March 22, 2019 archive

Devon to seek new investors at New Orleans conference

  Devon Energy leaders will be among those seeking new investors at this week’s Scotia Howard Weil Energy Conference in New Orleans. They plan to make a presentation on Monday, March 25 and it will be available to the public on Devon’s website, on Monday.

Drilling rig counts decline in Oklahoma and across the U-S

Despite the jump to $60 a barrel for oil this past week, oil and gas drilling activity across the U.S. is still sagging slightly. The latest figures show a drop of 10 rigs nationwide, down to 1,016 according to figures from Baker Hughes Co. Oklahoma experienced a decline of 2 rigs to reach 109 for …

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Rep. Mullin tries again with bill to train tower workers

  Congressmen Markwayne Mullin (OK-02) and Dave Loebsack (IA-02) reintroduced bipartisan legislation that would create a program through the Federal Communications Commission to establish or expand job training programs for communications tower service, construction and maintenance. The Communications Jobs Training Act of 2019 would provide up to $20 million in competitive grants for various universities, …

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Chicken litter and mushroom compost help clean up Tar Creek Superfund site

While the initial clamoring reports focused on “mushroom compost” being used by the EPA in its cleanup of the Tar Creek Superfund Site in northeastern Oklahoma, in reality, it was one of three ingredients used by the agency. The revelation came in a recent Environmental Protection Agency report which indicated the mushroom compost was used …

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Solar and wind industries aren’t so hot to support Green New Deal

The Green New Deal pushed by Democrats is not getting a major endorsement from many of the renewable energy companies in the U.S. Leaders of wind and solar firms think it’s unrealistic and also too politically divisive. Here’s how Reuters reports the lack of support: The cool reaction reflects the difficulty that progressive politicians vying …

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Historic pool reopens in West Texas

The giant spring-fed Balmorhea State Park swimming pool in far West Texas is back open after $2 million in repairs of damages that some once blamed on nearby oil and gas drilling. The Balmorhea State Park Solomon Springs pool reopened this past week after being closed for months while repairs were made. It is the …

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Grain Belt Express transmission line wins approval in Missouri

One of the country’s largest renewable energy projects—the Grain Belt Express transmission line has won approval from Missouri regulators. The Missouri Public Service Commission reversed its stand on the $2.3 billion project  that will carry wind-powered electricity 780 miles from western Kansas, across Missouri and Illinois to Indiana. The project had twice been rejected by …

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New director named at Oklahoma Real Estate Commission

A new director of the Oklahoma Real Estate Commission has been named. Sherry Kueffler, a former longtime investigator at the Commission got the promotion after a decision by Commission members. She had served as acting executive director since December 2018. Kueffler started working for the commission as an investigator in 1999 and was named deputy …

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Chesapeake management reports sales of company shares

  After Chesapeake Energy’s management team received hundreds of thousands of shares earlier this month, members report the sales of shares in the company. In a required filing with the Securities and Exchange Commission, CEO Robert D. Lawler reported the sale of 147,834 shares at $3.16 each. He still owns 5,033,298 shares in the company. …

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Arkansas’ Murphy Oil leaving Malaysia with $2 billion sale of holdings

  After 20 years of doing business in Malaysia, Arkansas-based Murphy Oil is getting out and selling its two subsidiaries in the country in a more than $2 billion deal. The company headquartered in El Dorado, Arkansas announced the sale of Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd to a subsidiary …

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