Devon Energy Corp. reported its 2022 operating cash soared 74% and free cash flow for the year reached its highest level in company history. Devon reported net earnings of $1.2 billion, or $1.83 per diluted share, in the fourth quarter of 2022. As a result, Deon said its fixed-plus-variable dividend payout more than doubled …
Calling it a “new era” in remote asset monitoring for the oil and gas industry, WellChecked, a company headquartered in Tulsa, announced it teamed up with Spot.AI by reselling its artificial intelligence camera system technology. The strategic collaboration combines WellChecked’s experience in oil and gas video monitoring with Spot.AI’s video AI and edge processing …
Ethanol plant operators are trying to make the case that without carbon-capture pipelines across Iowa, they will eventually be forced to close in the coming decade. The Des Moines Register reported on a new economic report that contended Iowa’s ethanol industry would lose three-fourths of its production if three proposed carbon-capture pipelines are not …
Colorado residents are learning it will cost them a lot of money to go green as pushed by Gov. Jared Polis in his Greenhouse Gas Reduction roadmap. Now some 8,000 owners of large buildings across the state are being told they will have to cough up more than $3 billion by 2050 in order …
** The Biden administration confirmed Feb. 13 that the U.S. Energy Department (DOE) will be selling 26 million barrels of oil from the Strategic Petroleum Reserve (SPR) in an attempt to counter forthcoming Russian oil production cuts — and to provide preventive relief for another potential summer gas price surge. ** Ford Motor Tuesday said it’s pausing …
Oklahoma City’s Canvas Energy LLC is showing its success in oil and gas exploration in the STACK play with another producing well—this time in Canadian County. After reporting two wells on a single pad that produced more than 1,400 barrels of oil a day in Kingfisher County, Canvas Energy filed completion reports this week …
Vital Energy, formerly known as Laredo Petroleum, announced the acquisition of assets of Driftwood Energy Operating, LLC in a $127.7 million cash deal that also included an exchange of 1,578,948 shares of Vital common stock. The company said the transaction is expected to close in early April of this year with an effective date of …
Williams announced that it has closed its acquisition of MountainWest Pipelines Holding Company from Southwest Gas Holdings, Inc., in a transaction including $1.07 billion of cash and $0.43 billion of assumed debt, for an enterprise value of $1.5 billion. MountainWest comprises roughly 2,000-miles of interstate natural gas pipeline systems primarily located across Utah, Wyoming …
Canadian County ANDES 1206 #3LMH-28, December 06 2022 28 12N 6W SWNWNENW API: 01725889 Lat: 35.49232479593258, Long: -97.84336487307652 CANVAS ENERGY LLC HH, AM, 14500 ft, MISSISSIPPIAN(8761) Canadian County ANDES 1206 #4LMH-28, November 04 2022 28 12N 6W SWNWNENW API: 01725872 Lat: 35.49232479816217, Long: -97.8434152599918 CANVAS ENERGY LLC HH, AM, 14500 ft, MISSISSIPPIAN(8801) Grady County PLAINVIEW #1-30-19XHW, February …
CANADIAN COUNTY Canvas Energy Llc All Zones Producing: Oil 595 Gas 6587 Water 1442 Flow 28 12N 7W Blackburn 1207 4smhx-28-33, October 11, 2021 HH, OIL, TD: 17828 ft Lat: 35.48590, Long: -97.93965 API: 35017256790000 DEWEY COUNTY Blake Production Company Inc Red Fork(9507): Oil 391 Gas 1531 Water 1031 Flow 15 17N 17W Big Dog 1717 1-15-10xhm, July 23, 2022 HH, GAS, TD: 15620 ft Lat: …
