A federal agency investigating the Jan. 22, 2018 rig explosion and fire that killed 5 workers near Quinton, Oklahoma plans to release its findings in June. The U.S. Chemical Hazard and Safety Board has already determined that some alarms on the rig were not turned on when the deadly explosion happened at Pryor Trust 0718 …
June 5, 2019 archive
Cash dividend declared by Devon Energy
Devon Energy on Wednesday declared a quarterly cash dividend of 9 cents a share. The Board of Directors approved the dividend on Devon’s common stock for the third quarter of 2019. It will be payable on Sept. 27, 2019 based on a record date of Sept. 13, 2019. Devon announced its last dividend in March …
Regulators proceeding with contempt complaint over oil leak into floodwaters
The Oklahoma Corporation Commission has started contempt proceedings against the Shanks Drilling and Production Company of Bixby over an oil leak during the flooding of the Arkansas River. The leak was observed last week and led state regulators to notify the Environmental Protection Agency of a possible violation of federal rules and regulations. A spokesman …
Williams awaits decision by New Jersey regulators on natural gas line
Williams Cos. leaders in Tulsa await a decision by New Jersey regulators regarding the company’s $1 billion pipeline that would carry natural gas from Pennsylvania to New York City and Long Island. The company already faced interference by New York Gov. Andrew Cuomo before it won approval there. It had earlier been approved by the …
Natural gas flaring at all-time high in the Permian Basin
A new report indicates natural gas flaring and venting in the Permian Basin hit an all-time high in the first quarter of 2019 and the lack of pipelines is the reason. The report by Rystad Energy showed producers burned or vented 661 million cubic feet a day in the Permian Basin that includes West Texas …
Denver company acquires more holdings in Bakken Play
A Denver-based energy company, Resource Energy Can-Am LLC has acquired assets in the Bakken Play of North Dakota. But the company isn’t identifying the seller of the assets in Divide County. It identified the assets as 19 wells with 750 net BOEPD and proved producing net reserves of 2.2 MMBOE. It makes Resource Energy’s …
Could be weeks before Oklahoma’s Port of Catoosa is reopened after floods
For three weeks, Oklahoma’s Port of Catoosa has been closed due to the flooding of the Arkansas River. And now officials say there could be an obvious impact on not just Oklahoma’s economy but those in at least 20 other states. “We are shut down on the waterway. Now the Port of Catoosa is in …
Schlumberger hopes to rebound from drop in 1Q earnings in Oklahoma and the rest of North America
With major operations throughout Oklahoma, Schlumberger Limited plans to release its second quarter earnings report in July. Leaders hope to see a reversal of downward trends reported in North America earlier in the year. The French-based company stated it will hold a conference call July 19 to discuss the results for the second quarter ending …
Investors wait to learn financial impact of HollyFrontier’s shutdown of Tulsa refinery in floods
HollyFrontier Corporation based in Dallas plans to announce its financial results for the quarter ending June 30 on Aug. 1, 2019. Investors will be eager to learn whether the company’s temporary shutdown of its Tulsa refinery due to flooding of the Arkansas River will have had a negative impact on earnings. The company also has …
OKC’s Devon Energy partners with FFA Foundation
Devon Energy is partnering with the Oklahoma FFA Foundation to put new technology in the hands of Oklahoma students. Devon is offering the 2019 FFA Technology and Innovation Grant for FFA chapters in central and northwest Oklahoma for the 2019-2020 school year. Grants up to $5,000 will be awarded to support science, technology, engineering and …
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