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SandRidge Prepares to Emerge from Chapter 11 Bankruptcy with Aggressive Drilling Program
Oklahoma City-based SandRidge Energy is expected to come out of bankruptcy in the coming week and already has announced plans to spend an estimated $250 million on 37 wells in the remainder of the year. SandRidge filed Chapter 11 bankruptcy earlier in the year but now plans to embark on an aggressive drilling pattern that …
Ground Water Protection Council Gets $5 million Energy Department Grant
WASHINGTON – U.S. Sen. Jim Inhofe (R-Okla.), chairman of the Senate Environment and Public Works (EPW) Committee, praised the $5.2 million Department of Energy (DoE) grant awarded to the Ground Water Protection Council in Oklahoma. ‘I applaud the Ground Water Protection Council for being awarded this $5.2 million federal grant, showing that states are …
Oklahoma Royalty Owner Accuses BP of Gas Royalty Fraud
An Oklahoma man has taken BP America Production Company to U.S. District Court accusing it of defrauding natural gas royalty owners of millions of dollars. John Cecil alleges in his class-action lawsuit (CV-00410) that BP improperly deducted processing costs to make the gas marketable for sale. He accused the company of not paying royalties o …
Williams Still Blames ETE for Failed $38 Billion Merger
Tulsa-based Williams Cos. is still fighting a ruling by a Delaware State judge that brought an end to its proposed $38 billion merger with Dallas-based Energy Transfer Equity LP. In a filing this week, Williams told the court that ETE could have done much more than it did in overcoming tax issues that proved to be …
No Letup by Rep. Morrissette in Attacking State and Oil and Gas over Earthquakes
Even though he’s a lameduck legislator, Oklahoma City Rep. Richard Morrissette is pushing ahead with his attacks on the oil and gas industry and its use of wastewater disposal wells and their apparent causes of earthquakes. He’s highly critical of the state taking out-of-state water, joining in the criticism offered by other legislators. “Apparently …
Campaign to Bring Small Businesses Back
Oklahoma Gov. Mary Fallin will be among the speakers on Friday at a “Bring Small Business Back” event in Oklahoma City. The Job Creators Network is hosting the event on the campus of Oklahoma State University-Oklahoma City from 9:30 a.m. until 11 a.m. The governor and JCN President and Chief Executive Officer Alfredo Ortiz …
Oil and Gas Sector Still Losing Jobs in Oklahoma
The latest jobless figures in Oklahoma continue showing a loss of energy jobs in the state in the month of August, according to the Oklahoma Employment Security Commission. Overall unemployment rates went up during the month in 73 of Oklahoma’s 77 counties. They were lower in two and unchanged in two others. Stephens County …
State Legislators Probe Privacy Issues of Drones
From fighting fires to checking pipelines, drones are quickly becoming a part of commercial enterprises throughout Oklahoma and the country. But what about privacy laws and drones? “Do we need privacy laws? Like never before,” declared Stephen Henderson, a law professor at the University of Oklahoma who testified this week before an interim State …
North Dakota Archaeologists Find No Trace of Burial Grounds in Pipeline Path
The State of North Dakota has dealt a blow to those Native Americans protesting construction of a nearly $4 billion Dakota Access oil pipeline near their land where they claim burial grounds and other artifacts were present. A state inspection of the oil pipeline site has found no sign of such Native American artifacts or …
Zero Emission Tax Credits to be Reviewed by State’s Evaluation Commission
The Oklahoma group tasked with reviewing tax credits and their value as the state government wrestles with dwindling revenues meets Thursday to take up the issue of the Zero Emission Tax Credit., It will be one of the main items on the latest meeting of the Incentive Evaluation Commission. The meeting agenda says thee …