Oklahoma Sierra Club Prepares for Annual Gathering

The Oklahoma Chapter of the Sierra Club is preparing for its annual chapter gathering set for the weekend of Oct 21 at the Chickasaw National Recreation Area near Sulphur. It begins Friday afternoon at 5 o’clock, with a music mixer. On Saturday, Oct 22 from 9 a.m. to 2 p.m. there will be multiple outing …

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OGE Offer for Enable Midstream Stake is Rejected by CenterPoint

Houston-based CenterPoint Energy has rejected an offer for its stake in Enable Midstream Partners from its partner, OGE Energy, according to an Argus news report published on September 29. “There is no material agreement to report at this time,” said William D. “Bill” Rogers, CenterPoint’s chief financial officer and executive vice president. CenterPoint’s 30-day period to consider …

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Latest Aubrey McClendon Estate Fight Focuses on Alleged Conflict of Interest

One of the growing legal issues confronting the estate of the late Oklahoma oil and gas mogul Aubrey McClendon focuses on the sale of 18,000 production acres in Oklahoma’s SCOOP and STACK plays. The investment group, Wilmington Trust which is a major creditor in the McClendon probate case, is opposed to the sale because an …

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McClendon’s Widow Unloading $14 million Mansion in Bermuda

Aubrey McClendon’s widow is attempting to sell their luxury home in Bermuda for nearly $14 million. Called Winsor House, it sits on a cliffside and is officially listed for sale for $13.9 million.  Already, it is under contract according to the Royal Gazette. The paper also said that despite the huge price tag, the house …

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Newfield Wraps up $380 million Sale of Texas Holdings

Newfield Exploration, the Houston-based company with a large presence in Oklahoma’s STACK play has finished its $380 million sale of its oil and gas assets and undeveloped acreage in Texas. The company announced earlier in the year of its plans to unload the Texas holdings so it could focus on the successful STACK. Its Eagle …

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SandRidge Prepares to Emerge from Chapter 11 Bankruptcy with Aggressive Drilling Program

Oklahoma City-based SandRidge Energy is expected to come out of bankruptcy in the coming week and already has announced plans to spend an estimated $250 million on 37 wells in the remainder of the year. SandRidge filed Chapter 11 bankruptcy earlier in the year but now plans to embark on an aggressive drilling pattern that …

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Ground Water Protection Council Gets $5 million Energy Department Grant

  WASHINGTON – U.S. Sen. Jim Inhofe (R-Okla.), chairman of the Senate Environment and Public Works (EPW) Committee, praised the $5.2 million Department of Energy (DoE) grant awarded to the Ground Water Protection Council in Oklahoma. ‘I applaud the Ground Water Protection Council for being awarded this $5.2 million federal grant, showing that states are …

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Oklahoma Royalty Owner Accuses BP of Gas Royalty Fraud

An Oklahoma man has taken BP America Production Company to U.S. District Court accusing it of defrauding natural gas royalty owners of millions of dollars. John Cecil alleges in his class-action lawsuit (CV-00410) that BP improperly deducted processing costs to make the gas marketable for sale. He accused the company of not paying royalties o …

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DOE Study Confirms Renewable Energy Growth

A recently released Department of Energy study confirmed some startling news about renewable energy. Green energy costs and generation were analyzed and revealed that renewable power operations have developed rapidly over the past eight years, according to U.S. Energy Secretary Earnest Moniz. The study concluded that the cost of five clean energy technologies — from wind …

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Williams Still Blames ETE for Failed $38 Billion Merger

Tulsa-based Williams Cos. is still fighting a ruling by a Delaware State judge that brought an end to its proposed $38 billion merger with Dallas-based Energy Transfer Equity LP. In a filing this week, Williams told the court that ETE could have done much more than it did in overcoming tax issues that proved to be …

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