Author's posts
Chesapeake Energy Shareholders Re-elect Directors
All eight sitting members of the Chesapeake Energy Board of Directors were re-elected at a recent annual shareholders meeting held in Oklahoma City. R. Brad Martin was re-chosen as chairman of the board while Archie W. Dunham continued as Chairman Emeritus. Others re-chosen by shareholders were Vincent J. Intrieri, Robert d. Lawler who is also …
Seventy Seven Energy on Path to Chapter 11 Bankruptcy
Two weeks after choosing not to make an interest pay of $21.5 million, Oklahoma City-based Seventy Seven Energy Inc. is apparently still on path toward filing Chapter 11 bankruptcy. The company announced May 13 it had entered into a second amended and restated restructuring support agreement with some of its lenders. It was a move …
Whirlpool Corporation adds Wind Power at Two More Plants
Appliance maker Whirlpool says it is spending millions of dollars to install wind turbines at two of its plants in Ohio. The Michigan-based corporation plans to spend $13.5 million to bring wind energy to plants in Ottawa and Marion, Ohio. The company said it expects the turbines to offer electricity consumption by 34 percent at …
Out-of-Work Coal Miners in Kentucky to be Retrained by Federal Government
With the Obama administration carrying out a war on the coal industry, now the government is granting more than $3 million to help retrain unemployed coal miners in Kentucky. The U.S. Department of Labor announced it funded the $3.4 million grant to help thousands of Kentucky coal miners. But the National Dislocated worker Grant will …
Record Horizontal Well Drilled by Halliburton
The longest horizontal onshore lateral ever drilled in the U.S. has been announced by Halliburton. The company said it worked with Eclipse Resources Corporation to complete hydraulic fracturing on the lateral test well known as “Purple Hayes” in the Utica Shale. It had a lateral length of more than 18,500 feet and was completed with …
Gasoline Prices Reach $2.13 a Gallon Average in Oklahoma
The summer driving season is officially underway and AAA Oklahoma says the state’s newest gasoline price average is up to $2.13 a gallon but is still 33 cents below the average one year ago. The national average is $2.32 a gallon and spokesman Chuck Mai says drivers are paying the lowest gas prices for this …
Supreme Court Rules Against Corps in Wetlands Fight
The U.S. Supreme Court ruled Tuesday federal courts do have the authority to review determinations from the Army Corps of Engineers concerning wetlands and whether they are subject to the Clean Water Act regulations. Many consider it a win for landowners who argued their abilities were limited in challenging the Corps decisions. It was a …
Boeing Announces 6-month Delay in Delivery of New KC-46 Refueling Tanker
An announcement by Boeing that the delivery of its first KC-46 air refueling tanker to the Air Force will be delayed half a year also means a delay in training at Altus Air Force base in southwest Oklahoma. Boeing blamed the delay on issues related to qualification and certification of the plane’s centerline drogue and …
Texas Supreme Court Rules in Favor of Ranch in Water Fight with City of Lubbock
The Texas Supreme Court has ruled against the city of Lubbock in a fight over water and the accommodation doctrine, considered to be an integral part of oil and gas law. The justices, in their opinion, said water drillers cannot ignore land rights. It was considered a first in which the court ruled …
Sierra Club Appeals Corporation Commission Decision on OGE Power Plant
The Oklahoma Supreme Court now must decide if it will grant an appeal by the Sierra Club of the State Corporation Commission decision allowing Oklahoma Gas and Electric to pass along a $500 million rate hike to save an old coal-fired power plant. The Sierra Club filed an appeal late last week accusing the …