Just because the president of a Kansas coal company apparently didn’t do his due diligence doesn’t mean an insurance company has to cover for him. It’s the jist of a ruling by the U.S. 10th Circuit Court of Appeals in Denver which upheld a judge’s decision in favor of the Liberty Mutual Fire Insurance Company. …
With Democrats now in charge of the House, Republican leadership announced this week the naming of new leaders for some of the key energy and environment panels. Congressman Tom Cole will also be a ranking Republican on an Appropriations subcommittee. Energy and Commerce ranking member, Rep. Greg Walden of Oregon announced that Kentucky Rep. Brett …
Yet another director at Oklahoma Gas and Electric reported the acquisition of a large amount of company shares. Its newest director just picked up more than $12 million in shares. In a filing with the Securities and Exchange Commission, David E. Rainbolt reported the acquisition of 314,703 shares valued at $12,500,000. Each share under his …
Tallgrass Energy, LP, the Kansas City-based pipeline company that carries oil throughout the Midwest including to the oil hub at Cushing, Oklahoma has announced a quarterly dividend. The dividend of 52 cents a share was declared for the fourth quarter by the board of directors. It translates into an annualized rate of $2.08 per …
Permits to drill issued for January 15, 2019. Canadian County RED BULLET 22-27-11-7 #4WXH, January 15 2019 22 11N 7W SENENWNW API: 01725368 Lat: 35.41984128908166, Long: -97.93274528771272 ROAN RESOURCES LLC HH, DR, 20999 ft, WOODFORD(10479) Canadian County RED BULLET 22-27-11-7 #3WXH, January 15 2019 22 11N 7W SENENWNW API: 01725367 Lat: 35.41984129150654, Long: -97.93281241003764 ROAN …
Completion reports for January 15, 2019. completions: none were processed today
President Trump has signed into law a nuclear modernization act co-sponsored by Oklahoma U.S. Sen. Jim Inhofe. “The Nuclear Energy Innovation and Modernization Act is critical for the revitalization and improvement of our nation’s nuclear energy industry,” Inhofe said. “Nuclear energy has played an important role in the complex energy network of our country, but as …
Tulsa-based Midstates Petroleum Company, Inc. announced this week it is offering to buy up to 5 million shares of its outstanding stock, a financial move worth $50 million. It amounts to nearly 20 percent and the company offered $10 a share. The tender offer represents nearly 19.7% of Midstates’ outstanding common stock. The $10 offer …
The Oklahoma Corporation Commission staff holds its first technical conference on Wednesday as it makes changes to its rules regarding railroads. Some changes apply to trains blocking a crossing. The Commission wants the ability to conduct a compliance audit should a train block a crossing more than 10 minutes. The audit would explore the frequency …
Recent filings at the Securities and Exchange Commission by Oklahoma Gas and Electric show company leadership acquiring more shares in the company. Three directors, Luke R. Corbett, David L. Hauser and J. Michael Sanner each acquired thousands of shares in recent days. Corbett, the former Chairman and Chief Executive Officer of Kerr-McGee corporation has been …
