With the completion of its $1.1 billion sale of its 50% ownership interest in Access Pipeline, Devon Energy expects the proceeds to beef up its investment-grade balance sheet. It also means the investments will put the Oklahoma City-based energy company in a position to get higher benefits from the STACK and other resource-rich U.S. areas. The …
Skyrocketing prices of Chesapeake Energy shares are getting some attention in the stock market. As Seeking Alpha notes, Chesapeake shares have jumped 50% in the past three months and it’s largely due to a “rally in natural gas pricing.” The investment company says Chesapeake Energy is likely to reap the benefits of a growing …
Tulsa-based Samson Resources has encountered some opposition from the U.S. Trustee in its Chapter 11 bankruptcy case filed last year in the District of Delaware. At the same time, the Department of Interior is objecting too. The Interior Department told the judge in the case that Samson Resources corp. must pay $136.9 million and get the department’s …
A total of $3.5 million in fines for criminal clean air violations will be paid by four companies in eastern Texas. The violations occurred from 2008 until 2012 at two Southeast Texas oil and chemical processing facilities and involved one tank explosion that killed a worker. The companies entered guilty pleas in federal court. KTX …
Oil futures fell Wednesday as uncertainty over Russia’s willingness to cut production and a monthly rise in output from OPEC members sent prices lower for a second consecutive session, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, November West Texas Intermediate crude fell 61 cents, or 1.2%, to settle at $50.18 a barrel after …
Blaine County FLEENOR 9_4-15N-10W #1HX, October 12 2016 17 15N 10W SENENENE API: 01123670 Lat: 35.78192723392312, Long: -98.27923562516081 DEVON ENERGY PRODUCTION CO LP HH, DR, 21379 ft, MISS’AN (EX CHESTER)(10535), WOODFORD(11229) Blaine County MOWERY #1-36H, October 12 2016 36 15N 11W NENENWNW API: 01123669 Lat: 35.73897877411792, Long: -98.3272625342477 CONTINENTAL RESOURCES INC HH, DR, 16259 ft, …
Thursday has been proclaimed an “Oilfield Prayer Day” by Oklahoma Gov. Mary Fallin, but Democratic critic Rep. Richard Morrissette says it should be a day to pray for no more earthquakes. “I think we should all pray on the 14th to have one day in Oklahoma when we have no earthquakes,” said the legislator who …
The Oklahoma Natural Gas Company will avoid $8.5 million in fines over a January natural gas pipeline explosion as part of a $1,010,000 agreement announced Wednesday before a Corporation Commission Administrative Law Judge. Just as Judge Michael Porter opened the contempt hearing to receive evidence on three citations issued by the Corporation Commission, attorney Mark …
General Electric, the company that just dedicated its new oil and gas research center in Oklahoma City just agreed this week to spend $1.65 billion on wind energy. The company announced it will buy one of its suppliers of wind turbine blades from British private equity shop Doughty Hanson and Company. It’s a move that …
The Standing Rock Sioux Tribe lost its attempt this week to convince a federal appeals court to block construction on part of the Dakota Access pipeline that runs through North Dakota. The D.C. Circuit court of Appeals had listened to tribal arguments last month but the judges said they would not permanently stop construction of …
