Laredo Petroleum, Inc. announced this week that its board of directors authorized a $200 million share repurchase program. The two-year program is authorized through May 27, 2024. In making the announcement, leadership of the Tulsa company said the move realizes Laredo’s commitment to begin returning significant cash to shareholders nearly nine months ahead of schedule. Laredo has …
Surprise over New Mexico County’s move for oil and gas exploration
In a state with record revenue from oil and gas operations, a move by one New Mexico County to open the door to local oil and gas development not only stunned residents but possibly generated opposition. The Albuquerque Journal reported the surprise move was carried out by County Commissioners in Valencia County, a county …
ONE Gas shareholders conduct annual meeting
The annual meeting of shareholders in ONE Gas was held last week as members elected directors, set compensation for executives and named an audit company. Eight members were chosen to the Board of Directors during the April 26 annual meeting. Each will serve one-year terms that will expire at the company’s 2023 annual meeting …
Unusual allies fight carbon pipelines in Iowa
Some farmers in Iowa have joined forces with a most unusual ally in fighting proposed carbon pipeline plans. They have started working with the Sierra Club according to POLITICO. Click here for POLITICO
SandRidge Energy sued over data security breach
A class-action lawsuit has been filed in Oklahoma City against SandRidge Energy following a data security breach last fall. KFOR TV News reported an attorney contends that more than 12,000 current and former employees of SandRidge Energy were affected as their sensitive personal information was accessed. Click here for KFOR News
More wind and solar growth in the U.S.
A new report shows renewable energy sources, wind and solar provided more than 97% of new domestic electrical generating capacity in the first quarter of this year.. They also provided more than 24% of actual generation according to a report by Solar Power World. Click here for Solar Power World
Coterra executive makes $1.7 million sale of company shares
A Coterra Energy executive filed reports this week showing he sold company shares for more than $1.7 million. The filing with the U.S. Securities and Exchange Commission indicated the sale was by Steven W. Lindeman, Senior Vice President of Production and Operations for Coterra. The filing showed the sale was made on May 26 …
Headlines of other energy stories
** Given the staffing and operations challenges, Delta Airlines announced that it will be reducing service by about 100 daily departures between July 1 and August 7, primarily in the United States and Latin America. Delta also said that it will “continue to proactively adjust select flights in the coming weeks.” ** The U.S. EPA’s longstanding budget …
New Mexico midstream sold to Houston firm
A New Mexico midstream company has been sold in a $600 million deal with Houston’s Crestwood Equity Partners. Crestwood saw the move as an opportunity to expand its present in the Delaware sub-basin of the Permian in southeast New Mexico reported the Carlsbad Current-Argus. Click here for Current-Argus
Worldwide crude oil tops $120 while Oklahoma energy stocks fall
The move by European Union leaders to adopt a partial ban on Russian oil imports provided a spark for oil-producer stocks and sent the global price of oil to more than $120 a barrel on Tuesday. But Oklahoma energy stocks went the opposite direction. After trading as high as two cents short of …
