While Oklahoma U.S. Sen. Jim Inhofe is well known for his stands against some of the Environmental Protection Agency and its Clean Power Plan, Rhode Island Democratic Sen. Sheldon Whitehouse is making his own charges against Clean Power Plan opponents. He’s accusing them of running a well-oiled “propaganda machine” that he claims is supported by …
June 2016 archive
New Drilling Rules in Pennsylvania Likely to Affect Oklahoma Firms Drilling in the State
In a move that will directly affect Oklahoma City’s Chesapeake Energy, Pennsylvania Gov. Tom Wolf struck down efforts to create tougher regulations of the oil and gas drilling industry in the Marcellus Shale region of the state. It’s where Chesapeake has nearly made its home for the past several years, becoming a major player …
Breitling Energy CEO Hit with SEC Lawsuit Accusing him of Misspending $80 million
A Dallas energy company executive stands accused of defrauding investors of nearly $80 million, money he allegedly spend on private jets, personal escorts and gentleman’s clubs. The Securities and Exchange Commission, in the filing of a lawsuit in Dallas accused Chris Faulkner of spending at least $30 million to “maintain a lifestyle of decadence and …
Williams Special Meeting of Shareholders to be Held on Monday
The Tulsa-based Williams Companies will hold a special meeting of shareholders at its headquarters on Monday at 9 a.m. in order to vote on the merger agreement with Energy Transfer Equity, according to a new report issued by The Tulsa World. On Friday, a Delaware chancery court judge ruled in ETE’s favor over the long-awaited …
Brexit Uncertainty Following Vote Results in Oil Futures Plunge
Oil futures sank nearly 5% on Friday in response to the United Kingdom’s referendum vote to leave the European Union, according to Bloomberg MarketWatch. “The unknowns surrounding the Brexit and chances that other countries may follow suit will be seen as a substantial headwind for risk assets, including oil in the near term, while demand …
Completion Reports June 27, 2016
CREEK COUNTY Quartz Mountain Oil & Gas Llc 26 14N 10E Ihle 1-26, February 17, 2016 SH, DRY, TD: 3271 ft Lat: 35.66729, Long: -96.21389 API: 35037293020000 HUGHES COUNTY Petroquest Energy Llc Woodford(5265): Gas 1879 Water 1015 Flow 9 7N 11E Elaine 2-4h, March 11, 2016 HH, GAS, TD: 9862 ft Lat: 35.09957, Long: -96.14537 …
Permits to Drill June 27, 2016
Canadian County MCKINNEY 1207 #1-35WH, June 24 2016 35 12N 7W SESESESW API: 01724914 Lat: 35.46479902188582, Long: -97.91127983114231 PAYROCK ENERGY LLC HH, DR, 15307 ft, WOODFORD(9912) Canadian County ENLOW #3-10, June 24 2016 10 13N 8W CSESE API: 01723669 Lat: 35.61122983121596, Long: -98.0326357993989 SAND POINT PRODUCTION INC SH, RC, 9475 ft, TONKAWA(6784), OSWEGO(8670) Carter County …
Judge Rules ETE has Right to End Merger with Williams Cos.
A judge in Delaware has ruled against the efforts of Tulsa-based Williams Companies to continue with a $38 billion merger with Energy Transfer Equity of Dallas, Texas. Delaware Judge Sam Glasscock issued a 62-page opinion and denied the request of Williams to prevent ETE from ending the proposed merger over the lack of a needed …
State and ConocoPhillips Reach $3.7 million Settlement in Double Dipping Lawsuit
Accused in lawsuits of profiting from pollution, ConocoPhillips has agreed to a $3.7 million settlement with the State of Oklahoma. The agreement was signed this week and in it, ConocoPhillips admitted to no wrongdoing nor liability, according to documents obtained by OK Energy Today. The agreement ended a 2013 lawsuit filed by the State accusing …
AG Mum about Impact of VW Scam Settlement
Oklahoma Attorney General Scott Pruitt has yet to say whether the offer by Volkswage to pay more than $10 billion to settle claims in the emissions cheating scandal will apply to the lawsuit he recently filed in Oklahoma City federal court. A request by OK Energy Today for a comment from Pruitt’s spokesman was not …