Spring’s here and that means the first severe weather of the season is developing in Oklahoma. David Payne, News 9’s Chief Meteorologist says at least four storms could occur in the next 9 days, bringing rain and of course, the threat of maybe a tornado. “Powerful storm systems are lined up about every three …
Oklahoma City-based Chaparral Energy announced it has completed its financial restructuring and emerged from Chapter 11 bankruptcy protection. The company’s reorganization plan was recognized and approved by the U.S. District Bankruptcy Court of Delaware on March 10. It allowed conversion of $1.2 billion of pre-petition debt to equity and elimination of nearly $100 million in …
Maybe Andy Griffith on TV’s Mayberry said it best. “You can change the name of a rose but you can’t do anything about the smell.” Members of the Oklahoma State House apparently don’t think they’re getting enough credit for funding education. They voted this week in support of a bill that opponents called a “slight …
Nearly three weeks after a State House committee okayed a measure creating a task force to study the Oklahoma Corporation Commission, the full House has also given approval. House bill 1377 would create a “Twenty-first Century Corporation Commission Task Force.” Approval came on a 91-0 vote meaning even those who questioned the measure in committee …
Oklahoma’s STACK has yielded another sizable oil well for Newfield Exploration Mid-con Inc., a well producing more than 1,000 barrels a day. As completion reports shown by OK Energy Today indicate, the Apache well located about 4 miles southeast of Kingfisher was drilled and completed last year. The filing of the report by the Houston, …
While the Oklahoma legislature has voted to strip the wind industry of tax credits it bestowed on wind farms several years ago, the State House has okayed continuation of a $5,000 tax credit for aerospace engineers. House Bill 1839 by Rep. Leslie Osborn (R-OKC) would cost the tax $7 million but she argued during House …
Oklahoma City-based Mammoth Energy Services Inc. announced Tuesday that it will acquire Sturgeon Acquisitions, LLC, Stingray Energy Services, LLC and Stingray Cementing, LLC for seven million shares of Mammoth common stock. The deal is worth over $133 million, according to a company press release. “In keeping with the plan initially outlined at the time of …
Oil prices dropped on Tuesday ahead of the release of weekly government data expected to reveal a rise in domestic crude supplies, according to Bloomberg MarketWatch. April West Texas Intermediate crude declined by 88 cents, or 1.8%, to settle at $47.34 a barrel on the New York Mercantile Exchange. The contract, which expired at the settlement, …
District 3 Congressman Frank Lucas (R-Oklahoma) joined Senators Ted Cruz (R-Texas) and Marco Rubio (R-Florida) along with legislative colleagues and NASA astronauts in the White House Oval Office on Tuesday to witness President Trump sign S.442, the NASA Transition Authorization Act of 2017. “As Vice Chairman of the House Science, Space, and Technology Committee, I …
Tulsa-based Williams Companies, Inc. announced Tuesday that United States Magistrate Judge T. Lane Wilson will become the company’s senior vice president and general counsel, according to a company press release. Wilson succeeds Sarah Miller, who previously announced her resignation. Judge Wilson will report directly to Williams President and Chief Executive Officer Alan Armstrong. Judge Wilson …
