April 2016 archive

Marathon Dumps Nearly $1 billion More in Assets

Houston-based Marathon Oil Corporation has sold nearly $1 billion of its assets in a recent deal involving its Wyoming upstream and midstream assets. Makes a total of $1.3 billion in assets the company has unloaded since August.
Marathon did not ident…

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What Chesapeake Did to Get $4 billion in Credit Line

In order to get a new $4 billion line of credit this week, executives at Oklahoma City-based Chesapeake Energy Corporation nearly had to sell their souls. What they did was to put up nearly all of the company’s natural gas fields to reach an agre…

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What Chesapeake Did to Get $4 billion in Credit Line

In order to get a new $4 billion line of credit this week, executives at Oklahoma City-based Chesapeake Energy Corporation nearly had to sell their souls. What they did was to put up nearly all of the company’s natural gas fields to reach an agreement …

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Anti-Coal Environmentalists Protest Electrical Rate Hike in Santa Fe

Anti-coal protesters are making their voices heard in New Mexico where they are fighting a nearly 16 percent electrical rate hike requested by the state’s largest utility, Public Service Company.
Nearly 50 gathered this week outside the government bui…

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Crafty Oil Thieves in Mexico

It’s not just drug lords you have to worry about in Mexico, but ingenious oil thieves too. In central Mexico, police have discovered just how crafty the thieves were as they tapped into government oil pipelines. They built a camouflage truck to …

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Crafty Oil Thieves in Mexico

It’s not just drug lords you have to worry about in Mexico, but ingenious oil thieves too. In central Mexico, police have discovered just how crafty the thieves were as they tapped into government oil pipelines. They built a camouflage truck to haul t…

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Study Shows Oklahoma is Among States with Lowest Taxes

While the legislature argues over whether to eliminate tax credits and rescind tax cuts, a new WalletHub Study ranked Oklahoma 6th lowest nationwide for its overall tax burden.
Oklahoma’s tax burden of 6.95 percent is based by WalletHub’s analysts on …

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Oil Rises Above $40 A Barrel

Oil futures settled back above $40 a barrel on Monday for the first time since late March, buoyed by a third straight week of declines in the number of U.S. rigs drilling for crude, according to Bloomberg MarketWatch.
Prices got an added boost after U…

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Completion Reports April 12, 2016

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Permits to Drill April 12, 2016

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