This week’s Chapter 11 bankruptcy filing by Oklahoma City-based SandRidge energy brought the number of energy producers in bankruptcy to 77 since the beginning of 2015, according to Haynes and Boone, the bankruptcy law firm based in Texas. It also raised the total of secured and unsecured liabilities and debt in the cases to nearly …
The 16 Democratic Attorneys General who plan to use their subpoena power to target oil companies and utilities in a fight over global warming have run into a buzz saw with Oklahoma Attorney General Scott Pruitt, a man who calls a spade a spade. “This is all about trying to take the courts and the …
Oil futures staged a resurgence on Monday, jumping more than 3% as traders heralded the recent news of a supply shortfall, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, June West Texas Intermediate crude gained $1.40, or 3.3%, to $47.72 a barrel. That was the highest settlement since early November. July Brent crude, …
ELLIS COUNTY Jones Energy Llc Cleveland(7386): Oil 157 Gas 410 Water 387 Pump 22 20N 25W Packers 22 6h, September 20, 2015 HH, OIL, TD: 12941 ft Lat: 36.18833, Long: -99.85120 API: 35045235880001 Jones Energy Llc Cleveland(8322): Oil 39 Gas 259 Water 308 Pump 22 20N 25W Packers 22 5h, September 10, 2015 HH, OIL, …
Blaine County MCBEE #1-3H, May 13 2016 10 15N 12W SENWNWNE API: 01123603 Lat: 35.796666824674816, Long: -98.46169331875001 CONTINENTAL RESOURCES INC HH, DR, 16135 ft, MISSISSIPPIAN(11220) Grady County MICHELLE ABEL #1-11-2XH, May 16 2016 11 3N 6W NWNENENE API: 05124037 Lat: 34.74761368199109, Long: -97.79222172082798 MARATHON OIL COMPANY HH, DR, 23362 ft, MORROW(10887), SPRINGER(12791), MISS (DEEP)(12815) Kingfisher …
Oklahoma’s gasoline prices are now up to $2 a gallon, according to the latest report from AAA Oklahoma. The $2 threshold was broken on Saturday for the first time since mid-November 2015 but the average dipped slightly on Sunday, finally settling at $2.003. A week ago, the statewide average was $1.95 a gallon. “There’s quite …
The nation’s smallest nuclear power plant could be closed by the end of the year. Located in Nebraska, the Fort Calhoun Nuclear Station is no longer financially sustainable, according to Tim Burke, President and CEO of the Omaha Public Power District. He said recently it makes no economic sense to keep it open. “It’s just …
A recent Chapter 11 bankruptcy filing by a Pennsylvania energy company could be a gain for Houston. Penn Virginia Corp, a firm that focuses on the Eagle Ford Shale in south Texas filed bankruptcy last week and listed $1.43 billion in debts and total assets of $517.7 million. It reached a restructuring support agreement with …
Management at Linn Energy LLC say they believe by filing for Chapter 11 reorganization last week like they did will enable the company to continue to operate normally without lining up new bankruptcy financing. With debt of $8.3 billion, the company leaders reached agreement with lenders to obtain 2.2 billion in financing. the debt restructuring …
A $4.4 billion deal has been announced by Fort Worth-based Range Resources Corp. in its acquisition of Houston-based Memorial Resource Development Corporation. The all-stock deal is expected to close in the second half of 2016 as Range assumes Memorial’s net debt of $1.1 billion. When the deal closes, Memorial shareholders will own about 31 percent …
