Author's posts
Trump Meets with Colorado Oil and Gas Leaders
Republican presidential hopeful Donald Trump huddled this week in Denver with more than a dozen oil and gas executives, attempting to tighten his influence on the industry in a state where he reportedly trails Hillary Clinton by 11 points in one poll. Oklahoma Energy leader Harold Hamm is one of those executives who is unashamed …
GE Formally Opens $125 Million Oil and Gas Research Center in OKC
General Electric’s new $125 million oil and natural gas technology center is formally being opened this week in downtown Oklahoma City. The opening comes three years after GE announced it would build the center and broke ground. GE executives joined Oklahoma officials in commemorating the huge center, the first GE research center to focus on …
Enel Green Power Reaches 1 Gigawatt of Wind Capacity in Oklahoma
Enel Green Power North America says it now is producing 1 gigawatt of wind capacity in Oklahoma, and will mark the completion of its seventh and eighth wind projects by the end of the year. Enel has operated wind farms in Oklahoma since 2012 and started with the MW Rocky Ridge wind farm, according to …
Continental Resources Redeeming $600 million in Senior Notes
Oklahoma City-based Continental Resources Inc. has announced it is redeeming nearly $600 million in outstanding Senior notes and at the same time expects to reduce its debt to $6.6 billion. The company said it will redeem all of its outstanding 7 3/8% Senior Notes due 2020 and 7 1/8% Senior Notes due 2021 on Nov. …
Tulsa Energy Company Reports Big Wells near Tuttle
Tulsa-based Citizen Energy has had some success in Grady and Canadian counties, hitting at least two wells that produced more than 1,100 barrels of oil equivalent a day. They were not eye-popping producers like some of the 2,000-barrel-a-day-plus wells reported in some parts of the STACK but are still sizeable producers. One well, the Rosemary …
Former Chesapeake Exec Lands Leadership Position at Swift Energy
Former Chesapeake Energy executive Marcus Rowland has taken over as chairman of the board of Houston-based Swift Energy Company. Rowland previously had been the Chief Financial Officer at Chesapeake Energy and his term as chairman will expire in 2019. The company said his appointment followed the retirement of CEO Terry Earl Swift and CFO Alton Heckaman Jr. …
Marathon Oil Unloads $235 million in Holdings
A year after Marathon Oil spent $888 million acquiring holdings in Oklahoma’s Anadarko shale reserve, the company has signed a deal to sell some of its non-core assets in western Texas and New Mexico for $235 million. The company did not reveal the identity of the buy but explained the properties produced nearly 4,000 barrels …
Pawnee Rattled by Another Earthquake
Nearly a month after a record 5.8 magnitude earthquake struck Pawnee, the city was rattled early Tuesday morning by a 3.5 magnitude quake. The U.S. Geological Survey says its epicenter was about 10 miles northwest of the city but at last word, there were no reports of damage or injury. It is the latest …
20th Annual Oklahoma Oil and Gas Expo Set for Thursday
“Networking is priceless. Can’t put a value on it, especially right now. It’s a great show, it really is.” Pat Brown, on SOER’s 20th annual Expo. From small operators to large producers, they will gather Thursday in Oklahoma City for the 20th annual Oklahoma Oil and Gas Expo. And Bristow independent oilman Pat Brown, …
New Dominion’s Earthquake Related Lawsuit Against Lloyd’s of London Moved to New York
Tulsa-based New Dominion recently won a judge’s decision to move one of its earthquake-related lawsuits from Oklahoma to New York. The energy company, sued for the 2011 earthquake in Prague turned around and filed suit last spring in Tulsa against Lloyd’s of London, trying to force the insurer to pay for property damage. Dominion argued …