In what will apparently be the first legal challenge to a 2015 state law regarding the power of cities and towns to restrict oil and gas drilling in city limits, Ponca City has joined the city of Mustang in its fight. After the state supreme court said it would hear arguments in the case involving …
A new study on earthquakes under the DFW International Airport says they continued for seven years after Oklahoma City-based Chesapeake Energy stopped operations of a nearby wastewater injection well. The study was carried out by scientists at Southern Methodist University in Dallas. Writing in the Journal of Geophysical Research, the scientists said the quakes started …
A surprise announcement was made Wednesday that Jeff Hildebrand, the man who founded Hilcorp Energy Co. in Houston 29 years ago is stepping down as chief executive officer. Known for handing out big bonuses to his workers, Hildebrand is the 209th wealthiest person in the world. Bloomberg says he has a net worth of $7.6 …
The case of Tulsa’s Williams Cos. left at the altar by Dallas billionaire Kelcy Warren and his Energy Transfer Equity LP has gone to court in Delaware. And this week Warren denied claims that he profited unfairly from a 2016 private issuance of units from one of his company’s partnerships linked directly to the failure …
The Midwest City Superfund site known as Eagle Industries will be the focus of a public hearing on Thursday by the Oklahoma Department of Environmental Quality. DEQ officials will present information to the public about the contaminated site and what steps the government is taking to clean the site. The Eagle Industries plant sits on …
Warnings are surfacing over a shortage of frac sand and according to Halliburton,it is leading to higher drilling costs and threatening shale production in Oklahoma and other states. As the Wall Street Journal recently reported, when Halliburton CFO Chris Weber talked of the shortage, he said his company’s first quarter earnings could suffer as much …
With fourth quarter earnings of $183 million and $2.7 billion cash on hand, Oklahoma City’s Devon Energy is laying out an aggressive 3-year plan for the company. The net earnings figured out to 35-cents a share and the company said its operating cash flow for the fourth quarter 201 totaled $725 million, a 94 percent …
Don’t expect any closure of the American Airlines maintenance center in Tulsa. That’s the focus of a Tulsa World story this week as executives at the airline exuded confidence in the Tech-Ops-Tulsa base where 5,200 workers are employed. “Things have been tough, but we’re on a great path. Things are so good right now,” said …
The BNSF Railway announced this week that out of $3 billion it plans to spend this year on track improvements across the U.S., at least $110 million will be spent in Oklahoma. The company said the expenditures in Oklahoma will go toward replacing and upgrading rail, rail ties and ballast. The $110 million will be …
