A Securities and Exchange Commission filing by struggling Chesapeake Energy reveals the company has made an amendment and waiver to credit agreement from 2018. As part of the credit agreement, the borrowing base has been redetermined to decrease to $2.3 billion. The filing also stated that the request for the amended credit agreement was made …
Oklahoma City’s Continental Resources, Inc. announced an update on its voluntary production curtailments saying it intends to resume production of some of its wells in July. The company previously announced it would curtail 70% of operated oil production in May, with continued curtailments into June. In July, the Company expects to partially begin resuming …
Ninety-four parcels of federal public land in New Mexico and West Texas that were offered in the Bureau of Land Management’s May oil and gas lease sale postponed due to the COVID-19 pandemic were added to the BLM’s August lease sale in addition to 19 more parcels in New Mexico, Oklahoma and Texas. …
** Major producers at a an OPEC-led meeting of the Joint Ministerial Monitoring Committee reportedly are planning to make up for failing to fully meet their production cut targets last month. Iraq reportedly told the committee that it plans to stick to its output cut pledge this month and agreed to terms to make up for missing …
Pennsylvania Attorney General Josh Shapiro announced that Range Resources, a Forth Worth company, has pleaded no contest to environmental crimes at two Washington County sites in the state of Pennsylvania. The charges are the product of a two-year investigation from Shapiro’s office into the fracking industry according to The Allegheny Front. The company will …
The Oklahoma Mesonet reports the state’s drought is rapidly growing and it is working its way from the Panhandle to northwest parts and approaching central Oklahoma. Some records dating back to the Dust Bowl of the 1930s have been broken by the lack of rainfall and one expert calls it a “drought explosion.” State Climatologist …
The EPA will require an extra 500 million gallons of biofuel blending over the next two years under the Renewable Fuel Standard in an effort to meet the requirements of a 2017 court order, according to published reports. In 2017, the D.C. Circuit Court of Appeals found that EPA had improperly used waivers to lower …
The Senate passed the most significant conservation legislation in decades on Wednesday but did so without the support of Oklahoma U.S. Sens. Jim Inhofe and James Lankford. Senators voted 73-25 to clear the package to secure full funding for the Land and Water Conservation Fund at $900 million annually and provide billions to address …
A Denver company has agreed to pay a nearly $689,000 fine for illegally drilling oil and gas wells on federal land in Colorado. But prosecutors say it was unintentional on the part of PDC Energy. The company will cough up $688,500 to settle federal allegations that it drilled and produced publicly owned oil and gas …
The influence that New York activist hedge fund manager Paul Singer has over Evergy Inc. has prompted Kansas regulators to consider investigating Singer’s efforts to convince the company to move faster away from coal. The Kansas Corporation Commission was asked by staff in a petition last week to examine an agreement between Evergy Inc. …
