The merger of Devon Energy with Coterra Energy came as expected early Monday —an all-stock transaction with a value of $58 billion. But it will mean the loss of the headquarters which will be transferred to Houston, Texas. Still unanswered is just how many Devon employees might be lost in a move of the headquarters. …
Reaction was swift Monday morning from Oklahoma and Oklahoma City leaders following the merger announcement between Devon Energy and Coterra Energy, particularly after confirmation that the headquarters of the combined company will move from Oklahoma City to Houston. While speculation about merger talks had circulated for more than a week, the decision to …
The merger of Oklahoma City-based Devon Energy and Houston’s Coterra Energy was formally announced early today. In a stunning move, the two firms decided the new company, still retaining the name of Devon Energy, will be headquartered in Houston and not in Oklahoma City. “The combined company will be named Devon Energy and will …
The Southwest Power Pool credits “coordination” for successfully steering through Winter Storm Fern and its impact on keeping the lights on in its 14-state grid, which includes Oklahoma The SPP, in a statement, said Winter Storm Fern posed significant challenges to electric reliability across much of the country, including Southwest Power Pool’s (SPP) 14-state footprint. …
After President Trump eased some of the sanctions he imposed on the energy industry in Venezuela, crude oil prices fell more than 1% on Friday. Still, the growing geopolitical tensions in the Middle East, especially whether there might be a possible U.S. military attack against Iran, OPEC’s biggest oil partner, has the potential to …
A proposed $72 million 40-mile long transmission line between the cities of Piedmont and Luther advanced another step this week with the signing of an Interconnection Agreement by the involved parties. The deal for the 345-kV Mathewson-Redbud transmission line, expected to be finished by 2027-2028, was agreed to by Transource Oklahoma, LLC and AEP Oklahoma …
Not only did the nation see an increase in its oil and gas rig activity in the past week, but Oklahoma saw a jump as well. Oklahoma went from 43 rigs last week to 46 rigs this week, according to the latest Baker Hughes Rig Count released Friday. It compares to the state’s rig count …
Oklahoma Attorney General Gentner Drummond is one of 27 attorneys general calling for the Federal Judicial Center to immediately withdraw what they call an “inappropriate” new addition to scientific material used in dealing with climate science cases. Led by West Virginia Attorney General JB McCuskey, the coalition wants a removal of the Reference …
** The death toll from last week’s winter storm and the blizzard that hit the eastern part of the US over the weekend stood at least 60. The confirmed deaths CBS News cited were linked to a familiar list of winter hazards: hypothermia, vehicle crashes, snowplow incidents, sledding accidents, and sudden cardiac emergencies associated with …
(Phillip Jackson / Tulsa Flyer) When the Coweta city council meets Monday night, it will be before a packed hall as council members prepare to review a request for a data center that has drawn heavy opposition. The council will consider a recommendation of its Planning Commission which voted last week to deny rezoning …