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Ovintiv announces results of annual meeting
The results of the annual meeting of Ovintiv Inc. were announced this week. The meeting was held May 3 and included the election of nominees to the board of directors. Each director nominee listed in the Proxy Statement was elected as a director of the Company. The results of the vote by ballot were …
Oklahoma Corporation Commission makes temporary move
A lot of changes are being made by the Oklahoma Corporation Commission as its headquarters at the Jim Thorpe Office Building undergoes millions of dollars in renovation. The commission is relocating the Oklahoma City office to the Will Rogers Memorial Office Building at 2401 N. Lincoln Blvd in the Capitol Complex. The agency intends …
Groundbreaking for Tesla’s lithium refinery in South Texas
Construction vehicles roared and beeped this week as Tesla’s CEO Elon Musk and Texas Gov. Greg Abbott formally opened Tesla’s $375 million lithium refinery in south Texas. It was seen as another effort by Musk to control more of the supply chain for the growing production of electric vehicles. The refinery is located in …
Oklahoma Commerce Department Executive Director resigning
Oklahoma Commerce Executive Director Brent Kisling says it’s time for him to focus on new challenges. It’s why he is resigning from the post he first took when Gov. Kevin Stitt took office in his first term. The Tulsa World reported Kisling submitted his resignation in a May 1 letter to the governor. Click …
Nine Energy records $6 million loss in first quarter
Houston’s Nine Energy Service, Inc., a company with operations throughout Oklahoma’s STACK play, reported a loss of more than $6 million in first quarter revenues but it didn’t surprise company President Ann Fox. “First quarter results were as expected, with revenue within our original guidance, “said Fox in a statement after the company shows …
Helmerich and Payne leaders seek more investors
Helmerich & Payne, Inc. leaders plan to be part of an investor conference this week and next. John Lindsay, President and Chief Executive officer along with Mark Smith, Senior Vice President and Chief Financial Officer and Dave Wilson, Vice President of Investor Relations will be part of a Citi 2023 Energy and Climate Technology …
Congressional GOP leaders want investigation of Biden’s use of Petroleum Reserve
Congressional Republican leaders are calling for the government to investigate President Biden’s depletion of the nation’s Strategic Petroleum Reserve. Leaders of the House Energy and Commerce Committee, Cathy McMorris Rodgers of Washington and Senate Energy and Natural Resources Committee ranking member John Barrasso of Wyoming made the request in a letter to the Government …
Permits to drill for May 8, 2023
Mcclain County QUINN #1-8-17-20XHW, May 08 2023 08 7N 3W SENENWNW API: 08722433 Lat: 35.101419640767055, Long: -97.54413287725156 CONTINENTAL RESOURCES INC MU, DR, 24864 ft, MISSISSIPPI(9540), WOODFORD(9709) Woods County MLM #1-10, May 05 2023 10 24N 13W SESENENW API: 15124620 Lat: 36.57595558742566, Long: -98.57894960084997 BELOW GROUND LEVEL LLC SH, DR, 8000 ft, TONKAWA(5006), COTTAGE GROVE(5470), LAYTON 405LYTN 5615 …
Completion reports for May 8, 2023
HUGHES COUNTY Tilford Pinson Exploration Llc Savanna(2410): Oil 14 Water 40 Pump 33 6N 9E Jessica 1-33, January 06, 2023 SH, OIL, TD: 3440 ft Lat: 34.94339, Long: -96.35567 API: 35063249570000 MCCLAIN COUNTY Charter Oak Production Co Llc Woodford(6434): Oil 163 Gas 101 Water 2314 Flow 3 5N 1W Sharp 5n 1w 10 1hx, January 01, 2022 HH, OIL, TD: 17275 ft Lat: 34.92950, Long: …
Devon Energy reports record oil production in 1Q and steps up share buyback
Not only did Devon Energy record operating cash flow of $1.7 billion in the first quarter, its oil production also reached an all-time high of 320,000 barrels a day during the period. It also decided to increase its share buyback by 50%. One of the highlights of the company’s oil production was its Exotic …