November 26, 2020 archive

Two energy companies end up in court over sale agreement

  A lawsuit has been filed in Tulsa County District Court where Foster Energy, LLC is accusing Tidewater Energy Group of a breach of contract stemming from a November 2019 purchase and sale agreement. Foster Energy, an Edmond based firm with primary business in Oklahoma, Pennsylvania and Texas contends it lost millions of dollars when …

Continue reading »

Renewed drilling interest in Oklahoma

  The latest release of data from the Oklahoma Corporation Commission shows a flurry of permits to drill released to companies wanting to do some exploration. Sanguine Gas Exploration LLC obtained a permit to drill in Blaine County. It intends to drill the J D #1-16,  at a site about 10 miles west of Geary. Cimarex …

Continue reading »

Chesapeake reorganization plan wins bankruptcy judge’s approval

  A bankruptcy judge in Texas has signed off on the Chapter 11 reorganization plan of Oklahoma City’s Chesapeake Energy. The approval this month came after the company filed reorganization bankruptcy in September. On Nov. 4, the U.S. Bankruptcy Court for the Southern District of Texas signed off on the plan which became effective Nov. 19, …

Continue reading »

Energy news in brief

** More than $500 million worth of Australian coal is on ships anchored off Chinese ports, as a diplomatic spat between the two countries cuts into trade, idles a portion of the world’s dry bulk carriers and threatens to spiral into a humanitarian crisis reported Bloomberg. ** The Associated Press reported a judge on Monday voided permits …

Continue reading »