Devon Energy’s Chief Finance Officer reports selling more than $3 million in shares of the company. Jeffrey L. Ritenour, in a filing with the Securities and Exchange Commission reported the sale of 55,000 shares of Devon stock at a price of $53.85 per share. The total share resulted in a sale of $3,209,250 for …
Category: General
Oklahoma universities to assist in development of regional hydrogen hub
Universities in Oklahoma plan to be at the center of the recent plan by Oklahoma, Louisiana and Arkansas in the development of a regional hub for development of hydrogen as fuel and manufacturing feedstock. Key to this relationship is the collaboration of the states’ top research universities – including the University of Oklahoma – …
Blaine County wells produce for Devon Energy
Nearly four months after completion, Devon Energy is reporting two Blaine County wells on a single pad with nearly 1,700 barrels of oil a day in production. They represent the Oklahoma energy company’s latest production in the STACK play. The Dickson 21_16-15n-10w 3hx and the Dickson 21_16-15n-10w 4hx, located at 21 15N 10W, a site about 9 miles …
Energy headlines of other stories
** Sen. Joe Manchin (D-W.Va.) said Monday that he will not vote to confirm President Biden’s pick for a powerful position on the Federal Reserve Board over her criticism of the fossil fuel industry. ** Progressives are hoping to turn the heat up on Majority Leader Charles Schumer (D-N.Y.) in an effort to push climate action across the congressional finish line. ** The United …
Oklahoma sweetened deal with Canoo by waiving bidding requirements
Competitive bidding requirements were waived by Oklahoma leaders in order to attract electric vehicle startup Canoo to locate its manufacturing plant near Pryor. The Frontier reported the waiver came as the state awarded Canoo a statewide contract to buy nearly 1,000 vehicles. Click here for The Frontier
Old wind towers demolished in North Dakota
How do you demolish a wind tower and turbine? It was carried out this week with two out-of-date towers near Minot, North Dakota and the Minot Daily News was there to record the demolition. Click here for Minot Daily News
Crude oil drops to just above $103 while OK energy stocks slump
The prospects that the U.S. might reach a deal to lift sanctions on Venezuelan oil and make purchases there instead of Russia resulted Monday in a more than 5% drop in crude oil prices in the U.S. It’s definitely a deal that is not favored by Oklahoma’s congressional delegation as they are critical …
US sees drop in drilled but uncompleted wells
The number of drilled but uncompleted oil wells in the U.S. fell again in March according to new information released Monday by the Department of Energy. The total of DUCs in January was 4,528 and fell to 4,372 or a decline of 156 by February. In the Anadarko Basin, the number of DUC …
Last chance for OK Attorney General to be part of constitutional challenge to storm bond Act
Oklahoma Attorney General John O’Connor faces another deadline offer from the State Supreme Court for a constitutional challenge of the state’s securitization act passed last year over the February 2021 storm costs experienced by utilities. The court gave the Attorney General until the end of Tuesday, March 15 to decide whether he wants to …
Other energy headlines
** At the House Democrats’ conference in Philadelphia this week, lawmakers made the case for Biden’s resurgence and for Americans’ shared sacrifice — including paying higher gas prices — to protect democracy. ** Marathon Pipe Line Inc. has shut down a pipeline in Illinois that leaked 165,000 gallons of crude oil into a local canal over the weekend, the …