Ovintiv, the Houston-based company with major offices in Denver, Colorado plans to release its fourth quarter earnings report on Tuesday, Feb. 28 of this year. The 8 a.m. Central Time release will be made after the market close on Monday, Feb. 27, 2023. Ovintiv is coming off a whopping $1.19 billion in third quarter …
Headlines of other stories
** The parent of Liberty Utilities still plans to pursue its Kentucky Power acquisition but also is cutting its dividend 40%. ** More than 140 people have filed complaints against a Tennessee solar company that’s now under investigation in three states. ** Texas natural gas generators did better during last month’s cold snap than in the …
$2 billion wind transmission line planned for northern New Mexico
A $2 billion, 400-mile high voltage transmission line will be constructed across northern New Mexico to carry wind power. The New Mexico Renewable Energy Transmission Agency announced the new joint development agreement with the private company, Invenergy Transmission. RETA hopes to start the operations in 2028. Click (Powerful clean-energy line to crisscross NM – …
Colorado boosts cleanup funding required of oil and gas producers
Colorado has taken steps to require more money from oil and gas producers to insure there is adequate funding for the cleanup should the well be abandoned. The state is now increasing the amount of money companies need to put forward, often in the form of bonds, to pay for plugging and reclaiming their wells …
Chesapeake Energy sells South Texas ops in $1.4 billion cash deal
Oklahoma City’s Chesapeake Energy Corp. reportedly agreed to sell part of its operations in the Eagle Ford play of South Texas to private equity-owned Wildfire Energy in a $1.4 billion cash deal. Reuters reported the story Wednesday, indicating it was based on “people familiar with the matter” and what they said. Chesapeake had been …
Ovintiv’s newest big production effort is in Kingfisher County
Ovintiv never ceases to amaze oil and gas followers for its discoveries and production in Oklahoma’s Kingfisher County. Add a 3-well single-pad effort that produced a combined 2,200 barrels of oil a day to the long and growing list of the Houston-based company’s drilling projects in Oklahoma’s STACK play. The latest were completed in …
Work to begin on 600 mile electric transmission project in eastern Colorado
Excel Energy has chosen Quanta Services, Inc. to manage all construction activities for the more than 600 mile long Colorado Power Pathway high-voltage electric transmission project. The 345 kV transmission infrastructure in eastern Colorado will span more than a dozen counties reported T&D World. “Quanta has enjoyed a long-standing relationship with Xcel Energy and …
Crude prices made gains after federal holiday in the US
Crude oil prices rose on Tuesday while Oklahoma energy stocks lingered in the loss column. The increase in crude prices came after China posted weak but expectation-beating annual economic growth data. West Texas Intermediate crude managed a 32 cent increase or 0.4% to settle at $80.18 on the New York Mercantile Exchange. Global benchmark …
Rep Cole—energy security is national security
In a column this week, Oklahoma Congressman Tom Cole repeated the claim he and others have sworn over the past two years of the Biden administration—energy security is national security. “Unfortunately, instead of working on commonsense all-of-the-above energy policies, the president and Democrats ignore our energy resources that are already in the U.S. and …
EV ban proposal dies in Wyoming legislature
Just as quickly as news spread that the Wyoming legislature would consider a bill to ban electric vehicles by 2035 did the measure die in committee. The Cowboy State Daily reports the Senate resolution didn’t get support this week in a committee hearing even as word spread about the effort. Click here for Cowboy …
