(Commission Chairman David Burrage, Secretary of Transportation and ODOT Executive Director Tim Gatz, Remington Stitt, who was shadowing his father for a class project as governor for the day, and Gov. Stitt.) Highlights of the Oklahoma Transportation Commission’s Monday, April 1 meeting include an announcement by Gov. Kevin Stitt about Oklahoma’s improved bridge conditions, kickoff …
April 2, 2019 archive
BLM nets $15 million in oil and gas lease sale in Oklahoma and New Mexico
From the Associated Press: An oil and gas lease sale that drew criticism from tribal leaders and environmentalists has netted more than $15 million in revenue. The Bureau of Land Management says nearly half of the money from Thursday’s sale of parcels in New Mexico and Oklahoma will go to the two states and the …
Chesapeake announces $883 million in Senior Notes
Chesapeake Energy Corporation on Tuesday announced the final results of its private offers to exchange new 8.00% Senior Notes due 2026 for certain outstanding senior unsecured notes listed in the table below . As of 11:59 p.m., New York City time, on April 1, 2019 , approximately $883.5 million aggregate principal amount, or approximately 59.7%, of Existing Notes …
The case for rail transportation—-or is it?
Whether you support or don’t support the Green New Deal, those who want to do more to protect the environment have different plans. One argument is for an increase in rail transportation. However, even an admission by one proponent writing in The Conversation this week concluded it’s only for those in the high population areas …
Local governments to have more power in proposed oil and gas regulations in Colorado
A revamping of regulation of oil and gas drilling in Colorado is moving closer to becoming law at the hands of Gov. Jared Polis. The Colorado House has already passed the number of significant changes and this week, a Senate Committee deals with some changes in the bill. The new parts of Senate Bill 181 are intended …
April Fool’s earthquake no joke
April 1 was April Fool’s day but Mother Nature wasn’t fooling around when she unleashed another earthquake in Oklahoma. But this quake was in southcentral Oklahoma. Typically, most of Oklahoma’s earthquakes in the past 3 to 4 years have been in the oil and gas active regions of northern Oklahoma. The Monday afternoon quake …
May 16 set for OGE Energy Corp.’s annual meeting
OGE Energy Corporation’s annual meeting will be held May 16 in Oklahoma City. The company made a filing of a proxy statement with the U.S. Securities and Exchange Commission outlining the agenda which includes the election of 10 directors to its governing board. Shareholders are asked to elect 10 nominees including Frank A. Bozich, …
Ethanol and gluten operations in Russell, Kansas get new owner
A Connecticut investment company has acquired White Energy’s food ingredient and ethanol manufacturing operation in Russell, Kansas. Terms were not disclosed but the sale of the operations owned by the Plano, Texas company includes two integrated plants. One is the largest vital wheat gluten manufacturing facility in North America. The other is considered one of …
Baker Hughes to formally open new OKC manufacturing plant
Oklahoma Gov. Kevin Stitt will join in ceremonies Wednesday at the formal opening of the Baker Hughes General Electric Motor center of Excellence in Oklahoma City. The center, located at 12,701 North Santa Fe Avenue is dedicated to advancing the performance, quality and reliability of downhole drilling motors, according to the company’s description of the …
Newfield Exploration files more completion reports with two more large producers in STACK
Newfield Exploration flooded the Corporation Commission office with another 12 completion reports on Monday including two wells with more than 1,000 Boed production each. The Houston, Texas company filed six more in Blaine County, 5 in Kingfisher county and one in Canadian County, all counties that make up the prosperous STACK play in Oklahoma. …
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