December 14, 2019 archive

Ponca City refinery to get upgrades in 2020 Phillips 66 capital spending budget

The Phillips 66 refinery located in Ponca City, Oklahoma will get an upgrade as part of the company’s new 2020 capital program announced over the weekend. Phillips 66 revealed at capital budget of $3.3 billion, net $0.5 billion expected cash capital contributions from joint venture partners. The adjusted capital budget includes $0.9 billion for Phillips …

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Energy news in brief

**  Rogers Oil Co. in Oklahoma City recently purchased a new office building, paying $1,043, 700 for the site at 9537 N. Kelley Avenue. The 5,894-square office building was sold by Boyington Eat LLC which had owned it since 2009. ** A new oil industry report says technology to capture carbon dioxide emissions needs more …

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Democrats complain about EPA’s Chief of Staff

The actions of Oklahoman Ryan Jackson, a former aide to U.S. Sen. Jim Inhofe and now Chief of Staff at the EPA prompted the chairmen of two House committees to complain to EPA Administrator Andrew Wheeler. In a letter to Wheeler, Democrats Eddie Bernice Johnson who chairs the House Committee on Science, Space and Technology …

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Chesapeake Energy gets a ‘delisting’ warning from NYSE

    Another sign of struggles for Oklahoma City’s Chesapeake Energy Corporation—it’s been warned of being delisted from trading on the New York Stock Exchange. The company confirmed Friday it received written notice on Dec. 10 from the NYSE of its noncompliance with the standard set forth in a rule of the NYSE Listed Company …

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Stillwater oilman to pay nearly $3 million to settle SEC complaint

The U.S. Securities Exchange Commission announced that Stillwater oilman John Special agreed to pay nearly $3 million to settle an insider trading civil complaint against him. His is the second case stemming from allegations of insider trading involving former Marathon Oil Corp. chairman Dennis Reilley of Oklahoma City. (see Dec. 4 OK Energy Today)The case …

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SandRidge Energy replaces President after 11 months

  Oklahoma City’s SandRidge Energy, Inc. apparently figured its 11-month leadership under Paul D. McKinney wasn’t working and replaced him on Friday with interim CEO John P. Suter. McKinney had been CEO only since January 2019 and his replacement came as SandRidge announced it had initiated a series of actions designed to “improve shareholder value.” …

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