Australia’s Samson Oil and Gas says it’s reduced its outstanding debt to $19 million through the closing of the North Stockyard sale of its holdings in North Dakota’s Bakken play. At the same time, Mutual of Omaha Bank has increased the company’s borrowing base to $20 million as part of a new syndicated loan involving …
Hollye Hunt was recently named as vice president of legislative affairs for the Oklahoma Independent Petroleum Association, according to the association’s website. Hunt will lead legislative outreach efforts on behalf of OIPA members and supporting service companies. “The OIPA has a distinguished record of legislative accomplishment, and I am confident Hollye’s own proven history will …
The Oklahoma Oil & Gas Association (OKOGA) announced Friday it has expanded its operations with the hiring of Natalie Kinmonth as vice president of membership and development and Donelle Harder as vice president of communications. Kinmonth began on November 3 while Harder’s first day of employment will be November 14. “With OKOGA’s quickly growing membership, …
U.S. Steel Tubular Products, Inc. recognized Harold Hamm as the recipient of the 2016 Chief Roughneck Award. The announcement was made at the 87th annual meeting of the Independent Petroleum Association of America held in Sea Island, Georgia on Friday. “Harold is a tireless advocate for America’s energy independence,” said David Rintoul, U.S. Steel senior …
A $500,000 claim by a retired Tulsa businessman against the estate of Oklahoma City oil tycoon Aubrey McClendon is allegedly unenforceable or the result of forgery, according to pleadings filed by the estate’s legal counsel. Thomas A. Quinn claims he loaned half a million dollars in cash to Aubrey McClendon back in 1991. Quinn’s documentation …
Despite being named as a key energy advisor to Republican president-elect Donald Trump, Oklahoma oilman Harold Hamm said Wednesday he will remain at the helm of Continental Resources Inc. Hamm communicated his sentiments to his employees via email on Wednesday. “As excited as I am to see this change come to Washington, D.C., I remain …
After emerging from bankruptcy last month, Oklahoma City-based SandRidge Energy is expected to trim its workforce soon, according to a comment made on Wednesday by CEO James Bennett in a conference call with analysts. Citing low commodity prices, David Kimmel, a SandRidge spokesman, also confirmed the layoff announcement with the Journal Record on Friday. No …
Oklahoma’s wind industry withstood another attack on the credits it’s getting from the state during a Thursday meeting of the Incentive Evaluation Commission, the group that’s studying tax credits and recommending which ones should be shelved or reduced to help the state budget. State Senator Mike Mazzei, who is the outgoing Senate Finance Committee chairman said …
The Oklahoma Corporation Commission has approved a lower rate increase than asked for by Public Service Company of Oklahoma. It came Thursday on a 2-1 vote to allow PSO a $14 million rate hike, far below the $130 million the company asked for when it filed a request in July 2015. Commissioners Bob Anthony and …
Either someone at Politico didn’t get the message or the political news publication is on target. As of Friday, it was still including the names of Oklahomans Mary Fallin and Harold Hamm as possible appointees along with that of U.S. Rep. Jim Bridenstine in a new Donald Trump administration. “The biggest game in town right now is …
