December 27, 2018 archive

ConocoPhillips stands alone on Energy Index

ConocoPhillips workers in Oklahoma, Texas and elsewhere can rejoice at the end of the year knowing the company they work for is the only one in Standard and Poor’s 500 Energy Index that posted a year-to-date gain. Through Monday’s close, ConocoPhillips was up 3.9 percent for the year. But the other 29 members of the …

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Conflict of interest charges fly over New Mexico’s expanded oil and gas drilling

The New Mexico State Land Commission is calling for a state attorney general’s investigation of regulators and Hilcorp Energy Co. of Texas. Commissioner Aubrey Dunn contends there are potential conflicts of interest as the New Mexico Oil Conservation Commission approved expanded drilling by Hilcorp in the San Juan Basin located in northern New Mexico. The …

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Another director joins grab of Chesapeake Energy shares

Still another director of Chesapeake Energy based in Oklahoma City has made a big acquisition of company shares. Director Thomas L. Ryan made a nearly $3,618,000 purchase this week of 200,000 shares, according to a Form 4 filing made by the company with the Securities and Exchange Commission. He paid an average $1.809 per share …

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Proxy statements in the mail over $4 billion merger of Chesapeake Energy and WildHorse Resource

Shareholders in Chesapeake Energy and WildHorse Resource Development are getting letters this week notifying them of the planned $4 billion merger by the two energy firms and the meeting to decide it. Proxy statements are part of the letters. Chesapeake Energy shareholders will meet Jan. 31, 2019 at 10 a-.m. to consider and vote upon …

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Review panel urges legislature to end Energy Tax Credit program

A state panel that reviews the effectiveness of economic tax incentives in Oklahoma is recommending the repeal of at least one energy tax credit. The Oklahoma Incentive Evaluation Commission voted in a recent meeting to urge repeal of the Energy Efficient Residential Construction Tax Credit. The vote was 5-0. The Commission also voted to recommend …

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Wind farm owner to stand trial in February on $1 million fraud scheme charges

  A former Minnesota wind farm owner and operator charged with a $1 million fraud scheme is reportedly headed to trial in the coming year. Kerry Dale Kisslinger, 58, is a former owner and CEO of ES Windpower, Inc. and was indicted in November. His company sold wind turbines to farmers and ranchers throughout the …

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Inauguration ceremonies set for Oklahoma’s Governor-elect Stitt and other state elected officials

The inauguration of Oklahoma Governor-elect Kevin Stitt and the swearing in of elected-state officials who’ll handle many energy-related issues will be held Jan. 14, 2019. Details of the events leading up to the inauguration have been released. The inauguration will begin at 11:30 a.m. on the south steps of the State Capitol. ‚ÄúSarah and I …

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Two Wind Farm thieves in jail—3 others on the run in southern Oklahoma

Two men are jailed and three others are on the run—wanted for stealing equipment from a wind farm operation in southern Oklahoma. KXII TV reports the arrests and charges come after trailers loaded with special equipment used for the wind turbines were stolen from the Wind Farms in Murray County. “I mean they really put …

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Muskogee hopes to attract new industry to Port

The Muskogee City-County Port Authority hopes to land a $635,000 grant to be used to attract a new company to Muskogee’s industrial base. The Muskogee Phoenix reports that Industrial Development Director Marie Synar said the deal, if it comes to fruition, would create “45 good-paying jobs” that meet the requisites for incentives through the port …

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