In a $240 million deal, Alabama-based Diversified Energy Co. Plc has acquired Midcontinent assets from ConocoPhillips. The acquisition includes nearly 1,500 producing wells in Oklahoma and Texas as Diversified strengthens its central regional focus area. “I am pleased to announce another strategically-aligned acquisition at a compelling valuation in the Company’s Central Region that reinforces …
July 28, 2022 archive
Gain in rig numbers across the U.S.
The U.S. rig count rose by five in the last week to a total of 828 on July 28, according to Enverus Foundations data. The count is down 0.7% in the last month, but up 51% YOY. The number of active rigs running reached as high as 834 during the last week. The DJ …
Pilot travel centers agrees to fine over water violations
Pilot Travel Centers and the Environmental Protection Administration reached an agreement in which the firm would pay at more than $121,000 fine for violating the Clean Water Act at its truck stops. The Omaha World Herald reported the violations occurred at the Pilot Travel centers in Nebraska, Missouri and Iowa. Click here for Omaha …
Gasoline prices continue falling in Oklahoma
Oklahoma, Kansas, Nebraska and Iowa are among those states with the largest drop in average gasoline prices. Oklahoma prices plunged 25 cents while prices in Kansas dropped 26 cents per gallon according to AAA. The new average this week in Oklahoma is $3.88 a gallon compared to $4.13 a week ago. A month ago, prices …
Oklahoma inventor to repay some investors
A Judge in Oklahoma City has ordered a man to repay nearly $270,000 to investors of his gravity-powered electricity generating system. Click here for The Oklahoman
Williams shows progress toward 2030 climate commitment
Williams announced the release of its 2021 Sustainability Report, showing specific steps the company has taken toward meeting its 2030 climate commitment. In addition to providing a comprehensive review of environmental performance metrics, the latest sustainability report details the company’s focus on social and governance issues as it serves growing demand for clean, affordable …
Big energy department loan
The Biden administration handed out more government funding this week in the name of EV development. The Energy Department announced a $102 million loan to expand a Louisiana processing facility for materials used in electric vehicle batteries. Owned by Syrah Technologies in Vidalia, Louisiana, the facility will use the loan to create 150 jobs …
CHIPS bill wins approval without support of Sens. Inhofe and Lankford
A controversial “China” bill aimed at increasing microchip production in the U.S. won approval in the U.S. Senate this week without the support of Oklahoma Senators Jim Inhofe and James Lankford. Both voted against H.R. 4346, the CHIPS-Plus Act, Inhofe citing his opposition because the measure excluded adequate funding for defense. Approval came on …
Cashless tolling completed on H.E. Bailey Turnpike
As of Wednesday, I-44/H.E. Bailey Turnpike had fully transitioned to PlatePay/cashless tolling. The final leg of the conversion was completed at the Walters toll plaza Wednesday morning, meaning drivers can now travel along I-44/H.E. Bailey Turnpike from the Texas state line to Oklahoma City without having to stop to pay a toll. The transition …
New western Oklahoma gas well for Continental
Drilling in western Oklahoma by Continental Resources resulted in a Custer County gas well with production of more than 14,000 Mcf of natural gas a day. The company filed a completion report this week showing the Schrock 3-14-23-26xhm, located at 14 14N 14W, a site about 4 miles southeast of the town of Thomas. The well, …
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