2016 archive

Former EPA official Blasted for Poor Handling of Flint Water Crisis

Congressman Steve Russell and others on a House oversight committee grilled former EPA official Susan Hedman this week about not responding quickly enough to the lead-poisoning crisis in Flint, Michigan.
Russell sits on the House Committee on Oversigh…

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WTI, Brent Crude Down While Natural Gas Futures Rise

Oil prices settled at their lowest level in more than a week on Tuesday, as hope for a coordinated output freeze among major crude producing nations continued to fade.
April West Texas Intermediate crude dropped 84 cents, or 2.3%, to settle at $36.34 …

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Gulfport Grants Stock to Top Three Execs

Gulfport Energy Corporation’s three top executives acquired direct ownership of lucrative common stock shares in the Oklahoma City company, according to recent documents filed with the U.S. Securities and Exchange Commission.
Michael G. Moore, Gulfpor…

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PostRock Energy Receives Notice of Acceleration From Lenders

PostRock Energy Corporation revealed on Tuesday that its lenders have called the company’s debt due immediately.
“PostRock believes that the aggregate proceeds from any such transaction will be substantially less than the amount required to repay in f…

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Completion Reports March 16, 2016

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Permits to Drill March 16, 2016

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Oilman Banned from Securities Sales after Alleged Ponzi Scheme Cheated Investors of $4 million

Norman oilman Robert Arrrowood has been banned from securities sales in the state after the Oklahoma Department of Securities charged him with running a Ponzi scheme. It was a scheme that allegedly netted Arrowood nearly $4 million, money cheated out o…

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State Oil and Gas Revenues Plummeted in February—-98 percent Drop for Oil Tax Collections

Just how much the energy downturn has affected state government revenue is reflected again in the latest figures released by the Oklahoma Office of Management and Enterprise Services which show February gross production tax collections were down more t…

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Chesapeake Energy Drops Request to Move Royalty Lawsuit Trials from Ft. Worth to Houston

Oklahoma City-based Chesapeake Energy lawyers have decided to drop their request to move trials over claims it cheated thousands of landowners out of royalties. Attorneys had asked Tarrant County judge Dana Womack to move the first ten trials fro…

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Chesapeake Energy Drops Request to Move Royalty Lawsuit Trials from Ft. Worth to Houston

Oklahoma City-based Chesapeake Energy lawyers have decided to drop their request to move trials over claims it cheated thousands of landowners out of royalties. Attorneys had asked Tarrant County judge Dana Womack to move the first ten trials from Fort…

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