Mancamp builder Civeo Corporation announced it has regained compliance with the New York Stock Exchange. The company, with headquarters in Houston, Texas and Canada said it was notified on Wednesday by the Exchange. Civeo was notified in March that its shares had fallen below the continued listing standard and failed to keep a minimum …
Pioneer Natural Resources Company in Dallas is moving ahead in its merger with Parsley Energy, Inc. and plans a special meeting of stockholders. The meeting will be held to allow shareholders to decide the issuance of Pioneer common stock as part of the merger with Parsley. The decision will be made January 12 of …
The COVID-19 pandemic claims another energy victim—a proposed pipeline to carry natural gas from the Permian Basin to Louisiana. Tellurian Inc. informed federal energy regulators this week it would be withdrawing its application to build the Permian Global Access line, reported Reuters. Click here for Reuters story.
The latest rig count numbers from the data analytical firm Enverus shows rig activity was relatively flat over the past week. But the Austin, Texas firm reported rig activity spiked in the Anadarko Basin where five rigs were added last week bringing the total to 23. Enverus indicated the basin is up six …
Oklahoma Congressman Frank Lucas was re-elected this week by the House Republican Steering Committee to be the ranking minority leader on the House Committee on Science, Space and Technology for the 117th Congress. The committee has jurisdiction over such government programs as NASA, NOAA, the EPA and the Department of Energy. ““This is a …
Iowa U.S. Sen. Chuck Grassley calls it an “outrageous giveaway” and wants to raise the royalties paid by oil and gas companies for production on federal lands. He’s joined forces with New Mexico Democratic Sen. Tom Udall in introducing what they call the Fair Returns for Public Lands Act, one that would increase royalties …
** Chevron Corporation announced Thursday a 2021 organic capital and exploratory spending program of $14 billion and lowered its longer-term guidance to $14 to $16 billion annually through 2025. ** EPA Administrator Andrew Wheeler is quarantining after exposure to a person diagnosed with Covid-19. Wheeler had contact earlier this week with a masked person who …
West Texas Intermediate crude could soon become a part of the global oil benchmark Brent Crude. Bloomberg says S and P Global Platts is considering including WTI Midland crude to its main North Sea benchmark, a move it reports could potentially transform a marker price for millions of barrels of crude oil transactions every …
When NextEra Energy put Oklahoma’s first battery energy storage system on line last month near Marlow, it joined a quickly growing national movement of energy storage. In the last three months, the energy storage market in the U.S. has boomed reported QUARTZ which stated that new data from Wood Mackenzie gave a major boost …
The shutdown of Shell’s refinery in Convent, Louisiana started this week. Unable to sell the 211,146 barrel-per-day refinery, Shell made the decision last month to permanently close the operation. The operation had been suffering due to the COVID-19 pandemic and lack of demand for gasoline. Click here for story from Reuters.
