Chapter 11 Bankruptcy Filed by Knight Energy Holdings

The downturn in the oil and gas industry has caught up Louisiana-based Knight Energy Holdings LLC. The company¬†filed for Chapter 11 bankruptcy this week showing it has nearly $200 million in secured debt and another $10 million in unsecured debt. Knight Energy is an oil and gas tool rental company whose leaders say they have …

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Cabot Turns the Tables on Pennsylvania Man in Pollution Lawsuit

Houston-based Cabot Oil and Gas Corp. has turned the tables on a Pennsylvania man who filed suit claiming the gas driller had polluted residential water wells in Pennsylvania. Cabot, one of the largest natural gas drillers in Pennsylvania went to court this week and filed a $5 million lawsuit against Ray Kemble and his lawyers …

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Owner Changes Mind…..Will Continue Operation of Largest Coal-Fired plant in Western U.S.

A change of heart by operators of the largest coal-fired power plant in the western U.S. Co-owners of the Colstrip Generating Station in southeastern Montana now say they will continue running the 2,100-megawatt plant for the foreseeable future. Last year, officials at Talen Energy based in Pennsylvania indicated that a new operator would be needed …

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Tri State Oil and Gas Convention Underway in Woodward

Northwest Oklahoma’s 6th annual Tri State Oil and Gas Convention is underway in Woodward. Lt. Gov. Todd Lamb will launch the convention Thursday morning with the opening keynote address beginning at 9:15. He’ll be followed by the annual Legislative Panel to be moderated by Adam Wilmoth, Energy Editor of the Oklahoman. The final speaker of …

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Purcell Oil Drilling Company Stuns Industry With Venezuelan Exploration Contract

A small independent oil and gas company headquartered in Purcell, Oklahoma is one of three companies that won bids to explore the world’s biggest oil reserves—-those in Venezuela. It has the energy world wondering how they did it. ¬†And maybe why. When word leaked recently that Horizontal Well Drillers LLC, whose chief executive officer is …

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OCC Calls for Wastewater Injection Reduction of Wells Near Edmond

The Oklahoma Corporation Commission has asked for reduced operations of wastewater injection wells following last week’s surge of earthquakes around Edmond. The directive applies to wells operating within a 10-mile radius of the earthquakes that caused damaged last week. The reduction will be by 95%. Three of the largest wells, the Dahl, Wishon and McCoon, …

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Supreme Court Weighs Legality of New Taxes Including One on Hybrid and Electric Cars

The Oklahoma Supreme Court now must decide on the three lawsuits filed in challenge of three new taxes and one tax deduction change following oral arguments Tuesday morning. Justices held three separate hearings on the suits and listened to 3 hours of arguments against the taxes. Attorney James Naifeh, representing GOP Gubernatorial candidate Gary Richardson …

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Sierra Club Joins Challenge of Oklahoma’s Electric Car Fee

Even as the Oklahoma Supreme Court on Tuesday heard arguments to some newly-created taxes on electric and hybrid vehicles, a new lawsuit was waiting in the wings. It was on Monday when the Oklahoma Sierra Club filed suit, challenging a registration fee on the electric vehicles. The suit is asking the court to rule House …

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Waste Management Opens 100th CNG Refueling Station in OKC

Houston’s Waste Management has opened its 100th CNG fueling station nationally this week in Oklahoma City. It held a ceremony Tuesday morning in the city as it dedicated the fueling station for the nearly 100 CNG-operated trash trucks refuel every day. Waste Management operates an estimated 6,000 natural gas trucks, the largest heavy-duty fleet of …

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Legislator Enters Race for Labor Commissioner

Mustang Rep. Leslie Osborn is the latest to enter the race to become Oklahoma’s next State Labor Commissioner. The Republican legislator announced Wednesday she is running for the Republican nomination to be decide in 2018. “We have serious challenges in Oklahoma,” said Osborn in announcing her candidacy. “I am convinced we can meet them. As …

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