March 3, 2016 archive

Royalty Owners Sue Chesapeake, SandRidge and former SandRidge CEO Tom Ward

Even though federal prosecutors dropped their bid-rigging case following the death of Oklahoma oilman Aubrey McClendon, private landowners are stepping in and seeking their own justice.
A group of oil and gas royalty owners, led by the Dallas,Texas la…

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Royalty Owners Sue Chesapeake, SandRidge and former SandRiddge CEO Tom Ward

Even though federal prosecutors dropped their bid-rigging case following the death of Oklahoma oilman Aubrey McClendon, private landowners are stepping in and seeking their own justice.
A group of oil and gas royalty owners, led by the Dallas,Texas la…

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Permits to Drill March 4, 2016

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Completion Reports March 4, 2016

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Feds to Drop Charges Against Oilman Killed in Crash—–Probe Not Ending

The Justice Department is dropping the case against the late Oklahoma oilman Aubrey McClendon in the wake of his death Wednesday morning in a traffic crash in Oklahoma City. However, it does not mean the government is ending its probe of bid-rigging al…

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State Treasury Suffers Another Tax Collections Hit in February

If it’s March, then the monthly gross receipts to the Oklahoma Treasury in February were down again. State Treasurer Ken Miller said they were for the 10th consecutive month. The February receipts of $758.5 million are down by nearly $90 million or mo…

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Bid-Rigging Conspiracy Involved Many Employees

The indictment filed against Aubrey McClendon in Oklahoma City’s western district of the U.S. District Court indicates that many more than just McClendon were involved in the alleged scheme to rig bids on oil and gas leases in northwest Oklahoma.
As l…

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SandRidge Other Company in McClendon Indictment?

Bloomberg News and the New York Times report the second unnamed company in the federal indictment that was handed down the day before oilman Aubrey McClendon’s death in the crash of his SUV was SandRidge Energy Inc.
The business wire and newspaper als…

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20-cent Jump in Gasoline Prices in Oklahoma in Past Week

In one week, gasoline prices in Oklahoma have rebounded 20-cents a gallon on average as the new statewide average is up to $1.68 a gallon, according to Gas Buddy, the gasoline price website.
The site said the state’s $1.68 average as of Thursday morni…

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Air Force General Agrees with Sen. Inhofe on Lifting of Oil Export Ban

When the U.S. lifted its 40-year old export on oil exports, U.S. Senator Jim Inhofe was one of those who supported the move. This week, he also got the support of Air Force Gen. Phillip Breedlove, head of European Command who believes the lifting of th…

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