** Environmentalists celebrated Wednesday as Sen. Joe Manchin, D-W.Va., admitted defeat in his effort to attach a measure that would make it easier to build energy infrastructure to must-pass government funding legislation. ** The US urged energy infrastructure operators, including LNG carriers heading for Europe, to be on high alert after suspected sabotage hit gas pipelines connecting Russia and …
September 29, 2022 archive
Ovintiv gets approval for extended share buyback effort
Denver-based Ovintiv Inc. , the Colorado company with huge success in Oklahoma’s Kingfisher County, announced it has received regulatory approvals for the renewal of its share buy-back program involving nearly 25 million shares. In announcing the approval, Ovintiv said the action is consistent with the company’s capital allocation framework, which supports the goal of unlocking …
Big Garvin County producer reported by Marathon Oil
Marathon Oil Company filed a completion report indicating it found a big producing well in Garvin County, one with more than 2,000 barrels a day of oil production. The Yoshi 0304 2-5-32sxh, located at 5 3N 4W, a site 5 miles southwest of Lindsay, was completed Feb. 20 of this year with production of 2,040 barrels …
Diversified Energy wraps up closing on ConocoPhillips holdings in Oklahoma and Texas
Steady production is what Alabama-based Diversified Energy company leaders expect from their recent $240 million acquisition of ConocoPhillips Company assets in Oklahoma and Texas. The deal was finalized this week according to Diversified’s announcement. It involved a purchase price of $240 million before customary purchase price adjustments and and acquisition net purchase price of …
Devon finishes $1.8 billion acquisition of smaller firm in South Texas
Devon Energy Corp. announced that it has completed its previously announced acquisition of Validus Energy, an Eagle Ford operator, for a total cash consideration of $1.8 billion, less purchase price adjustments. This acquisition secures a premier acreage position of 42,000 net acres (90% working interest) adjacent to Devon’s existing leasehold in the basin. Current …
Kansas excavating company hit with EPA cleanup order
A southeast Kansas excavating company is under EPA orders to clean up the huge pile of broken concrete it dumped into wetlands adjacent to a tributary of the Neosho River. Michael Skillman, owner of Victory Excavating in the Coffey County town of New Strawn was hit with the EPA order reported the Kansas Reflector. …
- 1
- 2