Oklahoma City’s Chesapeake Energy Corp. has been fined by the Occupational Safety and Health Administration over a deadly drilling rig explosion that happened in January in Texas. Two other oil production companies were fined along with Chesapeake Energy for a total of $387,273 over the Jan. 29 explosion that killed three workers. The …
August 2020 archive
Riviera Resources to exit upstream and focus on Oklahoma holdings
After completing over $500 million worth of asset sales since its spin off from Linn Energy, Riviera Resources Inc. is now looking to exit the upstream space altogether and focus on Oklahoma assets. In announcing its second quarter results, the Houston-based oil and gas company indicated it will continue selling its remaining upstream assets …
Aerospace study to help track methane emissions in New Mexico’s Permian Basin
A recently-completed aerospace study over the Permian Basin in southeast New Mexico will help state oil and gas regulators put more pressure on producers to ease the amount of methane emissions. Some of the companies covered in the study were Oklahoma City-based Devon Energy and XTO Energy. Permian Basin oil and gas regulators and …
Permian Basin operator fined by state of New Mexico
An oil and gas operator in the Permian Basin was fined $176,000 by the New Mexico Oil Conservation Division (OCD) for violating its permit by combining oil and gas from separate wells for storage without state approval. Matador Production was served a notice of violation on Monday for the offense the state reported took …
Promoting Oklahoma to the automotive industry
After failing to win a new Tesla Gigafactory, the state of Oklahoma plans to make a new program aimed at targeting the automotive industry. The Oklahoma Commerce Department has launched the Oklahoma Automotive Accelerator Program with hopes of locating automotive companies in the state. The program comes after Tulsa — and by extension the state …
Drone manufacturer makes new home in Wichita, Kansas
Wichita, Kansas has become the new home to one of the country’s largest publicly-traded drone manufacturers, not the kind that drops enemy-targeting bombs but the smaller kind. AgEagle Aereial Systems, a company that began in a town of less than 2,500 residents in the eastern Kansas city of Neodesha announced it is moving …
$900 million 2Q loss reported by EOG Resources
EOG Resources reported second quarter 2020 losses of more than $900 million, bigger than expected as oil prices plunged to historic lows earlier in the year because of the COVID-19 pandemic. The Houston, Texas-based company, one with major operations throughout Oklahoma reported a net loss of $909.4 million, or $1.57 per share, for the …
Cheniere Energy improves earnings from a year ago
Houston liquified natural gas company Cheniere Energy, the firm with pipeline operations in Oklahoma’s STACK and SCOOP plays turned a second-quarter profit despite an industry downturn that caused dozens of LNG cargoes to be canceled around the world. Cheniere made $197 million during the quarter compared with a $114 million loss during the …
Kansas Gas Service gives away prizes to promote National 811 Day
Kansas Gas Service, a division of Oklahoma-based ONE Gas is giving away prizes as part of its efforts to promote National 811 Day. August 11 is the national day and the company is promoting and encouraging anyone to phone 811 before they start a digging project. As the national day says, it only takes …