Devon Energy Corp. announced it has entered into a definitive purchase agreement to acquire the leasehold interest and related assets of RimRock Oil and Gas, LP, a Warburg Pincus portfolio company, in the Williston Basin for total cash consideration of $865 million. The transaction is subject to customary terms and conditions and is …
CEO at EV maker Canoo still hopeful about plant in Oklahoma
Still nothing firm whether EV maker Canoo will be able financially to proceed with its plans to build a manufacturing plant in northeast Oklahoma and locate it headquarters in Arkansas. Weeks after the company admitted it had ongoing concerns about its financial abilities, Canoo CEO Tony Aquila told an Arkansas TV news reporter he …
Colorado bans PFAS in oil and gas drilling
The Governor of Colorado has signed a bill into law banning the use of PFAS or per-and polyfluoroalkyl substances in products used for oil and gas drilling. It makes Colorado to become the first state to bank the PFAS in oil and gas industry use and the law becomes effective Jan. 1, 2024 reported …
Government says high energy costs will be with us in 2023
Forget about holding your breath if you think high energy prices in the U.S. might take a sudden drop this year. The federal government’s own forecast, one from the U.S. Energy Information Administration, expects prices to remain historically high through next year! The EIA’s June 2022 Short-Term Energy Outlook says prices will be high through most …
Lucas warns Democrats to cut red tape to solve methane problem
At a congressional hearing on methane emissions, Oklahoma Congressman Frank Lucas warned Democrats the nation doesn’t need to ban or tax methane in any way. It’s what he warned in an opening statement at a hearing held by the House Committee on Science, Space and Technology where Rep. Lucas is the Ranking member. The …
Gas prices hit all-time high in Oklahoma
Gasoline prices in Oklahoma are rising almost faster than you can fill up your car tank. Prices for regular gasoline reached an all-time average high of $4.54 a gallon in the state on Wednesday, according to AAA’s gas report. That’s a 5-cent-a-gallon jump in one day and 33 cents higher than a week ago. …
Energy news headlines of other stories
** The Interior Department’s Bureau of Ocean Energy Management began an environmental review of US Wind LLC’s proposed offshore wind project about 10 miles off the coast of Maryland, which could include up to 121 turbines and potentially power 650,000 homes in Delaware and Maryland according to POLITICO. ** Louisiana is looking into the source of a …
OGE makes it official with ratepayer bonds to cover storm costs
The effort to sell nearly $1 billion in ratepayer backed bonds to be used in covering OGE Energy Corp.’s February 2021 storm costs was launched this week. OGE Energy Corp, in the filing of a Form 8-K with the U.S. Securities and Exchange Commission indicated the Oklahoma Development Finance Authority began offering the bonds …
EV ownership soars in Arkansas
Electric vehicles registered in Arkansas are up 43% in the first five months of 2022 compared with the same period in 2021, with Benton, Pulaski and Washington counties home to 57% of those, according to info from the Arkansas Department of Finance and Administration (DFA). The number of fully electric vehicles in Arkansas as …
Oilfield employment went up in May
Oilfield employment across the U.S. increased by nearly 4,800 during the month of May, reaching a total of nearly 629,000 according to the government. The Bureau of Labor Statistics reported the increase in May totaled 4,774 jobs, bringing the nation’s total employment in the oilfields to 628,793. Click here for Energy Workforce and Technology …
