Archive for the ‘Devon Energy Corp’ Category
Watching Government: A time to be resilient
January 30th, 2017 by Latest News
Soon after completing the nation’s first Quadrennial Energy Review, which focused on transportation, US Sec. of Energy Ernest G. Moniz said the results basically revealed a need for greater resilience.
Pruitt’s EPA tenure would embrace rule of law, working with states
January 23rd, 2017 by Latest News
Rule of law, cooperative federalism, and public participation would be core philosophies of Oklahoma Atty. Gen. E. Scott Pruitt (R) if he becomes US Environmental Protection Agency administrator, he said.
BHI: US rig count up by 27 to 624
December 19th, 2016 by Latest News
The US rig count has recorded an increase of 20 or more units twice in the last 4 weeks, accelerating a drilling rebound that spans more than 6 months.
BLM to cancel 25 Thompson Divide leases, add stipulations for others
November 28th, 2016 by Latest News
The US Bureau of Land Management will cancel 25 federal oil and gas leases in western Colorado’s Thompson Divide area, add stipulations and conditions for others that are not producing, and make no or minor adjustments to leases that are producing unde…
RSP Permian Inc. has agreed to acquire fellow Dallas-based firms Silver Hill Energy Partners LLC and Silver Hill E&P II LLC for $2.4 billion in moves that will expand its position in the Permian Delaware basin.
Devon Energy Corp. sees potential for tighter spacing and increased drilling inventory in the overpressured oil window of Oklahoma’s STACK play, where it is increasing drilling and investment (OGJ Online, Aug. 2, 2016).
Devon slashes capex for 2016 by 75%, plans to trim workforce by 20%Devon slashes capex for 2016 by 75%, plans to trim workforce by 20%
February 29th, 2016 by Latest News
Devon Energy Corp., Oklahoma City, plans capital expenditures in 2016 of $1.17-1.45 billion, down from $5.26 billion in 2015. That includes the firm’s exploration and production capital investment for 2016, which is estimated to range $900 million-1.1 …
The Oklahoma Corporation Commission’s Oil and Gas Conservation Division (OGCD) announced its largest volume-reduction plan yet for oil and gas disposal wells in western Oklahoma’s Arbuckle formation in response to increased numbers of earthquakes.
Sandridge to shut some Oklahoma disposal wells, reduce volume in others
February 1st, 2016 by Latest News
Sandridge Energy Inc., Oklahoma City, agreed to reduce the volume of wastewaste going into disposal wells in the Medford and Cherokee-Byron areas. After negotiating with the Oklahoma Corporation Commission (OCC), Sandridge agreed to convert some dispos…
Moody’s: Firms to see constrained spending, heightened risk in 2016
January 11th, 2016 by Latest News
Oversupply in 2016 will continue to weigh down on both the global oil markets and the US natural gas market, resulting in a noticeable decline in capital spending and a rise in defaults among firms in the sector, predicts Moody’s Investor Service.