New U.S. Energy Secretary Dan Brouillette believes the U.S. shale boom is far from over and that the slowdown in the Permian Basin will only be temporary. It’s what he said in an interview this week in Washington, D.C. with the Houston Chronicle. Brouillette said as activity in the Permian is expected to slow due …
Devon Energy’s announcement this week of the $770 million divestiture of assets in North Texas produced different responses and angles in how it was covered. In Oklahoma, it was looked upon as another move to unload less-profitable holdings of the company as Devon focused its efforts elsewhere in shale plays. In Texas, it was an …
SSAB Americas says it will produce steel at its Iowa mill without using fossil fuels beginning in 2026, making it the first North American supplier to reach that goal. Key to the effort is new technology that produces steel using hydrogen and renewable energy that’s generated from wind farms in Iowa, according to the Des Moines Register. SSAB …
City leaders in Lawrence, Kansas voted this week to adopt a goal of running their city on 100% renewable energy in the not-so-distant future. The City Commission approved a policy recommendation from its Sustainability Advisory Board to be 100% clean by using clean, renewable energy in 2025 for electricity in municipal operations. Its goal …
Residential customers of Entergy Arkansas will see their monthly bills increase by an average of $15 beginning in January as a federal tax credit expires. Southwestern Electric Power Co. customers also will see their bills go up, though a company official did not have specific information available. Entergy Arkansas is notifying customers that tax credits …
The U.S. Senate Environmental and Public Works Act has approved America’s Conservation Enhancement Act and sent it to the full Senate, along with the nomination of a new Inspector General of the Nuclear Regulatory Commission. It was an act cosponsored by Oklahoma U.S. Sen. Jim Inhofe who supported the nomination of Robert Feitel to …
An area of Oklahoma’s McClain County targeted by EOG Resources Inc will see the company drilling more wells near the H-E Bailey Turnpike southwest of Newcastle. The company received four drilling permits this week to drill at a single pad at 04 8N 4W. The permits are for four Laubhan 0409 wells and part of …
Devon Energy Corp. announced it has entered into a definitive agreement to sell its assets in the Barnett Shale to Banpu Kalnin Ventures (BKV) for $770 million. This transaction is subject to customary terms and conditions and is expected to close in the second quarter of 2020. Devon expects no incremental cash taxes associated with …
Whether she will accept their invitation isn’t known,but Democratic Presidential hopeful Sen. Elizabeth Warren, a candidate who has vowed to stop fracking on the first day of her presidency has been asked by Oklahoma oil and gas leaders to meet with them when she returns to the state this weekend. She will hold a town …
Marathon Petroleum, the Houston firm with extensive drilling operations in Oklahoma’s STACK and SCOOP plays has reached agreement with activist investor Elliott Management. Under the agreement, Marathon named Jonathan Cohen to be a new member of the board of directors. He will replace incumbent director Greg Goff who will retire at the end of the …