The $4.5 billion firm created as a result of the merger of Denver’s Bonanza Creek Energy , Inc. with Extraction Oil & Gas Inc. came only four years after Oklahoma’s SandRidge Energy backed out of an acquisition of Bonanza Creek Energy. It was 2017 when SandRidge and Bonanza agreed to a merger agreement …
June 8, 2021 archive
EOG Chairman to retire
After 42 years with EOG Resources, Inc., Chief Executive Officer William “Bill” Thomas is retiring from leading the Houston-based company that also has major operations in Oklahoma. He will be replaced by Ezra Y. Yacob who will not only become EOG”s CEO but will also join the Board of Directors. Lloyd W. “Billy” Helms …
New drilling planned for STACK and Southern Oklahoma
Chaparral Energy, XTO Energy and Continental Resources are among the energy firms with intentions to carry out more drilling in Oklahoma. Chaparral Energy received drilling permits for a 3-well pad site in Canadian County. The Blackburn 1207 wells will be located about 2 miles south of El Reno next to highway US 81. The …
New Mexico groups are allowed to challenge Texas power plant
A judge rules that environmentalists and a New Mexico citizens’ group can move ahead with their challenge to a proposed natural gas plant just over the Texas border. The ruling by an administrative law judge said the Sierra Club and a citizen group from Chaparral, New Mexico can challenge the pending approval of a Texas permit …
Energy news in brief
** Hundreds of protesters vowing do whatever it takes to stop a Canadian-based company’s push to replace an aging pipeline blocked a pump station Monday in northern Minnesota, with some people chaining themselves to construction equipment before police began making arrests. ** The U.S. became a net exporter of oil in 2020 following an Obama-era policy, complicating efforts to …
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