A well-completion company with a large footprint in Oklahoma’s STACK and SCOOP plays has announced completion of a major repurchase of shares. The announcement came from Keane Group, Inc which wrapped up nearly $34 million of total share repurchases at an average price of $15.54 a share. The repurchase involves nearly 2.2 million common shares. …
Water is always a major concern for Oklahoma and other energy firms taking part in the quickly-moving exploration of the Permian Basin in West Texas and New Mexico, but a Houston-based company has closed on an acquisition of a significant New Mexico water supply business. It’s a move that will have an impact on the …
ExxonMobil’s large workforce in Oklahoma is now part of a company that has finished the purchase of half of Equinor’s interest in a major offshore Brazil oilfield. The BM-S-8 block offshore contains part of the 2-billion barrel pre-salt Carcara oil field. “The Carcara oil field is an excellent example of the quality resources to be …
Devon Energy’s announced a more than $3 billion sale of its ownership interests in EnLink Midstream Partners, LP and EnLink Midstream LLC to an affiliate of Global Infrastructure Partners. The price actually totaled $3.125 billion and as part of the sale agreement, Devon’s board of directors increased the size of the company’s share-repurchase authorization to …
A move by the state of New Mexico along with California and environmental groups to revive the Bureau of Land Management’s methane waste rule was rejected this week by the Denver Federal Appeals court. The ruling means some aspects of the controversial rule will be stayed while the 10th U.S. Circuit considers a lower court …
While SandRidge Energy on Monday was busy notifying shareholders of what it labeled Carl Icahn’s poor track record in energy investments, he too was busy attacking SandRidge’s Board of Directors. In his efforts to win support of shareholders for election of a new board, Icahn accused the board of overpaying CEO James Bennett when he …
At least seven anti oil and gas protesters were arrested Monday in Austin, Texas as they demonstrated outside the William B. Travis State Office building Organized by the Poor People’s Campaign, the protest sought a ban on new oil and gas permits as well as single-payer health care and paid sick days. It was part …
Eight members of the U.S. Senate Committee on Agriculture are getting a pat on the back from the Agriculture Energy Coalition for supporting the farm bill energy title programs. The Coalition supported a letter mailed by 8 Senators this week to Committee chairman Sen.Pat Roberts, (R-KS) and ranking member Sen. Debbie Stabenow. In the letter, …
If ExxonMobil’s experiment proves a success, those quick oil-change places might be seriously hurting for business in the future. The energy company has launched a cross-country road trip to prove its latest product offering, Mobil 1 Annual Protection motor oil will allow cars to go 20,000 miles without an oil change. The road trip started …
Oklahoma City fire crews say no evacuations were necessary following a Monday night chlorine gas leak at the city’s Hefner Water Treatment Plant. Crews were called to the scene in the 3800 block of W. Hefner Road around 9 p.m. Nearly 50 firefighters were on scene trying to locate the leak. The Department’s Hazardous Materials …