February 26, 2020 archive

What’s next for OKC’s Chesapeake Energy?

After reporting a fourth quarter loss that was slightly better than expected by analysts, Oklahoma City’s Chesapeake Energy Corp. saw its shares plunge 13.3% toward a record low in morning trading on Tuesday. The major tumble came after Chief Executive Doug Lawler revealed plans were being laid for a reverse stock split in what to …

Continue reading »

Schlumberger leader says crazy shale production days are gone

The head of Schlumberger is predicting we have seen the last of the crazy rate of production in U.S.shale. And that includes Oklahoma. It’s the claim of CEO Olivier Le Peuch, the man who runs the worldwide company with exploration and production offices throughout Oklahoma where some of that “crazy” oil production has occurred over …

Continue reading »