As Devon Energy reported $92 million net loss in the third quarter of the year, it still had a strong cash flow—strong enough that CEO Dave Hager says the company is capable of staying strong financially in the current economic operating environment. Even with $33 a barrel hedging. Devon’s adjusted core loss was brought …
The Oklahoma Environmental Quality Board will meet Tuesday to consider approval of its annually required Oklahoma Environmental Quality Report. Deputy Executive Director of DEQ, Jimmy Givens will give a presentation about the proposed report and the board will consider possible action. The Oklahoma Environmental Quality Code requires DEQ to prepare the annual report for …
Just as the oil and gas industry is fearful of a complete Democrat takeover of the White House, the U.S. Senate and the House, they point to what Democrat control has done in New Mexico, home to part of the prolific Permian Basin. Democrats kept their majority in New Mexico’s Senate and House after …
The September announcement by Tulsa-based NGL Energy of an expanded water solutions program in the Delaware Basin of southeastern New Mexico and far West Texas is an example of a growing need for water handling in the region’s oil and gas exploration projects. Drilling operations might have slowed dramatic in the Permian Basin due …
** Bloomberg reports oil and gas companies expect it will be more difficult to do business on federal land or obtain permits for pipeline projects under President-elect Biden. ** A new report says Nevada will be unable to reach its 2050 emissions target without more ambitious policies, according to the Nevada Independent. ** The Arizona Republic reports that Arizona’s largest …
The 2020 Virtual Annual Conference of the Interstate Oil and Gas Compact Commission is underway this week in Oklahoma City. But this year’s conference is being conducted by videoconference using the Zoom platform. The general session was on Monday’s afternoon agency while the sessions featuring speakers and discussions will be held Tuesday. Charlie Burd, …
King Aerospace, a Texas-based aviation company announced plans to built a new 90,000 square-foot-hangar at its operations located at the Ardmore Industrial Airpark. Aviation International News reported that construction will begin early in 2021 with the new hangar scheduled to be open by the middle of 2022. The new hangar will be a nearly …
The man whose criminal appeal left energy and environmental enforcement issues up in the air in Oklahoma has just been convicted in federal court, rather than the state court system. The Associated Press reported that Jimcy McGirt, 72 was convicted again of two counts of sexual abuse and one count of sexual contact and …
Barack Obama did it. So did Donald Trump And now Joe Biden, the apparent president-elect will apparently use the power of the pen to unwind President Trump’s domestic agenda, one that included many actions reversing controversial environmental policies enacted by former President Obama and one that gave a boost to the nation’s oil and gas …
Devon Energy in Oklahoma City and WPX Energy of Tulsa have received government approval of their announced merger. In a Friday update, Devon Energy stated regulatory approval to proceed from what’s known as the HSR or Hart-Scott-Rodino Act clearance came from the Federal Trade Commission and the Justice Department. The two companies also filed …
