The company that gave us the advertising slogan “Hey Culligan man!” is merging with AquaVenture Holdings Limited in a deal worth an estimated $1.1 billion. Culligan, based in Illinois agreed to acquire the Florida-based AquaVenture Holdings for $27.10 a share in an the all-cash transition valued at $1.1 billion including AquaVenture’s net debt. AquaVenture offers …
Schlumberger announced its commitment to a science-based target to reduce greenhouse gas emissions. The French company’s commitment was submitted to the Science Based Targets initiative and, in line with the defined criteria, Schlumberger will define its reduction target by 2021. Schlumberger has extensive operations and offices in Oklahoma and throughout the oil-producing states in the U.S. …
The Hartford announced it will no longer insure or invest in companies that generate more than 25 percent of their revenues from thermal coal mining or more than 25 percent of their energy production from coal. In addition, the company will also stop insuring and investing in companies that generate more than 25 percent of their …
As the oil and gas downturn spreads, more companies are finding it difficult to remain on the New York Stock Exchange. One of the latest to get a delisting warning from the exchange is Dallas-based New Concept Energy, Inc., a firm that owns oil and gas wells and mineral leases in Ohio and West Virginia. …
The privately held Houston company, Sk Nemaha LLC reports completion of several wells across Oklahoma’s STACK play. Completion reports filed this week show the company reported four wells in Kingfisher County, the largest with production of 779 barrels of oil a day along with 1,478 Mcf of natural gas. The well is located at …
The reinstatement and extension of the $1 a gallon Biodiesel Tax Credit was welcome news to the Iowa-based Renewable Energy Group, Inc. Its President and CEO C.J. Warner called the approval in congress and the President’s signing of the measure a “big win for environment, for agriculture and for US motorists.” He said as a …
In a stunning reversal of the findings and claims of other agencies, the Wyoming Department of Environmental Quality says hydraulic fracking did not contaminate the drinking water wells of Pavillion, Wyoming. The DEQ stated, “Evidence does not indicate that hydraulic fracturing fluids have risen to shallow depths utilized by water-supply wells. Also, based on an evaluation …
Another oil and gas firm has been removed from trading on the New York Stock Exchange because trading levels had dropped below the required minimum. Houston-based CARBO Ceramics Inc., maker of ceramics for hydraulic fracturing was notified last week by the New York Stock Exchange. It had failed to meet the exchange’s average global market …
Georgia will follow Oklahoma in becoming only the second state to be allowed to operate its own coal ash permitting program. The U.S. Environmental Protection Agency made the announcement and coincides with the agency’s plan to issue new federal permits for coal ash disposal, a move that could save $1 million a year. The new …
With dry conditions and strong winds, the Oklahoma Forestry Department remains concerned about wildfires in the state this week. In recent days, several wildfires were fought throughout the state. Activity spiked last Thursday with a dry airmass that supported the dry conditions. Elevated fire dangers are present in the western parts of Oklahoma and especially …