Ovintiv, the company with a history of large producing oil wells in Oklahoma’s STACK play announced the $4.2 billion acquisition of more holdings in the Midland Basin of Texas, while at the same time selling its Bakken assets in North Dakota in an $825 million agreement to help finance the Midland deal. The Denver, …
April 3, 2023 archive
Empire Petroleum reports improved performance in 2022
An “outstanding year across the board,” is how Empire Petroleum’s President and CEO Mike Morrisett described 2022 for the Tulsa-based company as he released fourth quarter and full year financial results. The company announced that higher net sales volumes and pricing drove a 95% increase in revenue to $52.9 million for full-year 2022 that …
Senators fight Biden administration’s expanded use of Endangered Species Act
Oklahoma U.S. Sen. James Lankford and Sen. Cynthia Lummis (R-WY) have launched an effort to redefine the choice of wording in the Endangered Species Act as they try to combat what they contend are irrational efforts of the Biden administration. The two Senators led 17 others in introduction of a Congressional Review Act resolution …
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