Ovintiv, the Houston-based company with major offices in Denver, Colorado plans to release its fourth quarter earnings report on Tuesday, Feb. 28 of this year. The 8 a.m. Central Time release will be made after the market close on Monday, Feb. 27, 2023. Ovintiv is coming off a whopping $1.19 billion in third quarter …
Category: Oil & Gas
Headlines of other stories
** The parent of Liberty Utilities still plans to pursue its Kentucky Power acquisition but also is cutting its dividend 40%. ** More than 140 people have filed complaints against a Tennessee solar company that’s now under investigation in three states. ** Texas natural gas generators did better during last month’s cold snap than in the …
Colorado boosts cleanup funding required of oil and gas producers
Colorado has taken steps to require more money from oil and gas producers to insure there is adequate funding for the cleanup should the well be abandoned. The state is now increasing the amount of money companies need to put forward, often in the form of bonds, to pay for plugging and reclaiming their wells …
Chesapeake Energy sells South Texas ops in $1.4 billion cash deal
Oklahoma City’s Chesapeake Energy Corp. reportedly agreed to sell part of its operations in the Eagle Ford play of South Texas to private equity-owned Wildfire Energy in a $1.4 billion cash deal. Reuters reported the story Wednesday, indicating it was based on “people familiar with the matter” and what they said. Chesapeake had been …
Ovintiv’s newest big production effort is in Kingfisher County
Ovintiv never ceases to amaze oil and gas followers for its discoveries and production in Oklahoma’s Kingfisher County. Add a 3-well single-pad effort that produced a combined 2,200 barrels of oil a day to the long and growing list of the Houston-based company’s drilling projects in Oklahoma’s STACK play. The latest were completed in …
Crude prices made gains after federal holiday in the US
Crude oil prices rose on Tuesday while Oklahoma energy stocks lingered in the loss column. The increase in crude prices came after China posted weak but expectation-beating annual economic growth data. West Texas Intermediate crude managed a 32 cent increase or 0.4% to settle at $80.18 on the New York Mercantile Exchange. Global benchmark …
Rep Cole—energy security is national security
In a column this week, Oklahoma Congressman Tom Cole repeated the claim he and others have sworn over the past two years of the Biden administration—energy security is national security. “Unfortunately, instead of working on commonsense all-of-the-above energy policies, the president and Democrats ignore our energy resources that are already in the U.S. and …
Winter storm costs created public records fight in San Antonio
Public records and demands for details of energy costs from the February 2021 winter storm Uri aren’t just an issue at the Oklahoma Corporation Commission. They are a growing issue in Texas where the San Antonio Express-News has attempted to learn more about why the city-owned CPS Energy spent tens of millions of dollars …
Oklahoma Treasurer makes Energy Discrimination a top issue
A top issue for Oklahoma’s new State Treasurer Todd Russ is making sure some financial institutions don’t target the oil and gas industry with ESG—Environmental, Social and Governance evaluations. “The dangers of ESG to our state’s financial well-being is a top issue for me,” Russ said after being sworn into office last week. He …
Pipeline construction increases in Texas
Texas has more than 417,000 miles of oil and gas pipelines and the amount is quickly growing. So is the state’s methane emissions and flaring. Developers contend however, the additional pipelines are needed to national security reported The Odessa American. Click here for Odessa American