The alleged drunken incident that prompted Oklahoma Corporation Commission Chairman Todd Hiett to go public last week with his admission of an alcohol affliction was more than what we were initially led to believe. Now there is a report that it involved Hiett allegedly groping a man and putting his hand on a man’s …
Oklahoma City’s Chesapeake Energy surprised investors this week with a second quarter earnings report showing a $227 million or $1.73 a share net loss—-a loss that prompted the company to defer completion of some wells and lower its capital guidance for the rest of the year. Chesapeake reported adjusted net income of $1 …
Both crude oil prices and Oklahoma energy stocks suffered on Monday. Crude dropped by about 2% and state energy stocks included an 8% fall for one oil and gas firm. The Hezbollah attack on Israel that killed nearly a dozen children playing in a school yard has many wondering if the war will be expanded …
Oklahoma wasn’t one of the 25 sites last week where the Environmental Protection Agency handed out another $5 billion for green energy projects favored by the Biden administration. The state applied but it was not included in the final list. As the Oklahoman reported this week, the effort still might lead to a reduction …
Yes, the mild almost fall-like weather we experienced in the past week has fled the state. No, it scurried out of Oklahoma. Mother nature was just playing a dirty trick on us—-teasing us. It’s quickly been replaced with the really hot 100s. And the Oklahoma Mesonet indicates the hot weather won’t make a …
A series of more than 60 earthquakes, including one that measured 5.1 magnitude in the past several days in the Permian Basin of west Texas prompted a new investigation by state regulators. The Texas Railroad Commission specifically is looking into salt water disposal wells and whether they, like earthquakes in recent years in …
A change has been made on the Board of Directors at Tulsa-based Alliance Resource Management. The general partner of the Partnership announced that John H. Robinson planned to retire from the board of directors at the end of the year. Concurrent with the notice of his retirement, Mr. Robinson stepped down from his …
The Oklahoma Energy Resources Board plans on fall classes under its PetroTech program which officers technical training for those interested in pursuing a career in Oklahoma’s oil and natural gas industry. The OERB also says the classes can also be used to gain new skills for those already employed in the industry. The deadline …
Mammoth Energy Services, Inc. plans a release of its second quarter financial results in early August and it comes just days after the Oklahoma City company announced a $188 million settlement with Puerto Rico over unpaid 2017 Hurricane Maria power restoration work. Mammoth will release the earnings report before the market opens on …
Eleven years after an ExxonMobil pipeline burst in Arkansas and resulted in a huge oil spill, federal and state officials are asking a judge to approve a $1.75 million settlement. It was in 2013 when the Pegasus pipeline leak occurred in Mayflower, sending tens of thousands of gallons of heavy crude oil into streams …
