Oklahoma City-based Chesapeake Energy has eliminated some of its compensation plan for its members of the board of directors, but the company did not give an explanation of why it initiated the move. Revelation came in a recent filing the company made with the U.S. Securities Exchange Commission. It stated that the Board of Directors …
** “I’m done with fossil fuels. They’re done. They’re just done.”CNBC’s Jim Cramer didn’t even feel the need to address the disappointing earnings from the oil majors. Chevron and ExxonMobil had just announced fourth quarter results, which saw profits drop again. Their stock prices were down by 2 percent or so. It didn’t matter. He …
The Oklahoma Department of Mines will hold hearings this week on proposed changes to its mining rules—those applying to the protection of water quality and sources, blasting and groundwater basins. As advertised by the department, one proposed rule change would apply to Non-Coal rules and Regulations and is the result of HB 2471 which …
If the weather forecasters are accurate, much of Oklahoma could get snow this week. Maybe four to six inches. So energy crews from those working on wind farms to oil and gas rigs and power crews are digging out their cold weather gear as “blue norther” clouds started gathering on Monday. Gary McManus, the State …
Hours after a second worker died of injuries suffered in a Chesapeake Energy well fire in South Texas on Wednesday, the Oklahoma City-based company was sued by the mother of the first victim. KAGS TV in Bryan, Texas reported the lawsuit was filed by Linda Milanovich whose son Windell Beddingfield died from his injuries in …
Net income slipped in Magellan Midstream Partners, L.P.’s fourth quarter according to a recent report by the Tulsa-based company. Magellan reported fourth quarter 2019 net income was $286.4 million compared to $314.1 million a year earlier. “The decrease in fourth quarter 2019 net income was driven by mark-to-market adjustments for hedge positions related to the …
The Texas Supreme Court on Friday handed a victory to Houston-based Enterprise Products Partners in a lawsuit filed by Energy Transfer Partners over a planned pipeline at Cushing, Oklahoma. The legal battle between the two midstream competitors finally came to an end after eight years when the court decided whether the firms had legally formed …
