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Breitburn Energy Latest in Oklahoma With Critical Debt Problems
Another struggling energy company with a deep investment in Oklahoma and billions in debt, Breitburn Energy Partners LP based in Los Angeles, California announced in recent days it was missing two interest payments totaling $45.7 million on senior not…
Quarterly Financial Results to be Released by Williams
While Williams Cos. proceeds in its merger with Energy Transfer Equity of Dallas, Texas, the Tulsa, Oklahoma based company also prepares to release its first quarter 2016 financial results.
They will be released after the market closes on Wednes…
Feds Drop Probe of SandRidge Energy in Lease Investigation
The Justice Department dropped its investigation of Oklahoma City-based SandRidge Energy on Thursday, but it remains unclear if it is the same probe that led to the indictment of the late Aubrey McClendon.
SandRidge revealed the DOJ decision in a fili…
Latest in TransCanada’s Lawsuit Against President over Keystone XL Pipeline
Environmental groups are siding with the Obama administration in its fight with TransCanada which filed suit a few months ago over the President’s plan to nix the Keystone XL pipeline from Canada to Nebraska. Since the suit was filed in Houston, Texas,…
Tulsa Oilman Tom Atkinson Files for Bridenstine’s 1st District Seat
Tulsa energy executive Tom Atkinson is challenging Jim Bridenstine for the 1st District congressional seat.
Atkinson filed Thursday morning to oppose Bridenstine, a two-term incumbent, in the June 28 Republican primary.
“The people of Oklahoma deserv…
Williams Wins Motion to Expedite Litigation Against ETE in Delaware
The Williams Companies, Inc. announced Thursday that the Delaware Court of Chancery has granted the company’s motion to expedite the litigation commenced by Williams against Energy Transfer Equity, L.P.
The Tulsa-based company’s April 6 lawsuit agains…
Energy Companies “Conned” State of California
Energy companies bilked California out of more than $1 billion? It’s what an administrative law judge at the Federal Energy Regulatory Commission bluntly says happened at the hands of Shell Energy North America and Iberdrola Renewable LLC.
Judge Steve…
15,000 Wells Later for the OERB
Welcome rainfall on Wednesday might have prevented the Oklahoma Energy Resources Board members from celebrating well number 15,000 to be environmentally cleaned up in the state at the well site, but as the old saying goes, it did not dampen spiri…
Bloomberg News—-How Wall Street Misjudged the Oil Boom
Reading a Bloomberg News article about how Wells Fargo Bank and Wall Street misjudged the oil boom of 2014 reminds one of how the same thing happened in the early 1980s in Oklahoma, leading to the Penn Square Bank collapse. Bank executives in th…
Energy XXI Latest to File Bankruptcy Amidst Energy Downturn
Another oil and gas producer has gone to bankruptcy court, trying to resolve its billions in debt. Houston, Texas based Energy XXI filed for Chapter 11 restructuring in federal bankruptcy court this week in Houston, trying to eliminate $2.8 billi…