Republican presidential nominee, Donald Trump, understands the issue of municipal governments and their attempts to prohibit hydraulic fracturing. So says Trump’s energy advisor, Harold Hamm. “Trump is not going to shut down fracking or drilling or anything else,” said Hamm. The Continental Resources Inc. CEO is part of a 13-member advisory team providing input to …
August 2016 archive
Corvex Issues Open Letter to Williams Stockholders on Board Actions
In an open letter to The Williams Companies, Inc. stockholders, Corvex Management LP’s Keith Meister announced his intention to replace the entire board of directors for the Tulsa-based company. Characterizing the current board’s actions over the last two months as “extremely disappointing,” the letter from the former Williams board director details growing discord with the …
Feds Live-Streaming Gulf Oil and Gas Lease Sale
Five months after protesters disrupted an oil and gas lease sale for tracts in the Gulf of Mexico, the government is live-streaming a lease sale but closing the New Orleans site where bids are read. Wednesday’s sale, offering all 23.8 million acres available for drilling and exploration off of the Texas coast, will be the …
September Auction Set for McClendon’s Wine Collection
The family of late oil tycoon, Aubrey McClendon, is selling the remainder of his wine collection valued at nearly $8 million, according to a report in Fort Worth’s Star-Telegram. The massive collection includes more than 4,600 fine bottles of Le Pin, Pétrus, Cult Napa Cabernet and Mouton Rothschild wine, including large format bottles. “I think …
Marathon Announces CFO Exit, Other Leadership Changes
Houston-based Marathon Oil Corporation announced on Monday that J. R. Sult has left his role as chief financial officer, citing personal reasons. Sult’s departure is not related to any disagreement with the company regarding financial disclosures, accounting or business matters, according to a company press release. Patrick Wagner has been named interim CFO as the company conducts an executive …
Leadership Changes at Anadarko Petroleum Corporation
Houston-based Anadarko Petroleum Corporation announced on Tuesday that Darrell Hollek has been named Executive Vice President, Operations with responsibility for the company’s U.S. onshore exploration, production and midstream activities, along with its Gulf of Mexico and international operations. A Texas A&M University graduate, Hollek began his career with Oklahoma City’s Kerr-McGee Corporation in 1980 as …
Vancouver’s Jericho Oil Corporation Expands Tulsa Office
At a time when many companies are consolidating or eliminating operations, Vancouver-based Jericho Oil Corporation is expanding into Oklahoma with continued plans for immediate growth. Earlier this month, Jericho relocated its Tulsa regional branch to a larger office in the Kennedy Building, tripling its square footage in the process. “The focus of this company is …
WTI and Brent Settle Higher on Tuesday
Crude oil futures rebounded on Tuesday after a report suggested that Iran was willing to work with OPEC to support market stabilization, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, October West Texas Intermediate crude added 69 cents, or 1.5%, to settle at $48.10 a barrel after falling under $47 a barrel. On …
Gasoline Prices Rising in Oklahoma
Oklahoma’s gasoline prices are on the rise again. Oklahoma’s statewide average of $2.065 per gallon has risen 14 cents since August 1. The national gas price average is $2.164 per gallon, according to the latest Fuel Gauge Report issued by AAA Oklahoma. “A quartet of factors is at work here: the U.S. dollar is weakening, …
SandRidge Objects to Ad Hoc Committee’s Motions to Slow Bankruptcy Confirmation
SandRidge Energy, Inc. has filed an objection to an August 19 emergency motion filed by a stockholder ad hoc committee to extend deadlines for its expert report and objection to the energy company’s bankruptcy confirmation. Oklahoma City-based SandRidge filed for Chapter 11 bankruptcy on May 16 in the Southern District of Texas. The company listed …