Ring Energy, Inc. announced Wednesday that it intends to offer shares of its common stock with an option to purchase an additional 15% of the amount of shares in the public offering. The offering is subject to market conditions. There is no assurance as to whether or when the offering may be completed or as …
Tulsa-based Sheehan Pipe Line Construction Company filed for Chapter 11 bankruptcy Friday in U.S. Bankruptcy Court for the Northern District of Oklahoma, according to a Tulsa World report. The Chapter 11 bankruptcy filing lists both Sheehan’s estimated assets and liabilities as being somewhere in the $50 to $100 million range. The company’s estimated number of …
Oil futures settled Wednesday at another high for the year, after U.S. government data showed a fall in weekly domestic crude production for a sixth straight week, according to Bloomberg MarketWatch. Prices had seen sharp losses early in the session, pressured after Kuwait oil workers ended a strike that had reduced the country’s crude …
Grady County SKAGGS #1H-4, April 20 2016 09 9N 5W NWNWNWNW API: 05124033 Lat: 35.27560543566135, Long: -97.74066855639283 CITIZEN ENERGY II LLC HH, DR, 15500 ft, WOODFORD(10000) Grady County SKAGGS #1H-5, April 20 2016 09 9N 5W NWNWNWNW API: 05124034 Lat: 35.27552301674989, Long: -97.74066855734311 CITIZEN ENERGY II LLC HH, DR, 15600 ft, WOODFORD(10100) Payne County ALDEAN …
When the U.S. Senate gave overwhelming approval to the nation’s new energy bill, it did not have the support of Oklahoma U.S. Senator James Lankford. “I cannot support legislation that uses taxpayer dollars flippantly,” said the Republican Senator in a statement after the Wednesday morning vote. “The bill encourages an expansion of federal land holdings …
Oklahoma City-based American Energy-Woodford LLC announced today it has changed its name to White Star Petroleum LLC as a stand-alone company. At the same time, it is making a $200 million purchase of assets from Devon Energy. Elliot J. Chambers, newly named as Chief Executive Officer, said it means White Star will be fully independent …
The U.S. Senate on Wednesday passed the nation’s first broad energy bill in years on an 85 to 12 vote, drawing praise from Oklahoma U.S. Senator Jim Inhofe, chairman of the Senate Environment and Public Works Committee. The measure will reportedly align the nation’s oil, gas and electricity infrastructure. “This bill will improve the production, …
Oklahoma Insurance Commissioner John Dock says the May 24 hearing into earthquake insurance rates doesn’t mean he believes the companies have done anything wrong. It’s what he told Ok Energy Today following his announcement of the hearing. Doak said he’s exploring not only the rates and how some have risen 100 percent but also whether the …
Hit with lawsuits accusing it of antitrust violations and allegations of bid-rigging, Chesapeake Energy has been successful in getting eleven class-action suits consolidated in Oklahoma City federal court. U.S. District Judge Vickie Miles-LaGrange issued the order after several suits were filed following the March federal indictment of former Chesapeake CEO Aubrey McClendon who died later …
Oklahoma City ranked as the nation’s 24th-most polluted city for ozone but made improvements over 2015 according to the American Lung Association’s 201 “State of the Air” report. “The 201 State of the Air report finds unhealthful levels of ozone in Oklahoma City, putting our local citizens at risk for premature death and other serious …
