He might not have had a direct relationship with Oklahoma energy producers, but his leadership as Saudi Arabia’s oil minister was definitely felt by them. Now, Ali al-Naimi has been removed from power by his own government and replaced by former Health Minister and Saudi Aramco board chairman Khaled al-Falih. Al-Naimi had led the Saudi …
Oklahoma’s largest oil and gas advocacy group is concerned that energy legislation is pending with less than three weeks remaining in the state’s 2016 legislative session. House Bill 2177 was introduced in February 2015 by House Speaker Jeff Hickman (R-Fairview). A carryover from last year’s session, HB 2177 provides for an alternate development method to …
Seventy Seven Energy Inc. filed its Form 8-K with the U.S. Securities and Exchange Commission on Monday, indicating the company has commenced soliciting acceptances of its prepackaged Chapter 11 bankruptcy reorganization plan. The Company set a deadline of June 3 for residual lenders to accept or reject the reorganization plan. In the SEC filing, the …
