Shakeup at SandRidge Energy’s Board

Amidst Carl Icahn’s takeover attempt at Oklahoma City’s SandRidge Energy, the company chairman John V.  Genova has retired immediately over the past few days. Michael L. Bennett is the new chairman. He has been a director of the company since October 2016.  The board of directors also named Kenneth H. Beer to be a new …

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How Scott Pruitt Used a Shell Company to Buy an OKC Mansion

  With a growing debate among Oklahomans whether it’s piling on to report the criticism of the way Scott Pruitt has been the administrator of the EPA, there is a report now that is critical of  the way Pruitt did things when he was a state legislator and Oklahoma Attorney General. The New York Times …

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Wind Company Leader Speaks Against Wind Tax

Another wind industry leader is speaking out against possible plans in the Oklahoma legislature to put a tax on wind farm operations. He is Ron Flax-Davidson who is chairman and CEO of PNE Wind USA,Inc. a firm based in Chicago. The company is in the process of building the Chilocco Wind Farm to be located …

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Nation’s Drilling Rig Count Shows No Letup in Search for Oil and Gas

The number of oil and gas rigs breaking the horizon around the U.S. just keeps growing, increasing by 5 in the pas week to reach 1,013.  Oklahoma’s count slipped by one to reach 127, according to figures from Baker Hughes Co. and the Independent Oil and Gas Service in Wichita, Kansas. The national count included …

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Cushing’s Latest Midstream Company

A newly-formed midstream energy company in Oklahoma is headquartered in Tulsa, but its real base of operations will be in Cushing and the oil marketing hub of the nation. While Dariusz Cichocki describes his Getka company as “four guys, a pickup truck and some cows,” he also admits the company received an initial commitment of …

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Rep. Bridenstine’s Resignation from Congress Coming Soon

  It could be a matter of only a few days before Oklahoma Rep. Jim Bridenstine resigns from office to become Administrator at NASA, the job he was sought for nearly 8 months. Following his confirmation in the U.S. Senate, Bridenstine issued a statement. “It is an honor to be confirmed by the United States …

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Linn Energy Splitting Up in Move Affecting Oklahoma Operations

Linn Energy Inc. in Houston has announced a plan to split into two companies this year in a move that will affect operations in Oklahoma. The announcement came a year after the company was formed following the emergence from bankruptcy by Linn Energy LLC. With a main focus on what it describes as the “development …

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Valero Refinery Blast Under Investigation

Valero is investigating the cause of a Thursday explosion at its 225,000 barrel-a-day refinery in Texas City, Texas. No one was hurt and the fire was quickly contained. The blaze, according to the Texas City Emergency Management department burned light hydrocarbons and was contained in about 90 minutes. The fire happened at a 12,000-bpd alkylation …

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Chesapeake Declares Dividends

Chesapeake Energy announced Friday its Board of Directors declared dividends on outstanding convertible preferred stock issues. Dividends were for stock issued in 2005 and 2010 with interest rates ranging from 4.50% to 5.75%. The company also plans to release its 2018 first quarter financial results before the open of markets on Wednesday, May 2.  

Electric Cars Not Ready to Replace Others in the Market

Electric cars are nowhere ready to take over the market in the U.S. according to a report by Houston-based IHS Markit. The firm issued a report this week indicating short-term oil demand is growing strong and will continue to do so through the end of 2020. Electric cars are seeing an increase focus but IHS …

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