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Bankrupt Samson Resources gets Approval to Unload 4660 million in Assets
Tulsa-based Samson Resource won the approval of a federal bankruptcy judge this week in moving ahead with the sale of an estimated $660 million in assets. Samson owes $4 billion in debt and filed for Chapter 11 protection 13 months ago. This week, Judge Christopher Sontchi with the U.S. Bankruptcy Court for the District of …
Legislator Wants Heartland Flyer Contract Renegotiated With Texas
One form of transportation in the state was the subject of a State Senate interim study this week at the State Capitol—Amtrak’s Heartland Flyer. Sen. Frank Simpson, R-Springer asked for the study because of his concerns that Texas benefits most from the route but only pays 40% of the funding while Oklahoma contributes 60%. “I …
ONEOK Fined $732,000 Over 2008 Fire in Kansas
Officials at ONEOK in Tulsa say they’re reviewing orders from a federal agency that issued a $732,000 fine over a 2008 fire at the company’s operations in Bushton, Kansas. The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration issued three Final Orders on Wednesday with required corrective actions and civil penalties totaling $732,100. …
Pawnee to be Site of Weekend Earthquake Forum
Pawnee, the city hit by an early September earthquake measuring 5.8 magnitude, the largest ever recorded in Oklahoma plans to host an earthquake forum on Saturday. The forum will also be hosed by the Pawnee Nation of Oklahoma t the Pawnee Nation Roam Chief Event Center, 810 Morris Road in Pawnee. it will be held …
Devon’s Larry Nichols to be Honored by OU School of Law
He helped start Oklahoma City-based Devon Energy Corporation 45 years ago and now Larry Nichols will be honored by the University of Oklahoma’s College of Law. He will be given the Eugene Kuntz Award at the annual Eugene Kuntz Conference on Natural Resources Law and Policy on Nov. 4. Nichols, a lawyer by training will …
Ground Broken on ‘Green’ Plant by Continental Carbon in Ponca City
Ground was recently broken in Ponca City for a $110 million cogeneration facility by Continental Carbon. Dennis J. Hetu, President and CEO from Houston helped with the ceremonies. Continental Carbon plans to construct the new facility behind its existing carbon black manufacturing plant south of Ponca City. “This will allow the company to be free …
DUG Midcontinent Getting Underway in OKC
Hart Energy’s 4th annual DUG Midcontinent conference is underway in downtown Oklahoma City with keynote addresses to take place Thursday. The opening keynote will be Thursday morning at 8:35 featuring Wade Hutchings, Regional Vice President of Midcontinent Assets at Marathon Oil Corporation. A 9 a.m. economics panel will feature Ed Morse, Managing Director and Global …
Environmentalists Say Cushing Oil Pipeline Leak is a Result of Growing Earthquake Damage
The oil pipeline leak at Cushing over the weekend has given concern to environmentalists who believe it might be a sign of things to come because of Oklahoma’s increase in earthquakes. While a 3.1 magnitude earthquake rattled the Garfield County town of Covington early Wednesday morning, the cleanup remained underway at the Seaway Pipeline, …
Halliburton’s Looking for Workers
The Oklahoma Employment Security Commission’s recent report that the downturn in Oklahoma’s oil and gas industry might have hit bottom might be supported by Halliburton. The Houston, Texas based company opened a job fair this week in Yukon at the Yukon Event Center. Its sign advertising job openings for mechanical and electronic technicians. Inside, applicants …
House Committee Told Oil and Gas Operators Won’t Change Saltwater Disposal Methods Until Forced by the Government
The President of a brine processing company that wants to build a $175 million plant in Oklahoma told a State House Committee hearing on Tuesday what some oil and gas groups have done in the past few years has been a “dog and pony show” when it comes to injection wells and earthquakes in the …