Chesapeake Dumps More Holdings to Ease Debt Load

Chesapeake Energy’s announced another $450 million dollar sale of its natural gas assets.  It involves nearly 78,000 net acres in the Haynesville Shale area of northern Louisiana. A private company has made the purchase but Chesapeake did not disclose the identity in making the announcement early Monday. The sale includes 250 wells with a current …

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Inhofe says Iran Can’t be Trusted

With the Iran Sanctions Act set to expire at the end of the year, the U.S. Senate and the House recently approved an extension of the act and had the support of Oklahoma U.S. Sen. Jim Inhofe. “In failing to adhere to United Nations Security Council Resolutions, Iran has repeatedly demonstrated it cannot be trusted,” …

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Sen. Lankford Says It’s Time to Pull the Plug on Renewable Fuel Standard Program

If Oklahoma U.S. Sen. James Lankford gets his way, the Environmental Protection Agency’s Renewable Fuel Standard program will be history. At a recent hearing of the Homeland Security and Governmental Affairs Subcommittee on Regulatory Affairs and Federal management, the Senator said it’s time Congress repealed the entire RFS program. “The ethanol Renewable Fuel Standard mandates …

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Oklahoma Supreme Court Asked to Intervene Again in 1989 Bribed ATT Case

The group seeking a $16 billion bribery refund from ATT over a 1989 bribed vote on a rate case is asking the Oklahoma Supreme Court to order an evidentiary hearing to examine all of the facts surrounding the bribed vote by the Corporation Commission that allowed ATT to keep millions in excess revenue and not …

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New Chairman Chosen for House Energy and Commerce Committee

Oregon Republican Rep. Greg Walden will be the new chairman of the U.S. House Energy and Commerce Committee after being chosen this week. He will succeed Chairman Fred Upton (R-MI) in the 115th Congress. “Like the Chicago Cubs, we are a team full of MVPs and Energy and Commerce will be in great hands with …

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Chesapeake Still Battling Royalty Lawsuits in South Texas

Oklahoma City-based Chesapeake Energy finds itself still fighting lawsuits by 110 royalty owners in the Eagle Ford shale of south Texas. In recent days, the Texas Multidistrict Litigation Panel took over and ordered a pretrial consolidation of the claims of those who contend they were underpaid by Chesapeake. But according to some of the court …

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Judge Won’t Block Law Enforcement at North Dakota Pipeline Protest Site

A federal judge refuses to block North Dakota Law Enforcement from using excessive force against protesters camped for several months near the site of the Dakota Access Pipeline. Judge Daniel Hovland denied a request for a temporary restraining order filed by the National Lawyers Guild which represented the Standing Rock Sioux tribe and other protesters. …

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OKC Protesters Show Support for Standing Rock Sioux

Thursday was “Global Day of Action” in downtown Oklahoma City where about 50 protesters gathered in support of the Standing Rock Sioux fighting the Dakota Access Pipeline in North Dakota. Speakers urged people to withdraw money from banks and other businesses that have financial involvement in the $3.8 billion pipeline that will carry out from …

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Feds Challenge Bankruptcy Reorganization Plan of Tulsa’s Samson Resources

The U.S. Interior Department’s putting up a fight against the Chapter 11 reorganization plan filed by Tulsa-based Samson Resources. It filed an objection this week to what the creditors are proposing. The filing was made in the U.S. Bankruptcy Court for the District of Delaware where Samson filed bankruptcy in September of last year. Among …

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Oilman Harold Hamm Just Got $ billions Richer from OPEC Move

Oklahoma oil billionaire Harold Hamm raked in $3 billion more this week when oil prices rose following OPEC’s decision to cut oil production by one percent beginning Jan. 1. As Bloomberg News pointed out, “Harold Hamm, the wealthiest energy billionaire in the U.S. became $3 billion richer Wednesday morning when shares of his Continental Resources Inc. …

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