In filing Chapter 11 bankruptcy Monday, Oklahoma City-based SandRidge Energy listed $4.3 billion in liabilities. And it made it clear, the company’s future was in great doubt had it not filed for financial restructuring. It also filed a Form 10-Q with the Securities and Exchange Commission, stating, “The Company believes that a filing under …
Oklahoma City-based SandRidge Energy ended the speculation on Monday by filing for Chapter 11 bankruptcy in the Southern District of Texas, listing billions in debt. At least 24 affiliates joined SandRidge in the bankruptcy filing in Houston. The company said it had up to 49 creditors and liabilities ranging from $1 billion to $10 billion …
Iowa regulators are under pressure to stop a proposed oil pipeline through the state and three other states. It is the Dakota Access pipeline, a 1,150-mile long project pushed by a Texas company that planned to start construction this week in the Bakken oil fields in northwest North Dakota. The pipeline is to stretch through …
The acrimonious proposed merger between The Williams Companies, Inc. and Energy Transfer Equity, L.P. continues to unravel, with the filing of a new lawsuit by Williams in a Delaware state court. Williams announced late Friday that it filed a declaratory judgment action to prevent the company from terminating the controversial merger and forcing ETE to …
Linn Energy, LLC announced Wednesday that it filed for Chapter 11 bankruptcy after entering into a Restructuring Support Agreement with its lenders to obtain new financing and restructure debt. In its petition filed in the U.S. Bankruptcy Court in Victoria, Texas, the Houston-based oil and gas producer said its assets are worth approximately $11.6 billion, …
Despite a recent upswing in oil futures, crude prices fell on Friday as investors feared that producers may increase output, according to Bloomberg MarketWatch. June West Texas Intermediate crude lost 49 cents, or 1.1%, to end trade on the New York Mercantile Exchange at $46.21 a barrel. WTI crude bounced back from last week, posting …
Oklahoma and the U.S. dropped again in oil and gas rig counts in the past week, Oklahoma dropping by one to reach 56 and the nation losing 9 more rigs, falling to a total of 406, according to figures released by Baker Hughes. Nationally, the drop included ten more oil rigs over the past week. Compared …
DEWEY COUNTY Sandridge Exploration & Production Llc 8 17N 17W Gore 8-2, December 22, 2015 SH, PLUG, TD: 8109 ft Lat: 35.96874, Long: -99.03669 API: 35043224280002 GARFIELD COUNTY Sandridge Exploration & Production Llc 26 24N 7W Gray 2-26, January 16, 2016 SH, PLUG, TD: 6792 ft Lat: 36.52477, Long: -97.92112 API: 35047241020002 Sandridge Exploration & …
Canadian County KANON #1H-15-22, May 13 2016 10 11N 6W NESWSESE API: 01724904 Lat: 35.43636968249904, Long: -97.81552611342849 CITIZEN ENERGY II LLC HH, DR, 19700 ft, WOODFORD(9000) Kingfisher County GARRETT 1605 #6A-36MH, May 13 2016 36 16N 5W NENENWNE API: 07325299 Lat: 35.826872604818554, Long: -97.67933581970647 OKLAHOMA ENERGY ACQUISITIONS LP HH, DR, 11766 ft, MISS’AN (EX CHESTER)(6643) …
U.S. Sen. James Lankford was quick to praise the Senate for approval of the massive Energy and Water Development bill, noting that it was passed “in an open process.” The Republican Senator said the appropriations Act includes a proposal from his government waste report entitled, “Federal Fumbles: 100 ways the government dropped the ball.” …
