Williams announced this week it anticipates full-year earnings will be close to $6.4 billion, thanks to a strong third-quarter performance and expectations for the fourth quarter. The Tulsa-based company said the prediction of the full-year Adjusted EBITDA will be near the high end of its previously announced guidance range, despite recent market weakness. …
September 2022 archive
Government environmental agencies come down hard on Oklahoma City based firms
Oklahoma City companies January Environmental Services and January Transport have agreed to pay a $1.9 million civil penalty to settle Oklahoma and U.S. Justice Department claims they violated federal environmental law. Investigations by the EPA and the Oklahoma Department of Environmental Quality led to claims the two firms transported and stored hazardous wastes without …
More Iowa officials raise concerns about carbon pipelines
Growing concerns exist about three proposed carbon pipelines in Iowa. Radio Iowa reported that officials in at least 44 counties have come out publicly with their worries. Click here for Radio Iowa
Additional headlines
** 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 …
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. …
Permits to drill for September 28, 2022
Carter County WJPU #188, September 28 2022 07 2S 2W SWNENWSW API: 01926518 Lat: 34.3961757622059, Long: -97.45518843245686 MACK ENERGY CO DH, DR, 3011 ft, PENN SD(2434) Carter County WJPU #187, September 28 2022 07 2S 2W SESESWNW API: 01926517 Lat: 34.39838915103906, Long: -97.45359395112892 MACK ENERGY CO DH, DR, 3063 ft, PENN SD(2435) Carter County WJPU #185, September …