Devon Energy Corp. announced it has entered into a definitive agreement to sell its assets in the Barnett Shale to Banpu Kalnin Ventures (BKV) for $770 million. This transaction is subject to customary terms and conditions and is expected to close in the second quarter of 2020. Devon expects no incremental cash taxes associated with …
Whether she will accept their invitation isn’t known,but Democratic Presidential hopeful Sen. Elizabeth Warren, a candidate who has vowed to stop fracking on the first day of her presidency has been asked by Oklahoma oil and gas leaders to meet with them when she returns to the state this weekend. She will hold a town …
Marathon Petroleum, the Houston firm with extensive drilling operations in Oklahoma’s STACK and SCOOP plays has reached agreement with activist investor Elliott Management. Under the agreement, Marathon named Jonathan Cohen to be a new member of the board of directors. He will replace incumbent director Greg Goff who will retire at the end of the …
A hearing was held Wednesday by the Securities Exchange Commission to consider a rule to require oil and gas companies to open their books and reveal payments made to foreign governments. It was the third such consideration of such a rule after the American Petroleum Association was successful in challenging a version in 2012 followed …
Oklahoma’s U.S. Sens. Jim Inhofe and James Lankford were among those who easily passed the compromise defense policy that includes measures to sanction those companies that help in the construction of the Russian-backed Nord Stream 2 and Turk Stream pipelines. The vote on the motion was approved 82-16 and the vote on the conference report …
** A filing with the Securities Exchange Commission shows ONEOK director Mark W. Helderman of Tulsa acquired another 6,000 shares in the company. He acquired the 6,094 shares at a value of $73.951 each, giving him ownership of 10,000 shares in the company. Helderman is a retired Managing Director and Co-Portfolio Manager at Sasco Capital …
North Dakota regulators indicate a company has not been fined for the Keystone Pipeline oil spill that occurred in October outside the city of Edinburg. But a fine is coming. A North Dakota Department of Environmental Quality told the Bismarck Tribune that the spill of 383,000 gallons of crude oil onto farm land on Oct. …
Oklahoma’s congressional delegation split its votes Tuesday in approving $1.4 trillion in spending in a pair of bills that left clean energy producers disappointed because tax credits were not extended. Reps. Tom Cole, a Republican and Kendra Horn, a Democrat voted to support each of the resolutions while Republican Reps. Kevin Hern and Markwayne Mullin …
The federal government estimates the downturn in the oil and gas industry has hurt Texas more than originally thought. The Federal Reserve Bank of Dallas announced this week it doubled its estimates of job losses in the state this year through October. The Bank expects nearly 8,100 job losses in the state’s oil and gas …
CenterPoint Energy Inc., a Houston company with 7 million customers in Oklahoma and several other states is said to be looking into the possible sale of two services units, a sale that could bring more than $1 billion. The company has not confirmed the report by Reuters which explained the possible sale was being considered …