Author's posts
Energen’s Plan—-Drill Wells and Sit on Them
Alabama based Energen Corporation says it has closed and signed purchase and sale agreements on more than half a billion dollars in holdings in West Texas and northwestern New Mexico and now is a pure Permian Basin developer. The company sold some holdings in the Delaware Basin of west Texas and the San Juan Basin in …
Bokoshe and Its Coal Ash Dump are Focus of Photographer
“We’ve got to clean up Bokoshe. We’ve got to stop this cancer rate. “ For six years, freelance documentary photographer Carlan Tapp has been photographing the coal ash dump around the southeastern Oklahoma town of Bokoshe…the town OK Energy Today has reported on over the past few years. Now Tapp is out with a …
$888 million Sale of OKC’s PayRock Energy
Houston, Texas based Marathon Oil Corporation announced Monday its $888 million purchase of PayRock Energy Holdings, an Oklahoma City portfolio company of Encap Investments. Marathon’s purchase raises its holdings in Oklahoma from 265,000 acres before the acquisition to 326,000 acres afterward. Earlier in the year, the company confirmed it had distributed $204 million …
SandRidge Bankruptcy Stalls Fraud Lawsuit in Stephens County
A Stephens County District Court judge has put on hold a local lawsuit accusing Chesapeake Energy and former SandRidge CEO Tom Ward of intentionally depressing bids and oil leases in the oil and gas industry. The lawsuit is similar to a federal lawsuit filed against Chesapeake and others in Oklahoma City U.S. District Court. …
Oklahoma’s Energy Sector Took Another Hit in May
Oklahoma’s latest jobless figures show the oil and gas industry is still bleeding badly in the world downturn, dropping 400 more jobs from April to May. Lynn Gray, Director of Economic Research and Analysis for the Oklahoma Employment Security Commission says the state’s energy sector has lost 19,200 jobs since its employment peaked in November …
Lawsuit by Williams Cos. in Muddy Merger Dismissed in Delaware
One of the lawsuits filed by Williams Cos. against Energy Transfer Equity in their muddy merger battle did not go to trial on Monday in Delaware as scheduled. Instead, the two firms agreed to a dismal and ETE of Dallas said it would pay $170,000 to cover court fees of Williams. Williams sued ETE in …
Oklahoma Joins Lawsuits Against VW Over Deceptive Advertising
The state of Oklahoma is one of the latest to join a series of lawsuits against Volkswagen, accusing the car maker of fraud in its Clean Diesel technology. The state is asking for nearly $8 million covering 3,855 registered VW vehicles in the state. Oklahoma is at least the seventh state to file a civil …
Texas Avoids Billions in Energy Rebates with Supreme Court Decision
The State of Texas is likely to save billions of dollars in rebates after the Texas Supreme Court turned aside a request for a sales tax refund sought by Midland-based Southwest Royalties. The nine Republican justices ruled unanimously that the energy company should not be exempted from paying sales tax on equipment used in its …
Washita River Bridge to be Detonated on Tuesday
The old State Highway 19 bridge over the Washita River near Lindsay will be blown up Tuesday by the State Transportation Department. It’s being replaced and crews will detonate controlled charges on the center span of the bridge at 8 a.m. The bridge was damaged in heavy flooding more than a year ago. If things …
Nation’s Oil Rig Count Grows with $50 Oil Prices
The nation’s oil and gas rig count grew by 10 over the past week as oil prices remained steady around the $50 a barrel mark. Oklahoma’s count remained steady at 58 compared to last week, according to figures released by Baker Hughes Company of Houston, Texas. The nation’s count grew to 424, …
