Category: Oil & Gas

$25 million share buyback completed by Ascent Resources

  Ascent Resources, LLC announced the final results and expiration of its previously announced “unmodified reverse Dutch auction” tender offer to purchase for cash up to $25 million of some of its common shares. The offer by the Oklahoma City-based oil and gas firm included the Company’s Series A units and Series B units at …

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Trump moves quickly to reverse Biden’s EV mandate and other energy restrictions

  Drilling in Alaska, reversing Biden’s EV mandate, lightbulbs, dishwashsers, toilets and gas stoves—-all were targeted Monday by President Donald Trump in his executive orders signed within hours after he was sworn into office for a second term at the White House. On day one of his second presidency, Donald Trump signed executive orders reversing …

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Judge keeps lawsuit against Devon Energy and Nabors Drilling in New Mexico federal court

  Two and a half years after a derrickman working at a Devon Energy well site in New Mexico was killed, a lawsuit against the energy company and Nabors Drilling Technologies USA, Inc. continues in New Mexico federal court. The family of Jose Martin Moreno, Jr. sued Devon, Nabors and a man identified as Matthew …

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Energy briefs

** Former chairman of the Virginia State Corporation Commission, Mark Christie, was tapped by President Donald Trump to lead the independent Federal Energy Regulatory Commission on Monday.  Christie has served as a commissioner on FERC for four years and before that, he was chairman of the Virginia State Corporation Commission, a body that he served …

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Trump uses inauguration speech to promote “drill baby drill”

President Donald Trump wasted little time after being sworn in as the nation’s 47th President to get right to the point about how he will deal with energy in the United States. “The inflation crisis was caused by massive over-spending and escalating energy prices, and that is why today I will also declare a national …

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Alliance Resource Partners to release 4Q earnings

  The largest coal mining company in the eastern U.S., Alliance Resource Partners, L.P. headquartered in Tulsa, will release its fourth quarter 2024 financial results before the market opens on Monday, February 3, 2025. The company leadership will hold a conference call to discuss the results at 9 a.m. Central Time. ARLP is a diversified …

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Only two of the nation’s oil plays saw a gain in rig activity

  Oklahoma’s Granite Wash play was one of two plays nationwide that saw a gain in active oil and gas drilling, according to the latest Baker Hughes rig count. The Granite Wash added one rig for a total of 9. The Eagle Ford play in South Texas also gained one rig to reach 44. Baker …

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Standard Lithium gets $225 million grant for South Arkansas

Standard Lithium Ltd., one of the major firms carrying out lithium development in south Arkansas just closed on a $225 million grant from the Biden administration’s Department of Energy as he goes out the door to be replaced by Donald Trump in the White House. Standard Lithium and Equinor, a global energy leader jointly own …

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Ovintiv prepares for 4Q earnings report release

  The fourth quarter and year-end results for Ovintiv Inc. will be released late next month. The oil and gas company, with active exploration in Oklahoma plans a release on Wednesday, February 26 after the close of markets. A conference call will be held the next day, Thursday, February 27 at 8 a.m. central time. …

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Landowners in Wyoming get possible push back ability in eminent domain for energy

  Oklahoma landowners who have joined forces to fight eminent domain used by renewable energy developers and utilities behind large transmission line projects are not alone in their efforts. Take for instance what has happened in Wyoming where legislators got the message and approved an eminent domain bill to stop companies that are not public …

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