation Commission on Tuesday announced its latest plan in trying to reduce the number of earthquakes believed linke to wastewater disposal wells in the state, a plan covering an estimated 5,200 square miles and 245 disposal wells.
Th…
Cities Want Feds to Stop Gas Drilling Around Lewisville Lake
Environmentalists and some cities around Dallas are asking the federal government to stop gas drilling under Lewisville Lake, claiming it could create hazardous conditions for the lake dam that is ranked by the government as the nation’s eighth most ha…
Ethanol Industry Boasts of Helping National Economy
While Oklahoma has no ethanol manufacturing operations, the U.S. ethanol industry added $44 billion to the nation’s gross domestic product in 105 according to a new study by ABF Economics. It also supported nearly 360,000 jobs.
The study was re…
Ethanol Industry Boasts of Helping National Economy
While Oklahoma has no ethanol manufacturing operations, the U.S. ethanol industry added $44 billion to the nation’s gross domestic product in 105 according to a new study by ABF Economics. It also supported nearly 360,000 jobs.
The study was released…
Energy Programs Among those Cited as Wasteful Govrenment Spending by Rep. Steve Russell
Nothing is sacred in Oklahoma U.S. Rep. Steve Russell’s Waste Watch No. 4 that was released this week, detailing some $75 billion in what he calls “waste, cost overruns, and other misspending,” including solar-powered beer or the sale of plastic bags f…
Sierra Club Sues Energy Companies Over Earthquakes
More than 90 days after warning three energy companies, the Sierra Club Oklahoma has filed federal suit blaming Devon Energy, Chesapeake Operating and New Dominion for earthquakes in central and northern Oklahoma.
The suit was filed in Oklahoma City f…
Oklahoma to Feel Impact of Iran’s First Oil Export Shipment
Oil producers in Oklahoma and the rest of the nation will soon feel the impact of competition from Iran as the country made its first crude oil shipment after the nuclear agreement was reached with the Obama administration. The shipment went to E…
Oklahoma to Feel Impact of Iran’s First Oil Export Shipment
Oil producers in Oklahoma and the rest of the nation will soon feel the impact of competition from Iran as the country made its first crude oil shipment after the nuclear agreement was reached with the Obama administration. The shipment went to Europe …