March 15, 2016 archive

Completion Reports March 16, 2016

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Permits to Drill March 16, 2016

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Oilman Banned from Securities Sales after Alleged Ponzi Scheme Cheated Investors of $4 million

Norman oilman Robert Arrrowood has been banned from securities sales in the state after the Oklahoma Department of Securities charged him with running a Ponzi scheme. It was a scheme that allegedly netted Arrowood nearly $4 million, money cheated out o…

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State Oil and Gas Revenues Plummeted in February—-98 percent Drop for Oil Tax Collections

Just how much the energy downturn has affected state government revenue is reflected again in the latest figures released by the Oklahoma Office of Management and Enterprise Services which show February gross production tax collections were down more t…

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Chesapeake Energy Drops Request to Move Royalty Lawsuit Trials from Ft. Worth to Houston

Oklahoma City-based Chesapeake Energy lawyers have decided to drop their request to move trials over claims it cheated thousands of landowners out of royalties. Attorneys had asked Tarrant County judge Dana Womack to move the first ten trials fro…

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Chesapeake Energy Drops Request to Move Royalty Lawsuit Trials from Ft. Worth to Houston

Oklahoma City-based Chesapeake Energy lawyers have decided to drop their request to move trials over claims it cheated thousands of landowners out of royalties. Attorneys had asked Tarrant County judge Dana Womack to move the first ten trials from Fort…

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BP Wins Ruling by Federal Judge in New Orleans

BP will not have to pay for the economic losses suffered by other businesses when the federal government shut down deep-water drilling in the wake of the company’s huge 2010 oil spill, according to U.S. District Judge Carl Barbier in New Orleans.
The …

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BP Wins Ruling by Federal Judge in New Orleans

BP will not have to pay for the economic losses suffered by other businesses when the federal government shut down deep-water drilling in the wake of the company’s huge 2010 oil spill, according to U.S. District Judge Carl Barbier in New Orleans….

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Wall Street Journal Offers Praise to Sen. Inhofe on Flint Water Agreement

U.S. Senator Jim Inhofe draws praise from the editors of the Wall Street Journal for negotiating a deal to help bring about a settlement to help residents of Flint, Michigan with their lead-contaminated water.
“Oklahoma Republican Jim Inhofe deserves …

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Effort to Repeal New State Law on Energy Drilling in City Limits Dies in House

An effort by Rep. Richard Morrissette to repeal the State’s new law prohibiting cities and towns and counties from banning certain oil and gas activity is apparently dead for this session of the Oklahoma legislature.
He amended HB 1802, a measur…

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