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 …
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 …
Not only did the nation see an increase in its oil and gas rig activity in the past week, but Oklahoma saw a jump as well. Oklahoma went from 43 rigs last week to 46 rigs this week, according to the latest Baker Hughes Rig Count released Friday. It compares to the state’s rig count …
** The death toll from last week’s winter storm and the blizzard that hit the eastern part of the US over the weekend stood at least 60. The confirmed deaths CBS News cited were linked to a familiar list of winter hazards: hypothermia, vehicle crashes, snowplow incidents, sledding accidents, and sudden cardiac emergencies associated with …
When Representatives and Senators meet Monday for the start of the Oklahoma legislative session, they will await the pounding of the gavel in their respective chambers declaring work is underway on more than 1,000 bills, and nearly 70 of them will deal with the state’s energy challenges. They range from the controversial data centers …
A well blowout near Blanchard resulted in the evacuation of some residents late Thursday. According to KOCO TV News and Facebook, it was late in the afternoon when the Blanchard Fire Department created at one-half mile evacuation area which included the Winter Creek Golf and Country Club. The evacuation was near County Road …
Crude oil prices reached more than $70 a barrel after a 3% gain and settled at a five-month high because of increasing worries that global supplies would be disrupted if the U.S. attacks Iran, one of OPEC’s biggest crude producers. Reuters reported U.S. President Donald Trump is weighing options against Iran that include targeted strikes on …
