Evergy, Inc. announced Lesley Elwell will join the company as Senior Vice President and Chief Human Resources Officer. In this role, Elwell will lead Evergy’s Human Resources organization, with an emphasis on talent strategy, employee engagement, organizational development and performance management. She will report to David Campbell, Evergy’s President and Chief Executive Officer. …
Category: Oil & Gas
Rig counts grow nationally—especially in the Permian and Appalachia Basins
The number of rigs running in the U.S. rose by eight in the last week to a total of 575 as of Aug. 11, according to Enverus Rig Analytics. The count is up 7% on the month and up 104% on the year. Major plays with the largest week-over-week increases were in Appalachia and …
New Mexico and U.S. Environmental Protection Agency collaborate with Sceye on air quality monitoring initiative
New Mexico and U.S. Environmental Protection Agency (EPA) announced an innovative initiative proving once again that in New Mexico, the sky is no longer the limit. The Environment Department (NMED), Economic Development Department (EDD) and U.S. EPA signed a first-of-its kind memorandum of understanding that allows for collaboration related to air quality research. “Under this partnership, …
Lankford calls out Biden for harming US oil independence
Senator James Lankford (R-OK) issued the following statement after the White House urged OPEC+ to ramp up crude production to counter the spike in oil prices: “A year ago, when the national average for gas prices was lower, and our government sent a strong signal to American producers that we wanted them to maintain our …
Energy news in brief
** The Biden administration is considering a ban on new public land mining claims on millions of acres of sage grouse habitat, potentially affecting future lithium mining projects. ** U.S. Sen. Kevin Cramer of North Dakota introduces a budget amendment that would prohibit the Biden administration from releasing rules or guidance to ban hydraulic fracturing. ** California regulators expect the state’s …
Nine Point Energy’s Williston Basin Assets Acquired by Bowline Energy
August has led to a flurry of activity in the U.S. energy industry. Bowline Energy LLC, a private exploration and production company, recently announced the purchase of Nine Point Energy’s Williston Basin assets. The purchase was effectuated through a Chapter 11 bankruptcy process approved by the judge on August 9, 2021. “The Williston Basin remains one of …
Chesapeake to Acquire Vine Energy in $2.2 Billion Deal
Chesapeake Energy Corporation is making another big move as it announced Wednesday that the Oklahoma City-based energy company will acquire Vine Energy Inc. in a deal valued at $2.2 billion. Vine, based in Plano, Texas, is an energy company focused on the development of natural gas properties in the over-pressured stacked Haynesville and Mid-Bossier shale plays in Northwest …
Chesapeake Raising Forecasts After Beating Wall Street Estimates for 2Q 2021
Oklahoma City-based Chesapeake Energy Corp. raised its full-year forecasts for adjusted core income and production after beating Wall Street estimates for the second quarter, according to a Reuters report. The company initiated a variable return program to deliver 50% of free cash flow to shareholders on a quarterly basis, payable in the first quarter of …
Devon Eyeing Permian Basin Acquisition?
Devon Energy Corporation may not be finished acquiring oil and natural gas assets. According to a recent published report by Natural Gas Intelligence, the Oklahoma City-based exploration and production company along with Chevron Corp. and ConocoPhillips may be interested in acquiring a portion of Royal Dutch Shell PLC’s Permian Basin portfolio, estimated to be worth …
SandRidge Posts 2Q21 Results, Announces Share Repurchase Program
Oklahoma City-based SandRidge Energy, Inc. announced its financial and operational results for the three and six month periods ended June 30, 2021, according to a company press release. The company’s Board of Directors approved the initiation of a share repurchase program as a means of opportunistically returning capital to shareholders. Under the program, SandRidge may repurchase …