In yet another filing with the SEC, billionaire Harold Hamm and his family took another step toward their total purchase of Continental Resources Inc. and return it to private control. The Nov. 7 filing with the Securities and Exchange Commission included an amendment which stated Hamm’s offer of $74.28 per share was made Oct. …
November 2022 archive
Northeast Kansas county considers ‘hold’ on solar and wind farm development
A county in northeast Kansas is considering a moratorium on all future wind and solar farm. Jack County commissioners scheduled a hearing this week to discuss the possibility according to KSNT. Click here for KSNT
$100 million bonuses at the center of a Texas oil fight
A sticky oil fight is underway in Texas and it involves bonuses paid to two oil executives. Forbes explores the battle that’s underway involving the two executives who were awarded $100 million bonuses after they made $1.6 billion for the family of late wildcatter J. Cleo Thompson and defended them against T. Boone Pickens. …
Increased earnings reported by Cheniere Energy Partners
Cheniere Energy Partners, L.P. reported increased earnings in the third quarter of this year with adjusted EBITDA of $1.5 billion for the quarter and $3.5 billion for the first nine months of the year. It compared to $1.0 billion at the end of the second quarter and $2 billion for the first six months …
Rep. Lucas worries about skill gap with China
Oklahoma congressman Frank Lucas wants to make sure the U.S. takes more steps to closing the engineering and math skills gap between the U.S. and China. As the Ranking Republican on the House Science, Space and Technology Committee, Rep. Lucas fired off a letter to White House Office of Science and Technology Policy Director …
Regulators postpone meeting on Universal Service Fund rules
Oklahoma regulators have called off a meeting planned for Wednesday to discuss some rulemaking changes to the administration of the Oklahoma Universal Service Fund. The Corporation Commission announced that the presentation to the Commission scheduled for Nov. 8 at 1:30 p.m. will not take place. The announcement stated that it was determined that additional …
Rep. Mullin pressures Biden administration on “looming” diesel shortage
Congressman Markwayne Mullin calls it the Biden energy crisis and wants to know what the Biden administration is doing to avoid the growing diesel fuel shortage in this country. “I write with grave concern regarding the looming diesel shortage as reported by the Energy Information Administration,” wrote Rep. Mullin in a recent letter to Energy …
Oklahoma tax revenue hits record high
October brought yet another record in Oklahoma’s tax collections to the state treasury. State Treasurer randy McDaniel reported the receipts for the past 12 months topped the previous record high of $17 billion by more than $200 million. Part of it came from oil and gas gross production taxes which saw revenue increase 92%. Just …
Angry Sen. Manchin blasts Biden for his anti-coal comments
Just weeks after West Virginia U.S. Sen. Joe Manchin supported President Biden on one of his projects, Manchin has been left fuming after the President called for coal plants in the U.S. to be shuttered. The Democratic Senator blasted Biden calling his remarks “outrageous and divorced from reality,” adding that it’s time “he learned …
Large drilling project okayed near Aurora, Colorado
Colorado regulators have approved a plan by Crestone Peak Resources to carry out a 151 oil and gas well drilling project in a rural area immediately adjacent to the city of Aurora. The Colorado Oil and Gas Conservation Commission approved the project that will encompass 55 square miles reported the Colorado Sun. Click here …
