Chesapeake gets more operating credit than it wanted

Chesapeake Energy Corporation  announced it has amended and restated its senior secured revolving credit facility agreement. The amended and restated facility received initial commitments from 15 institutions totaling $3.8 billion, which exceeded the $3.0 billion borrowing base the company was seeking. The initial borrowing base does not include any properties being sold in the company’s $2.0 billion Utica Shale transaction …

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Critical of fossil fuels, Democrats still take money from coal, oil and gas companies

An investigation by E and E News found that many Democratic leaders and lawmakers who are critical of oil and gas and recently signed a pledge to refuse donations from fossil fuel companies—have their own money invested in coal, oil and natural gas companies. It’s what E and E News found in reviewing the pledges …

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Energy Transfer deals with fiery explosion of week-old gas pipeline

The Texas- based Energy Transfer Partners company is probing the fiery explosion of one of its natural gas lines that had barely been in operation for a week in Pennsylvania. The 24-inch, 100-mile Revolution line exploded early Monday morning in Beaver County, Pennsylvania and sent flames an estimated 150 to 200 feet into the air.  …

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Pipeline operator prepares for massive hurricane to hit

Sea ports and at least one pipeline company started shutdown efforts on Tuesday in preparation for the arrival of Hurricane Florence, one of the strongest storms to hit the East Coast in decades. Mountain Valley Pipeline began closing operations of its 303 mile natural gas pipeline that runs through Virginia. The company explained it was …

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Former munitions plant added to EPA’s Superfund program

The U.S. Environmental Protection Agency announced its commitment to clean up the Delfasco Forge Site in Grand Prairie, TX, by adding the hazardous waste site to the Superfund Program’s National Priorities List . This addition, among others nationwide, represents commitments from the Agency to advance cleanup to protect communities across the country. “In adding these …

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Oklahoma sends state aid to North Carolina and Virginia

As Hurricane Florence targets the East Coast with some weather experts predicting up to 45 inches of rain, other states are pitching in to help and that includes Oklahoma. Oklahoma Governor Mary Fallin and the Oklahoma Department of Emergency Management (OEM)  announced that Oklahoma is sending numerous resources to coastal states to assist with the …

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Growing interest in Grady County oil and gas exploration

Continental Resources is showing no letup in searching for oil and gas in Grady County. Neither is Roan Resources. The latest issuance of permits to drill by the Oklahoma Corporation Commission included 7 permits for Grady County. Four were granted to Oklahoma City-based Continental Resources in multi-well pads along state highway 39 just east of …

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Improved rating for Tallgrass Energy company

Tallgrass Energy, LP, a Kansas City based pipeline company with operations in Oklahoma says it’s been given an improved rating by Fitch Ratings. Fitch assigned BBB- long-term Issuer Default and Senior Unsecured Ratings to both Tallgrass Energy Partners, LP, TGE’s subsidiary where the Tallgrass family debt is held and Rockies Express Pipeline LLC. “We are …

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Long-term sand supply deal announced by Pioneer Natural Resources

Pioneer Natural Resources Company, the largest natural gas operator in the Texas Panhandle has entered into a long-term sand supply agreement with U.S. Silica Holdings, Inc. Under the deal, Pioneer will purchase an interest in U.S. Silica’s sand reserves at its Lamesa, Texas mine in West Texas. The agreement secures a long-term supply of sand …

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New earthquake lawsuits filed in Oklahoma

Two more lawsuits have been filed against energy companies blaming them for causing earthquakes in Oklahoma. One was filed in late August by attorney Scott Poynter who sued on behalf of Anna Mercer of Pawnee. The suit contends she suffered permanent nerve damage after being injured in the 5.8 magnitude earthquake that hit Pawnee two …

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