Author's posts
Chesapeake Energy execs push ahead with buyup of company stock
Even as we reported how the stock buyups by executives at Oklahoma City’s Chesapeake Energy were growing, more purchases were made this week by leaders of the company. Chairman Emeritus Archie Dunham made still another acquisition as reported by Chesapeake in a filing made Dec. 26 with the Securities and Exchange Commission. His latest purchase …
Appeals court upholds $6 million judgment in support of OKC oil company
The Denver Federal Appeals court has ruled against two defendants who appealed after losing a lawsuit filed by Husky Ventures, Inc., an Oklahoma City oil and gas company. The unsuccessful appeal had been filed by B55 Investments, LTD and its president Christopher McArthur. A jury awarded Husky $4 million compensatory damages against B55 and McArthur …
Wind power records keep falling
The Southwest Power Pool, of which Oklahoma is a member, set another wind generation record in the past week. Wind-generated electricity totaled 16.38 gigawatts for the customers in the 546,000 square miles served by the pool. It was on Thursday and came at 7:40 in the morning as the electricity provided by wind farms throughout …
Trade secret ruling goes against Colorado driller
A Colorado company that successfully sued over an employee’s newly-designed sealed bearing pack for mud motors used in oil and gas drilling has lost an attempt to reopen a second lawsuit. The U.S. 10th Circuit Court of Appeals ruled against Hawg Tools, LLC in a legal fight with Newsco International Energy Services, Inc., Newsco International …
Group files federal suit to protect garter snakes
The government’s being hauled into court over garter snakes. The Center for Biological Diversity, a group whose complaint sparked an Oklahoma Bar Association ethics investigation of former EPA Administrator Scott Pruitt has sued the Trump administration. The Center wants the government to protect the garter snake’s critical habitat in New Mexico and Arizona. The …
Contractors applaud additional revenue for legislature
The leaders of a contractors group in Oklahoma are excited after the State Equalization Board certified a $612 million increase in appropriations for the legislature’s 2019 session. “The Association of Oklahoma General Contractors is elated to hear news of Oklahoma’s rebounding economy and record-setting revenue,” said Bobby Stem, Executive Director. In a statement issued over …
Power supply firm to release earnings report
Minnesota based Xcel Energy, the firm with more than 200 miles of transmission lines in Oklahoma and wind farm operations in several states plans to review its fourth quarter 2018 financial results in a few weeks. The Minneapolis company announced it will hold a conference call on Jan. 31, 2019 to discuss the results. …
Greenheck finishes first phase of a new Tulsa campus
Governor Mary Fallin joined officials last week to help Greenheck Group, a Wisconsin-based manufacturer of air movement, control and conditioning equipment, celebrate completion of phase one of its Tulsa campus. The first phase includes more than 200,000 square feet of operational space and 20,000 square feet of office space that will open in January. The …
Weekend earthquakes reported in Oklahoma while West Texas was shaken by stronger quakes
While Oklahoma had a few minor earthquakes over the weekend, West Texas was rumbling with a 3.7 magnitude quake. Oklahoma’s two quakes were in the northern part of the state. A Saturday evening quake that measured 2.3 magnitude happened near the community of Wakita which is next to the state line and about 33 miles …
Rig numbers increased in Oklahoma and the nation
Rig counts in Oklahoma and the nation increased over the past week. Oklahoma’s count grew by one to reach 141 active rigs while the nation’s count swelled by 9 to hit 1,080. Nationally, the count included 10 more oil rigs for a total of 883 while the number of gas rigs dropped by one to …
