Chesapeake Energy Corporation shareholders vote Monday on the company’s proposed reverse stock split. The company needs shareholder approval before it can move ahead with the financial move that comes as company stock is down 80% year to date. The board of directors called for the reverse stock split as a means to increase the …
Tulsa-based Alliance Resource Partners, a major coal mining operator in the eastern U.S. is extending its temporary suspension of operations at its Ilinois Basin mines. Originally, the company intended for the suspension to end April 15 but now Alliance Resource says work will be suspended until April 26. The firm reached the new date after …
Marathon Petroleum Corp. prepares to suspend operations at its refinery in Gallup, New Mexico as fuel demand has plummeted, leaving cars off the roads and planes out of the skies. It’s estimated a third of the world’s airliners are grounded so refinery operators like Marathon are reacting. Marathon will idle its New Mexico refinery and …
If there isn’t moisture in this latest and hoped-for last blast of winter weather in the Oklahoma Panhandle, the drought is likely to grow. The Drought Monitor says wile more than 95% of Oklahoma is drought-free, it’s clear the Panhandle is not. Gary McManus, Climatologist with the Oklahoma Mesonet and the Oklahoma Climatological Society says …
With the Chapter 11 bankruptcy of Whiting Petroleum Corp. and others possibly in waiting, such as Oklahoma City’s Chesapeake Energy, major U.S. lenders are reported to be making plans to collect billions in debt and become operators of oil and gas production companies. Chesapeake Energy as well as Denbury Resources Inc. and Callon Petroleum …
Completion reports filed on April 9, 2020. CANADIAN COUNTY Chaparral Energy Llc Mississippi(9555): Oil 904 Gas 4936 Water 1195 Flwg 26 13N 7W Greenback 1307 2mh-35, March 04, 2020 HH, OIL, TD: 14665 ft Lat: 35.56678, Long: -97.91807 API: 35017255550001 GRADY COUNTY Continental Resources Inc Woodford(13847): Oil 117 Gas 763 Water 3318 Flow 20 6N 5W Early 4-29-32xhw, January 08, 2020 HH, OIL, TD: 21728 ft …
Permits to drill issued for April 9, 2020. Canadian County COWABUNGA 1207 3-10 #1MXH, October 24 2019 03 12N 7W NWNWNWNW API: 01725549 Lat: 35.55062509959638, Long: -97.9361022176109 CAMINO NATURAL RESOURCES LLC MU, AM, 19905 ft, MISSISSIPPIAN(9374) Canadian County JENSEN #1H-8, April 08 2020 08 11N 8W N2NENWNW API: 01725618 Lat: 35.448724377564744, Long: -98.07532845819948 CITIZEN ENERGY III LLC …
Even a production-cut agreement of 10 million barrels of oil a day for two months by Saudi Arabia and Russia wasn’t enough to boost oil prices on Thursday. West Texas Intermediate crude dropped $2.33 before finishing the day at $22.76 a barrel while Brent crude fell 81 cents and ended the day’s trading at …
Oklahoma Corporation Commissioner Todd Hiett filed as a candidate for re-election this week, seeking another six years on the state regulatory board. So far, he has one challenger in the Republican primary and that is Harold D. Spradling of Cherokee who previously ran for the commission. Hiett, who has chaired the Corporation Commission since March …
Oklahoma City-based Chesapeake Energy Corporation has set an expected effective day for its planned reverse stock split. A special meeting of shareholders will be held April 13 and the reverse stock split will need their approval before it can go into effect. The reverse stock split proposal includes a proposed reverse stock split …
