In its August 2021 short-term energy outlook, the U.S. Energy Information Administration forecast U.S. inventories of natural gas will reach 3,592 billion cubic feet (Bcf) by November 1, the beginning of the winter heating season. This amount is 159 Bcf below its previous five-year average (2016–2020). Above-average withdrawals of natural gas from storage in the 2020–2021 …
August 2021 archive
U.S. Energy Information Administration Issues August 2021 Short Term Outlook
The U.S. Energy Information Administration issued its short-term energy outlook on Tuesday. The report highlights include: GLOBAL LIQUID FUELS The August 2021 short-term energy outlook remains subject to heightened levels of uncertainty related to the ongoing recovery from the COVID-19 pandemic. U.S. economic activity continues to rise after reaching multiyear lows in the second quarter …
Oklahoma Corporation Commission Meeting on Thursday
Oklahoma Corporation Commissioners will hold a regular meeting Thursday morning to first consider their daily signing agenda docket followed by the 24-hour signing agenda docket. They will also receive a briefing and discussion of recent legislation affecting the Commission as presented by Brandy Wreath, Director of the Public Utility Division and Legislative Liaison. The last …
Chesapeake to Acquire Vine Energy in $2.2 Billion Deal
Chesapeake Energy Corporation is making another big move as it announced Wednesday that the Oklahoma City-based energy company will acquire Vine Energy Inc. in a deal valued at $2.2 billion. Vine, based in Plano, Texas, is an energy company focused on the development of natural gas properties in the over-pressured stacked Haynesville and Mid-Bossier shale plays in Northwest …
Chesapeake Raising Forecasts After Beating Wall Street Estimates for 2Q 2021
Oklahoma City-based Chesapeake Energy Corp. raised its full-year forecasts for adjusted core income and production after beating Wall Street estimates for the second quarter, according to a Reuters report. The company initiated a variable return program to deliver 50% of free cash flow to shareholders on a quarterly basis, payable in the first quarter of …
Devon Eyeing Permian Basin Acquisition?
Devon Energy Corporation may not be finished acquiring oil and natural gas assets. According to a recent published report by Natural Gas Intelligence, the Oklahoma City-based exploration and production company along with Chevron Corp. and ConocoPhillips may be interested in acquiring a portion of Royal Dutch Shell PLC’s Permian Basin portfolio, estimated to be worth …
SandRidge Posts 2Q21 Results, Announces Share Repurchase Program
Oklahoma City-based SandRidge Energy, Inc. announced its financial and operational results for the three and six month periods ended June 30, 2021, according to a company press release. The company’s Board of Directors approved the initiation of a share repurchase program as a means of opportunistically returning capital to shareholders. Under the program, SandRidge may repurchase …
List of 2021 Oklahoma Fly-Ins Available for Aviation Enthusiasts
The Oklahoma Aeronautics Commission’s social media page recently published a list of fly-ins and events scheduled for the remainder of 2021. The list was produced by Experimental Aircraft Association, Inc.’s Chapter 10 based in Owasso, Oklahoma. To view the list, click here.
Oshkosh AirVenture an Adventure for Ada Aviators
Representatives from Ada’s flying community had an opportunity to meet with state and national aviation leaders at the 2021 EAA AirVenture event held last week in Oshkosh, Wisconsin, according to a report published in The Ada News. Dr. Tre Landrum, a local physician, Chris Eckler, Ada High School aviation instructor, and Tanner Gilliam, an Ada …
Test Drives Offered During OGE’s Recent EV Ride & Drive Event
More than 125 people attended an EV Ride & Drive event hosted by OGE on Saturday, August 7 at the OSU-OKC Precision Driving Training Facility, according to a published report in The Journal Record. The event offered a free test-drive experience in a Tesla Model 3, Tesla Model Y, Volkswagen ID.4 or Volvo XC40 Recharge …