Billionaire Harold Hamm is getting his wish. He and his family are taking back Continental Resources, the company he founded in the late 1960s, and making it privately owned. It’ll cost him $4.3 billion. Continental Resources announced Monday it had entered into an agreement and plan of merger with Omega Acquisition, Inc., a firm …
October 2022 archive
Vandals hunted for $500,000 in damage to site in Owasso
If it had involved an energy system such as a pipeline, the vandalism that occurred over the weekend to a construction site in Owasso would have involved a new state law. Owasso police say whoever turned over a front-end loader and tore up shipping containers left a trail of damage totaling an estimated $500,000. …
Oklahoma rancher fights ‘for’ a wind farm, not ‘against’
An Oklahoma farmer and rancher isn’t giving up his long fight against a state law that happens to prevent him from using his land as part of a wind farm. The Oklahoman reported this week on the fight by Mike Day of Cement who took his battle with the state to court. Click here …
AARP comes out swinging against OGE’s latest rate hike
AARP Oklahoma leaders are fighting the latest rate hike bid by Oklahoma Gas Electric, the third such increase in 2022. In a release on Monday, the organization’s leaders cited the notice that OG&E customers received Oct. 7 when they were informed of an increase to the fuel charge on bills of 7.4% or approximately …
Headlines of other energy stories
**President Joe Biden has “no plans” to meet with Saudi Crown Prince Mohammed bin Salman next month after the kingdom moved to cut international oil production in line with Russia, a senior White House official said Sunday. ** Investors are worried that the US could flood the market with more oil from the Strategic Petroleum Reserves, according to Energy …
LSB to be part of conference seeking investors
Oklahoma City-based LSB Industries plans to be on hand next month at the Morgan Stanley Global Chemicals, Agriculture and Packaging Conference in Boston as it seeks possible new investors. The conference at the Four Seasons Hotel in Boston will be held on Wednesday, November 9. LSB’s Executive Vice President and CFO Cheryl Maguire will …
New North Texas lake is dedicated
North Texas officially has another lake. The North Texas Municipal Water District (NTMWD) officially dedicated Bois d’Arc Lake in Fannin County, TX, celebrating the completion of the state’s newest major reservoir. Around 300 officials attended the ceremony near the lake’s dam and spillway. The surging growth of North Texas underscores the need for additional water …
Icahn not optimistic about U.S. economy
Billionaire Carl Icahn, owner of CVR Energy, a firm with a refinery in southern Oklahoma is high on the energy company. Speaking recently at MarketWatch’s Best New Ideas in Money Festival, he was so enthused about the firm in which he acquired 80% interest 10 years ago, he admitted it was his pick for …
Weekend storms left thousands without power in Oklahoma
Severe weather, including lightning, strong wind gusts and heavy rain Saturday night caused power outages across the service area, with the majority of the impact in Durant and the Oklahoma City metro. Oklahoma Gas and Electric mobilized approximately 200 personnel to the areas to restore power as safely and as quickly as possible. As of …
Permits to drill for October 14, 2022
Custer County SANDROCK 1414 #2H 12X, October 14 2022 13 14N 14W NWSESESE API: 03922612 Lat: 35.682863006477525, Long: -98.63424529923822 TAMWORTH RESOURCES LLC HH, DR, 25000 ft, WOODFORD(14400) Custer County SANDROCK 1414 #3H 12X, October 14 2022 13 14N 14W NWSESESE API: 03922613 Lat: 35.68290695870771, Long: -98.63433284491532 TAMWORTH RESOURCES LLC HH, DR, 24000 ft, MISSISSIPPIAN(13500) Ellis County PEETOOM …