February 11, 2020 archive

New SEC filing shows investors groups with shares in SandRidge Energy

  A filing by SandRidge Energy this week with the U.S. Securities Exchange Commission reveals ownership in company shares by some investors. The Schedule 13G filing indicated 0.6% of SandRidge shares are held by CVI Opportunities Fund I and Fund II of Wilmington, Delaware; GI Execution Services LLC of Chicago, Illinois; Sesquehana Advisors Group Inc. …

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Survivor of tragic 2018 well blowout files suit

Even as a Pittsburg County jury was hearing evidence in the lawsuit trial over a 2018 gas rig fire that killed five men near Quinton, the companies involved were being sued by a survivor of the tragic incident. The capability of reviewing any cases related to the trial and lawsuit were kept from public viewing …

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House Demos lay out 2020 plan but exclude energy and transportation

The Democratic Caucus in the Oklahoma House of Representatives announced its “Brand New State” agenda this week but it included no reference or mention of improving the energy industry. Instead, the caucus said it will focus on ways to “generate better outcomes in areas of health care, criminal justice, education and the economy.” “Last year, …

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Millions in common units up for sale at NGL Energy

Tulsa’s NGL Energy Partners LP announced plans to raise more capital for its projects with the offering of more than 25 million shares in the company. In a filing with the Securities and Exchange Commission, the company offered the Class D Preferred units as well as 25,500,000 common units. The common units represent limited partner …

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SCOOP is a busy place for OKC’s Roan Resources

Oklahoma City’s Roan Resources has been busy in the state’s SCOOP, reporting completion of three Grady County mother-daughter wells with combined production of nearly 2,300 barrels of oil a day. Located at 15 9N 5W or about 2 miles north of Bridge Creek, the wells were drilled in the spring and summer of 2018 and …

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OKC Oilman fined for lying to FBI

Oklahoma City oilman John Kenneth Davidson has been hit with a $100,000 fine from a federal judge for lying to an FBI agent during an insider trading investigation. U.S. District Judge Stephen Friot fined the 68-year old Davidson this week and did not sentence him to prison over the 2018 incident. Davidson was also put …

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