Stories are growing of major companies and owners snapping up struggling independents and smaller operators amidst the downturn from the oil price war and the effects of the coronavirus pandemic. One of the latest involves oil billionaire Dan Wilks who, according to Reuters acquired 10% of struggling shale fracking company ProPetro Holding Corp. This, …
Writing in the Sunday edition of the Oklahoman, David Le Norman, chairman of the Petroleum Alliance of Oklahoma made a renewed call for a federal investigation of the national security implications of what has happened to the oil and gas industry. Here is his opinion as expressed in the newspaper: “Oil and natural gas have …
The late U.S. Sen. Tom Coburn is remembered by thousands who had personal contact with him. One of them is Mike Cantrell, the immediate past president of the Oklahoma Energy Producers Alliance, who wrote about his memories of the Senator in the Sunday Oklahoman. “There are very few truly great men, but I consider former …
Tulsa’s Laredo Petroleum is among the latest energy companies proposing a reverse stock split as an economic move to survive in the plummet of oil prices and the impact of the coronavirus. The company notified shareholders this past week of its proposal to be decided at the upcoming May 14 annual meeting scheduled for now, …
An appeals court ruling might very well mean Michigan could become the next state where voters will have a say whether to ban fracking. And they could vote on the issue as soon as November of this year. The Michigan state appeals court last week ruled in favor of fracking opponents and revived their effort to present …
While Democrats in Congress now push for a possible fourth coronavirus stimulus bill, a coalition of scientists including a University of Oklahoma weather researcher wants the effort to include more environmental efforts. It is also clear they are against the fossil fuel industry. Zeke Baker, identified as a Postdoctoral Research Associate at the University of …
ONEOK is planning for now to go ahead with its annual shareholders meeting in late May in Tulsa unless the coronavirus pandemic causes the need for a virtual meeting. The meeting will be held at 9 a.m. Central Daylight time on Wednesday, May 20 at ONEOK Plaza, 100 West Fifth Street in Tulsa, according to …
The Kansas Supreme Court on Friday delivered a major victory to solar power users, ruling that utilities cannot charge them higher rates. The ruling was a reversal of a state appeals court decision. In a 14-page opinion by Justice Caleb Stegall, the state’s high court found rate increases by Westar Energy, now Evergy, and Kansas Gas …
Oklahoma legislators return to the State Capitol Monday as Gov. Kevin Stitt expects a state revenue failure of nearly $416 million for the rest of the year because of what the coronavirus pandemic has done to the world. He announced Friday the economic failure also was caused by massive depressed oil and natural gas prices. …
A Friday White House meeting between President Trump and oil leaders, including Oklahomans Harold Hamm and Dave Hager came as oil prices rebounded more than 3 dollars, settling at just under $30 a barrel. West Texas Intermediate crude rose $3.02 in Friday’s trading before ending the day at $28.34, up nearly 8 dollars …
