Just as Oklahoma saw a dramatic increase in the number of earthquakes linked to the oil and gas industry in the past several years, New Mexico is seeing the same growth. New Mexico’s increase, from about 40 in 2018 to nearly 500 last year, is linked to the Permian Basin according to the New …
Interior’s top lawyer confirmed without support from Oklahoma Senators
Oklahoma U.S. Sens. Jim Inhofe and James Lankford did not lend their support for the confirmation of Robert Anderson to become the top lawyer for the U.S. Interior Department. Anderson was confirmed as Solicitor of the Interior Department on a 53-44 vote as Inhofe and Lankford both voted against the confirmation. Neither offered a …
Devon Energy hands out more STEM grants
Two northwestern Oklahoma FFA chapters will receive a grant from Devon Energy to enhance their science, technology, engineering and math (STEM) education. The Guthrie and Coyle FFA chapters will purchase an egg incubator and hatcher to generate more excitement for hands-on learning. Students will monitor eggs daily, then take care of the birds – including chickens and …
Energy news stories in brief
** Canadian pipeline operator Enbridge Inc said it had signed partnerships with Royal Dutch Shell and Vanguard Renewables to make low-carbon fuels, seeking to tap into sales to companies that want to lower their greenhouse gas emissions. ** Russian President Vladimir Putin told his Turkish counterpart Tayyip Erdogan on Wednesday that Turkey is shielded from a gas …
Shareholders OK Denver oil company’s $17B merger
Cimarex Energy Co., the Denver based company with large operations in Oklahoma will soon be moving its headquarters to Houston, Texas after shareholders voted overwhelmingly this week to support the company’s $17 billion merger with Cabot Oil & Gas Corp. The Denver Business Journal reported 99.5% of shareholder ballots approved issuing new shares to …
Record costs slap U.S. drillers as oil output growth weakens
The same Dallas Federal Reserve report we reported on earlier this week about oil production in Texas also suggested the nation’s oil producers are being hammered with record costs. It comes as the same producers are increasing their oil output at a slower pace. Like every other industry across the U.S., oil and gas …
New proposal offered by Exxon to locked out workers in Texas
A first concession in the form of a new contract proposal was offered this week by Exxon Mobil Corp in its lockout of workers at the company’s refinery and lube oil plant in Beaumont, Texas. The nearly 650 workers have been locked out since May 1 reported Reuters. Click here for Reuters.
OGE Energy Corp.’s quarterly dividend increased
OGE Energy Corp. announced that its Board of Directors has approved an increase in the company’s quarterly dividend to $0.41 per share from $0.4025 per share, which equates to $1.64 per share annually. The increase is effective with the fourth quarter 2021 dividend and will be paid Oct. 29, 2021, to shareholders of record Oct. 12, 2021. OGE Energy …
Helmerich and Payne closes on note offering
It didn’t take long for Tulsa-based Helmerich & Payne to close on its previously announced private offering of $550 million in senior notes. The company stated that it has successfully completed the offering of the 2.900% senior notes due 2031. “We are taking advantage of the Company’s robust financial profile and the historically low …
Armor Energy sells Eagle Ford play holdings
The amount was not disclosed but Tulsa’s Armor Energy LLC divested its producing assets in the northern part of the Eagle Ford play in South Texas. Crescent Pass Energy LLC closed on the acquisition as well as three bolt-on acquisitions in the Cotton Valley trend in East Texas. Houston-based Crescent Pass is a private exploration …
