May 18, 2018 archive

Chesapeake Shareholders Re-Elect Directors But Reject Executive Compensation Package

All eight members of the board of directors at Chesapeake Energy were re-elected at Friday’s annual meeting of shareholders, but the shareholders didn’t go along with the naming of executive officer compensation. Directors elected by the shareholders were Gloria R. Boyland, Luke R. Corbett, Archie W. Dunham, Leslie Starr Keating, Robert D. “Doug” Lawler, r. …

Continue reading »

Rig Counts Remain Steady in Oklahoma and the U.S.

Drilling activity in the U.S. and Oklahoma held steady over the past week with the national count increasing by only one to reach 1,046 rigs. Oklahoma’s count remained the same as last weeks at 138 active oil and gas rigs. Figures from Baker Hughes Co. and the Independent Oil and Gas Association show the U.S. …

Continue reading »

NASA’s Bridenstine Clarifies Stance on Climate Change

Former Tulsa congressman Jim Bridenstine, now administrator of NASA clarified his stance on climate change at a recent first town hall for him as the space leader. During the event, Bridenstine claimed his position on climate change has “evolved” and used the impact of tornadoes in Oklahoma as an example. “I don’t deny the consensus …

Continue reading »

Senator Lankford Chairs Subcommittee Hearing on FCC and FTC

U.S. Sen. James Lankford chaired his first hearing as the new chairman of the Financial Services and General Government Appropriations Subcommittee. The hearing concerned the fiscal year 2019 budget requests of the Federal Communications Commission and the Federal Trade Commission. Lankford took over the leadership of the subcommittee after the resignation of former Chairman  Senator …

Continue reading »

XTO Energy Shutting Down Fort Worth Headquarters

XTO Energy, a firm with a Mid-Continent office in Oklahoma City is closing its corporate headquarters in Fort Worth, Texas and relocating business activities to Houston. XTO is a subsidiary of ExxonMobil Corp. and announced the move this week, one that will affect a total of 1,200 workers. The company informed the Texas Workforce Commission …

Continue reading »

Leaked Documents Reveal Dirty Secrets of some Environmental Groups

An investigation by NBC News came up with a fascinating finding that shows how some environmental groups aren’t exactly all revealing when it comes to their investments in—–oil and gas! While such groups have urged universities to divest themselves of investments in fossil fuels, the NBC investigation discovered some have quietly maintained such investments. The …

Continue reading »

Intel Boasts of Growing Solar Power at its campuses

While solar power development is only in occasional use in Oklahoma, it’s growing in some states to the southwest. Intel reports it now has enough solar panels to cover 52 regulation football fields or 47 full-size soccer fields. In a recent announcement, Intel estimated it has installed 3 million square feet of solar arrays at …

Continue reading »

NGL to Announce 4Q Earnings

Tulsa’s NGL Energy Partners LP will issue its fiscal fourth quarter and full year ended March 31, 2018 earnings report in a few weeks. The company plans to release the report after the market closes on Wednesday, May 30, 2018. The management team will host an earnings call following the release at 5 p.m. CDT …

Continue reading »

Drinking Water Issues Cited in National Water Study

A new national water study shows Oklahoma City’s water quality is just barely above average and that nationally, 30% of residential water utility customers indicate they have water quality issues. The study, released by J.D. Power suggests the EPA’s Consumer Confidence Reports might not be giving a complete picture of end-consumer water quality. The study …

Continue reading »

State Continues Monitoring Deadly Well Site in SE Oklahoma

The Oklahoma Corporation Commission continues monitoring cleanup and repairs made at the deadly gas drilling site where five workers died in a fiery explosion  in January. A report released by the Commission  shows Red Mountain Operating, based in Oklahoma City had continued working since the January incident to remove drilling tools lost in the well …

Continue reading »