Chesapeake Energy Corporation announced it has amended and restated its senior secured revolving credit facility agreement. The amended and restated facility received initial commitments from 15 institutions totaling $3.8 billion, which exceeded the $3.0 billion borrowing base the company was seeking. The initial borrowing base does not include any properties being sold in the company’s $2.0 billion Utica Shale transaction …
An investigation by E and E News found that many Democratic leaders and lawmakers who are critical of oil and gas and recently signed a pledge to refuse donations from fossil fuel companies—have their own money invested in coal, oil and natural gas companies. It’s what E and E News found in reviewing the pledges …
A new study by one firm indicates the wind industry in Oklahoma and other states in the U.S. will soon start spending more on operations and maintenance than on installation of new wind turbines. That’s because the turbines are aging and the turning point will be in three years, according to a study by IHS …
The Texas- based Energy Transfer Partners company is probing the fiery explosion of one of its natural gas lines that had barely been in operation for a week in Pennsylvania. The 24-inch, 100-mile Revolution line exploded early Monday morning in Beaver County, Pennsylvania and sent flames an estimated 150 to 200 feet into the air. …
Sea ports and at least one pipeline company started shutdown efforts on Tuesday in preparation for the arrival of Hurricane Florence, one of the strongest storms to hit the East Coast in decades. Mountain Valley Pipeline began closing operations of its 303 mile natural gas pipeline that runs through Virginia. The company explained it was …
The U.S. Environmental Protection Agency announced its commitment to clean up the Delfasco Forge Site in Grand Prairie, TX, by adding the hazardous waste site to the Superfund Program’s National Priorities List . This addition, among others nationwide, represents commitments from the Agency to advance cleanup to protect communities across the country. “In adding these …
The U.S. Environmental Protection Agency recently awarded $115,000 to the Quapaw Tribe of Oklahoma, as part of the General Assistance Program (GAP). The tribe will use the funds to administer their environmental program and assist in the development of multimedia programs to address environmental issues. “Supporting our tribal partners is essential in achieving sustained environmental protection …
As Hurricane Florence targets the East Coast with some weather experts predicting up to 45 inches of rain, other states are pitching in to help and that includes Oklahoma. Oklahoma Governor Mary Fallin and the Oklahoma Department of Emergency Management (OEM) announced that Oklahoma is sending numerous resources to coastal states to assist with the …
Continental Resources is showing no letup in searching for oil and gas in Grady County. Neither is Roan Resources. The latest issuance of permits to drill by the Oklahoma Corporation Commission included 7 permits for Grady County. Four were granted to Oklahoma City-based Continental Resources in multi-well pads along state highway 39 just east of …
Tallgrass Energy, LP, a Kansas City based pipeline company with operations in Oklahoma says it’s been given an improved rating by Fitch Ratings. Fitch assigned BBB- long-term Issuer Default and Senior Unsecured Ratings to both Tallgrass Energy Partners, LP, TGE’s subsidiary where the Tallgrass family debt is held and Rockies Express Pipeline LLC. “We are …
