A chemical manufacturing firm in Moore will be featured this week in a broadcast of Manufacturing Marvels on the Fox Business Network. Ultimate Chemicals Inc., an integrated manufacturer and supplier of chemicals will be part of the TV program at approximately 8:30 to 8:44 p.m. Central Standard Time on Thursday, October 14. Ultimate Chemicals …
Category: Oil & Gas
Filing shows $800,000 salary for Chesapeake’s new leader
After naming Domenic J. Dell’Osso, Jr. as the company’s new President and Chief Executive officer this week, Chesapeake Energy also made a filing with the SEC revealing his salary. Dell’Osso, according to the filing with the Securities Exchange Commission will draw a salary of $800,000 annually. He will also be eligible to receive an annual …
Who’s drilling where in Oklahoma
While oil production nationally has slowed only slightly, there are still growing numbers of drilling permits being issued in Oklahoma. Devon Energy has a permit in Caddo County to drill the KAMM #1, located at 26 11N 11W which is a site northeast of Lookeba. The permit is to recomplete the well. Devon also has …
Mergers and acquisitions cooled in 3Q
Chesapeake Energy’s recent acquisition of Vine Energy in a $2.2 billion deal is considered one of the top five energy acquisitions in the third quarter of 2021 according to Enverus, an energy data analytics and SaaS technology company. The listing was in the firm’s summary of 3Q21 U.S. upstream M&A activity. While mergers and …
Why pipeline companies don’t like Nate Laps
A former gas industry land agent who “switched sides” and now consults on behalf of landowners pushes federal regulators to shut down a pair of gas pipeline projects through Oklahoma and St. Louis. E&E News reports on the efforts of Nate Laps to help landowners in their fights with pipeline companies. Click here for E&E News.
Other energy stories around the US and world
** Protests at the White House on Monday led to 136 arrests, including many Indigenous leaders opposing fossil fuel projects. ** The Western States Petroleum Association has filed a 91-page lawsuit against California’s denial of fracking permit applications, claiming it oversteps the administration’s authority as laid out in the state Constitution. ** Mexico’s president presented details on …
Apache ends flaring practice
No more flaring—it’s the decision of APA Corp., the holding company for Apache Corporation. The company announced this week it has ended routine gas flaring on its U.S. onshore operations saying it has achieved one of its 2021 ESG goals three months ahead of schedule. “In early 2021, we set out to eliminate routine …
Tapstone acquired in $419 million agreement
Less than a year after Oklahoma City-based Tapstone Energy completed a Mid-Con acquisition and became the largest leaseholder owner in Oklahoma, the firm has been acquired by Alabama-based Diversified Energy in a $419 million deal. Tapstone owns and operates thousands of wells in the state and has mineral rights on 750,000 acres. Under a …
Citizen Energy acquires more Oklahoma holdings
Tulsa-based Citizen Energy announced that it has entered into a definitive $153 million Purchase and Sale Agreement with an undisclosed seller for holdings in the STACK and SCOOP plays of Oklahoma. The Purchase and Sale Agreement provides that Citizen will acquire ~8,000 BOEPD of production (58% gas and 25% NGLs), 97 operated wells, 400 …
Oklahoma joins the march toward higher prices at the pump
No doubt about it—gasoline prices are going up and up with the national average rising 8 cents in the past week to reach an average $3.27 and Oklahoma’s average increasing 7 cents to an average $2.91 per gallon. But nearly half of the 77 counties in the state are close to or well higher …