Chesapeake Energy’s legal fights over natural gas royalties are growing in Pennsylvania. Landowners in the state continue to complain they are being underpaid by Chesapeakie which is one of the state’s largest drillers, according to State Impact and National Public Radio. Many of the complaints come from landowners in Pennsylvania’s Bradford County where Chesapeake Energy …
The number of active North American rigs jumped this week, according to the Baker Hughes rig count released on Friday. The U.S. rig count rose by 5 to reach 511 active rigs after hitting a record low of 404 in May. Half a dozen land rigs were added while the inland waters lost one. Overall, …
Oil futures plunged sharply on Friday after a Saudi Arabian delegate reportedly said oil producers aren’t likely to make a decision on production levels at the Algiers meeting, according to Bloomberg MarketWatch. The informal meeting at the International Energy Forum in Algeria will only offer a chance for OPEC and other oil producers to consult …
The U.S. Secretary of Commerce announced Tuesday that the Department’s Economic Development Administration is investing nearly $2 million in Oklahoma to support manufacturers and boost workforce training in the medical sector. A $1 million federal grant was received by the Oklahoma Center for the Advancement of Science and Technology (OCAST) to help with diversification and …
Tulsa-based Williams Companies and Williams Partners announced Friday the completion of the sale of their Canadian businesses to Inter Pipeline Ltd. for combined cash proceeds of nearly $1.06 billion, or $1.38 billion in Canadian dollars, according to a report by The Tulsa World. The deal was initially announced in early August. The partnership and the …
In a U.S. Securities and Exchange Commission Form 8-K filing on Tuesday, Tulsa-based Helmerich & Payne disclosed that the company has settled a 2014 negligence lawsuit filed by a drilling rig employee for $72 million. Joshua Keel, an employee of Helmerich & Payne International Drilling Co., filed the lawsuit in the 152nd Judicial Court for …
The state’s STACK and SCOOP plays have produced another massive gas well. This time, Marathon Oil based in Houston, Texas reports combination oil and gas well in Blaine County which is one of the three primary counties comprising the STACK. The KNAPP family well is located west of highway US 270 near the little community …
At least one Oklahoma City-based energy company is expanding while others are laying off workers, restructuring debt or going into bankruptcy. Harding Shelton Exploration is getting more investment capital and at the same time, changing its name to Antioch Energy. Located in Oklahoma City’s Bricktown entertainment district, Antioch is getting the money from TPH Partners, …
While Oklahoma wrestles with the continuing earthquakes that some scientists believe are a direct link to wastewater injection wells, Oklahoma State House Democratic leader Scott Inman proposes a ban on out-of-state wastewater. It’s what he told News 9’s Justin Dougherty in a recent interview. “I think the state should be looking into whether or not …
Oklahoma City-based Templar Energy LLC has restructured $1.45 billion of debt in order to avoid bankruptcy after securing unanimous lender approval of its reorganization plan, according to a report by The Oklahoman. The oil and natural gas producer’s second lien lenders canceled $1.45 billion in debt in exchange for $133 million in cash and 45 …
