SandRidge Energy Reportedly Explores Debt Restructuring Options

With a debt burden of nearly $4 billion, Oklahoma City-based SandRidge Energy Inc. reportedly is exploring debt restructuring options. In short, the company could be headed to chapter 11 bankruptcy. As the website Zero Hedge put it in a headline, “San…

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AG Won’t Challenge Corporation Commission Judge over OGE Rate Case

Oklahoma Attorney General Scott Pruitt indicates his office will not challenge the recommendation of an administrative law judge at the State Corporation Commission who recommended the commission deny Pruitt’s bid to include $500,000 as consumer expens…

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Williams Slashes $1 billion from Capital Expenditures as Prices Remain Low

Tulsa based Williams and Williams Partners have announced they’re slashing their 2016 growth capital funding by nearly $1 billion or 32 percent from the partnership’s previous plans. The new funding goal totals $2 billion and according to the Mon…

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Impact of Low Energy Prices on Your 401K

As oil prices fluctuate in the upper 20s and low 30s, it’s also been bad news for the average 401(k) that many Americans have.
A report by News 9 reporter Lacie Lowry indicates the average 401(k) lost $6,500 in the last week weeks. But she found that…

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Rep. Lucas Town Hall Meetings Set for Friday in Western Oklahoma

U.S. Rep. Frank Lucas plans four town hall meetings in his 3rd Congressional district on Friday. They will be held in Cheyenne, Elk City, Weatherford and Cordell.
Not only is the Republican Congressman a member and past chairman of the House Agricultu…

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Feds Now Want ‘Flaring’ Practice Banned on Public Lands

Stating that 40 percent of the methane gas being ‘flared’ or burned off by oil companies on public lands could be captured economically and sold, the Obama administration wants to create new rules putting an end to the practice. A report by the G…

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Secretive Energy Group Formed in Wake of Illegal Campaign Contributions

An investigation by the campaign watchdog group known a Open Secrets has revealed how some Oklahoma oil and gas producers became involved in a non-profit group that illegally funneled money to the failed 2014 U.S. campaign by former Oklahoma Speaker of…

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Crude Surges Above $30 on Friday

Crude surged past the $30 a barrel mark on Friday. West Texas Intermediate crude for March delivery on the New York Mercantile Exchange added $2.66 to end trade at $32.19 a barrel. March Brent crude on the London ICE Futures Exchange gained $2.93 to se…

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Feds Settle Nuclear Violations with New Mexico

New Mexico has reached agreement with the federal government over February 2014 nuclear incidents at Carlsbad and the Los Alamos National Laboratory. The U.S. Department of energy agreed in the settlement to make $74 million in improvements at the Wast…

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Morrissette’s Earthquake Reparation Fund

Oklahoma City Rep. Richard Morrissette says the earthquake reparation fund he’s proposing to be financed by the oil and gas industry would be very much like the state’s tire indemnity fund.
It’s what he told OK Energy Today.
“We pay a dollar per used…

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