Cost-cutting unveiled last week by Oklahoma City-based SandRidge Energy hit home on Monday when the energy company announced the layoff of at least 80 employees. “As part of the company’s previously announced commitment to reduce go-forward costs, it was necessary to restructure the organization to best align with the revised strategic plan,” the company said …
The head of the Oklahoma Independent Petroleum Association is telling legislators his group is willing to work toward a state government budget solution. But Oklahoma Independent Petroleum Association President Tim Wigley also warned that increasing taxes only on the oil and gas industry will “make the state more dependent on volatile oil and natural gas …
Chesapeake Energy in Oklahoma City is undertaking a proposed massive exchange of more than $1 billion in senior notes. It was revealed in a prospectus filed with the SEC. In a filing made late last week with the Securities and Exchange Commission, the company said it might offer to exchange $1.3 billion of 8.00% Senior …
Tulsa’s Williams Partners L.P. announced Monday it is offering senior notes in an underwritten public offering. The company stated it intends to use the proceeds for general partnership purposes including repayment of its $750 million aggregate principal amount of 4.875% Senior Notes due 2024 or other of its outstanding indebtedness. Citigroup, Morgan Stanley and MUFG …
Northern Oklahoma had its share of earthquakes over the weekend and early Monday morning. The latest happened near Perry and measured 2.7 magnitude with an epicenter several miles southwest of the city. It was recorded at 1:46 a.m. Earthquakes of a similar magnitude were recorded Saturday near Fairview and Sunday near Medford. The Fairview quake …
Once again, a national tornado summit will be held in Oklahoma City and this year’s event will feature more than 50 speakers. Tornadoes are nothing new to the state’s energy industry, whether they’re threatening drilling crews or tearing up wind farms. Among the speakers scheduled for the event on Tuesday and Wednesday at the Cox …
The state of Texas has scrapped a nearly six-year old plan to protect a small lizard from growing oil and gas activity in the western part of the state. The dunes sage brush lizard thrives in the Permian Basin, the largest oil producing area in the U.S. In 2012, the state jumped ahead of a …
While oil has been flowing through the southern leg of the Keystone oil pipeline in Oklahoma and Texas for a few years, attempts to win approval of the pipeline from Canada to Nebraska hit another recent roadblock. A federal judge in Montana has ordered federal officials to review documents after environmentalists sued and accused President …
Whether Democratic former Oklahoma Attorney General Drew Edmondson will get the support of the state’s oil and gas industry in his run for governor remains to be seen. Especially in light of his stance for higher gross production taxes on the industry. As The Oklahoman reported in Sunday’s edition, Edmondson wants to raise the gross …
The Sierra Club is celebrating a victory after a federal judge ordered the suspension of construction on a crude oil pipeline by Energy Transfer Partners through a swamp in Louisiana’s Cajun country. The order against the Bayou Bridge line was issued by U.S. District Judge Shelly Dick after the Sierra Club sued the Army Corps …
