The drilling activity in one oil and gas play in Oklahoma saw a jump of 5 rigs in the past week, reported the latest Baker Hughes Rig Count. The state went from 43 rigs last week to 46 this week but the jump of 5 rigs was recorded in the Cana Woodford where the …
Even as Coterra Energy is being taken over by Oklahoma City’s Devon Energy in what’s being hailed as a merger worth $58 billion, Coterra still plans an upcoming release of its fourth-quarter and full year 2025 financial and operating results. The firm intends to release the report on Thursday, February 26 after the market …
The Petroleum Alliance of Oklahoma normally does not issue statements or comments about mergers and acquisitions in the oil and gas industry. But after reconsideration when pressed Monday, the Alliance’s President Brook A. Simmons did issue a formal statement. “Mergers, acquisitions, and divestitures have been part of this industry since the beginning. The combination …
While Oklahoma’s Anadarko Basin is not the premiere shale play for oil and gas production in the U.S., that honor belongs to the Permian Basin, the Anadarko remains a vibrant production of energy. The merger this week of Devon Energy with Coterra Energy raised the question whether the combined company might make a renewed …
The merger of Devon Energy with Coterra Energy came as expected early Monday —an all-stock transaction with a value of $58 billion. But it will mean the loss of the headquarters which will be transferred to Houston, Texas. Still unanswered is just how many Devon employees might be lost in a move of the headquarters. …
Reaction was swift Monday morning from Oklahoma and Oklahoma City leaders following the merger announcement between Devon Energy and Coterra Energy, particularly after confirmation that the headquarters of the combined company will move from Oklahoma City to Houston. While speculation about merger talks had circulated for more than a week, the decision to …
The merger of Oklahoma City-based Devon Energy and Houston’s Coterra Energy was formally announced early today. In a stunning move, the two firms decided the new company, still retaining the name of Devon Energy, will be headquartered in Houston and not in Oklahoma City. “The combined company will be named Devon Energy and will …
The Southwest Power Pool credits “coordination” for successfully steering through Winter Storm Fern and its impact on keeping the lights on in its 14-state grid, which includes Oklahoma The SPP, in a statement, said Winter Storm Fern posed significant challenges to electric reliability across much of the country, including Southwest Power Pool’s (SPP) 14-state footprint. …
After President Trump eased some of the sanctions he imposed on the energy industry in Venezuela, crude oil prices fell more than 1% on Friday. Still, the growing geopolitical tensions in the Middle East, especially whether there might be a possible U.S. military attack against Iran, OPEC’s biggest oil partner, has the potential to …
A proposed $72 million 40-mile long transmission line between the cities of Piedmont and Luther advanced another step this week with the signing of an Interconnection Agreement by the involved parties. The deal for the 345-kV Mathewson-Redbud transmission line, expected to be finished by 2027-2028, was agreed to by Transource Oklahoma, LLC and AEP Oklahoma …
