Kansas City Southern announced that it has rejected a $31 billion bid by Canadian Pacific Railway Limited because it does not constitute a “company superior proposal” for the railroad, according to a press release issued by the company on Thursday. Instead, the KCS Board of Directors voted unanimously to proceed with a $33.6 billion merger …
August 2021 archive
Evergy announces Senior Executive leadership change
Evergy, Inc. announced Lesley Elwell will join the company as Senior Vice President and Chief Human Resources Officer. In this role, Elwell will lead Evergy’s Human Resources organization, with an emphasis on talent strategy, employee engagement, organizational development and performance management. She will report to David Campbell, Evergy’s President and Chief Executive Officer. …
Rig counts grow nationally—especially in the Permian and Appalachia Basins
The number of rigs running in the U.S. rose by eight in the last week to a total of 575 as of Aug. 11, according to Enverus Rig Analytics. The count is up 7% on the month and up 104% on the year. Major plays with the largest week-over-week increases were in Appalachia and …
New Mexico and U.S. Environmental Protection Agency collaborate with Sceye on air quality monitoring initiative
New Mexico and U.S. Environmental Protection Agency (EPA) announced an innovative initiative proving once again that in New Mexico, the sky is no longer the limit. The Environment Department (NMED), Economic Development Department (EDD) and U.S. EPA signed a first-of-its kind memorandum of understanding that allows for collaboration related to air quality research. “Under this partnership, …
Lankford calls out Biden for harming US oil independence
Senator James Lankford (R-OK) issued the following statement after the White House urged OPEC+ to ramp up crude production to counter the spike in oil prices: “A year ago, when the national average for gas prices was lower, and our government sent a strong signal to American producers that we wanted them to maintain our …
Completion reports for August 12, 2021
GRADY COUNTY Continental Resources Inc Woodford: Oil 196 Gas 240 Water 3557 Flow 24 6N 5W Cooley 5-24-25-36xhw, March 03, 2021 HH, OIL, TD: 25710 ft Lat: 34.98150, Long: -97.67206 API: 35051246970000 Continental Resources Inc Woodford: Oil 328 Gas 379 Water 4061 Flow 22 6N 5W Sparks 2-22-27-34xhw, April 04, 2021 HH, OIL, TD: 21175 ft Lat: 34.97412, Long: -97.71546 API: 35051247050001 STEPHENS COUNTY Continental Resources Inc …
Permits to drill for August 12, 2021
Hughes County LORRAINE #2-34/27H, August 12 2021 03 7N 11E SENESWNE API: 06324935 Lat: 35.11130662485117, Long: -96.12845427578736 TRINITY OPERATING USG LLC MU, DR, 15110 ft, MISSISSIPPIAN(4250), WOODFORD(4550), SYLVAN(4630), HUNTON(4650) Hughes County LORRAINE #1-34/27H, August 12 2021 03 7N 11E SENESWNE API: 06324934 Lat: 35.1112516774167, Long: -96.12845427279558 TRINITY OPERATING USG LLC MU, DR, 15835 ft, MISSISSIPPIAN(4250), WOODFORD(4550), SYLVAN(4630), …
Energy news in brief
** The Biden administration is considering a ban on new public land mining claims on millions of acres of sage grouse habitat, potentially affecting future lithium mining projects. ** U.S. Sen. Kevin Cramer of North Dakota introduces a budget amendment that would prohibit the Biden administration from releasing rules or guidance to ban hydraulic fracturing. ** California regulators expect the state’s …
Ascent Resources Posts Net Loss of $617 Million for 2Q 2021
Oklahoma City-based Ascent Resources Utica Holdings, LLC reported its second quarter 2021 operating and financial results and reaffirmed its 2021 guidance on Wednesday, according to a company press release. Ascent is one of the largest private producers of natural gas in the United States and is focused on acquiring, developing, producing, and operating natural gas and oil …
Nine Point Energy’s Williston Basin Assets Acquired by Bowline Energy
August has led to a flurry of activity in the U.S. energy industry. Bowline Energy LLC, a private exploration and production company, recently announced the purchase of Nine Point Energy’s Williston Basin assets. The purchase was effectuated through a Chapter 11 bankruptcy process approved by the judge on August 9, 2021. “The Williston Basin remains one of …