On the same day Devon Energy released its financial earnings reports and started layoffs of 1,000 workers, the company also made an upsized public offering of 69,000,000 shares of its common stock at a price to the public of $18.75 a share. At the end …
Changes in the executive leadership at Devon Energy Corp. and ConocoPhillips were announced this week. The Devon announcements were lost in the news that the company laid off 700 workers at its headquarters and 1,000 company wide.
Darryl Smette, exec…
Billionaire George Soros doesn’t like what he sees financially in Oklahoma City-based Chesapeake Energy and this week dumped his shares in the company.
The founder of Soros Fund Management LLC also withdrew stakes in Chevron Corporation and NRG Energy…
The layoffs of at least 700 workers at Devon Energy’s headquarters in downtown Oklahoma City should be complete by week’s end. But the total number of layoffs in the company will be 1,000 and another 600 could be affected when the energy company sells …
“2015 provided an extremely challenging business environment for our industry.” Dave Hager, CEO and President.
Despite laying off 1,000 workers amidst the energy downturn, Devon Energy CEO and President David Hager on Wednesday sounded optimi…
Oklahoma City-based Seventy Seven Energy Inc., the spinoff from Chesapeake Energy a few years ago reported Wednesday a drop in fourth quarter 2015 earnings as well as total revenues for 2015 and an increase in losses. And at the same time, it confirmed…
A week before it is scheduled to release its 2015 earnings report, financially-challenged SandRidge Energy, Inc. announced it chose to exercise a grace period and defer making nearly $22 million in interest payments that were due on Tuesday, Feb. 16, 2…
The state’s new earthquake plan for disposal wells in northwestern Oklahoma gets the support of Oklahoma House Speaker, Rep. Jeff Hickman.
In a statement issued Tuesday, he called it appropriate action by the Oklahoma Corporation Commission.
“The Cor…
The same day the Oklahoma Corporation Commission unveiled a new and larger earthquake plan targeting disposal wells in northwestern Oklahoma, the Governor’s Coordinating Council on Seismic Activity announced the awarding of a research grant to create a…
In announcing a new earthquake plan covering 245 wastewater injection wells, State Corporation Commission officials said this week they were finally getting out ahead of some of the quakes.
“This plan is aimed not only at taking further action in resp…
