June 12, 2020 archive

EDF to build solar farm near Lawton

EDF Renewables, the owner and operator of wind farms in Oklahoma is bringing its solar power operations to the state. The company was the recent winning bidder at a public auction for 4,350 acres of land owned by the Oklahoma Commissioners of the Land Office. The land is located southeast of the city of Lawton …

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Oklahoma Land Commissioners okay purchase of SandRidge Tower

  The state of Oklahoma’s purchase of SandRidge tower, former headquarters for SandRidge Energy has been approved by the Oklahoma Commissioners of the Land Office. The five commissioners voted to approve the $35.5 million purchase of the building with plans to relocate the Oklahoma Tax Commission, Tourism and Recreation Department, Oklahoma Department of Health and …

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If Chesapeake files bankruptcy, what about its $1 billion in hedges?

  Chesapeake Energy Corp. had almost $1 billion in hedges 10 weeks before executives were said to start prepping for a bankruptcy filing. The question now is how many are left and what will the cash-strapped shale driller do with them? Chesapeake’s natural gas and oil derivatives as of March 31, according to a filing, …

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Oilfield equipment on the auction block

More and more oilfield equipment is going for bargain-basement prices in auctions held throughout the industry as rigs and equipment are idled due to the coronavirus pandemic and the oil price crisis. Reuters recently covered one such auction in North Dakota. Fast-talking auctioneer Greg Highsmith sung out dozens of prices – “seventy-five-hundred now, $10,000 now, …

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