Tag Archives: natural gas

Gusher of knowledge

“I honestly didn’t expect our first class to be taught by the dean,” Burns says. “His love of knowledge is unlimited. It’s very rare to have a fellow with a Ph.D in economics who also ran a very successful oil company teaching you.” Steven Agee was the president of a small, independent gas company for

SandRidge plans sale of Permian assets

SandRidge Chairman and CEO Tom Ward said the sale will allow the company to capitalize on current strong valuations for mature, conventional Permian assets and generate a strong return on investment. Those assets were identified as the company made a transition from a natural gas producer to an oil company. “With these proceeds, we will

Chesapeake plans to sell midstream assets

Chesapeake CEO Aubrey McClendon Photo by Mark Hancock The planned sale represents a substantial majority of the company’s midstream assets in the Marcellus, Utica, Eagle Ford, Haynesville and Niobrara shale plays. The buyer is Access Midstream Partners LP. It includes the sale of new market-based gathering and processing agreements that cover various acres. “We are

OnCue marks three millionth gallon of CNG sold in Oklahoma

Gary Ridley, ODOT director, and Mike Patterson, ODOT deputy director Photo by Shannon Cornman The state of Oklahoma helped provide business to those stations and other CNG fill-up points as the state fleet will be converted to CNG vehicles. Gary Ridley, director of the Oklahoma Department of Transportation, recently purchased 200 CNG vehicles for ODOT

Chesapeake hires, honors veterans

“Veterans perform well in our industry, and share our company’s commitment to energy independence,” said Martha Burger, Chesapeake senior vice president of human and corporate resources. “We hope to honor their talent, experience and military service with rewarding careers, while easing their transition to civilian life.” The team of recruiters that leads Chesapeake’s military hiring

Continental plans to increase production in North Dakota

Harold Hamm Photo by Mark Hancock The company entered into an agreement to purchase certain undeveloped properties in the Bakken – in which the company is the largest leaseholder – including leasehold of approximately 120,000 net acres in Divide and Williams counties in North Dakota. It will include production of 6,500 barrels of oil equivalent

Chesapeake completes Permian Basin asset sales

It sold the southern Delaware Basin assets in the Permian Basin to SWEPI LP, a subsidiary of Royal Dutch Shell PLC. The  northern Delaware Basin portion of the Permian Basin sold to Chevron U.S.A. Inc., a subsidiary of Chevron Corporation. Its producing assets in the Midland Basin portion of the Permian Basin sold to affiliates

Devon plans to move Houston office to Oklahoma City

The company plans to complete the move by the end of the first quarter of 2013. Work is nearing completion on the company’s $750 million headquarters in Oklahoma City.  Devon CEO John Richels said the Houston office has made enormous contributions to the company’s growth over the years, and he welcomes the addition of those

Continental plans growth, further Oklahoma exploration

For 2012, the expected total is approximately 36 million barrels of oil equivalent, the midpoint for growth. With projected levels of growth, it will result in production of 108 MMBoe in 2017. Production growth for 2013 is expected to be a 30- to 35-percent increase, based on a capital expenditures budget of $3.4 billion, excluding

British oil and gas manufacturer opens in OKC

The Oklahoma City plant is described as self-sufficient in all aspects of centralizer manufacturing. It has its own heat treatment unit and laser cutting equipment, and an onsite quality assurance and test laboratory. The testing capacities will ensure each Centek centralizer meets or exceeds API standards. Centek President John Carnuccio said within a 200-mile radius