Gulfport Energy Corporation’s three top executives acquired direct ownership of lucrative common stock shares in the Oklahoma City company, according to recent documents filed with the U.S. Securities and Exchange Commission.
Michael G. Moore, Gulfpor…
PostRock Energy Corporation revealed on Tuesday that its lenders have called the company’s debt due immediately.
“PostRock believes that the aggregate proceeds from any such transaction will be substantially less than the amount required to repay in f…
Oklahoma City-based Chesapeake Energy lawyers have decided to drop their request to move trials over claims it cheated thousands of landowners out of royalties. Attorneys had asked Tarrant County judge Dana Womack to move the first ten trials from Fort…
BP will not have to pay for the economic losses suffered by other businesses when the federal government shut down deep-water drilling in the wake of the company’s huge 2010 oil spill, according to U.S. District Judge Carl Barbier in New Orleans.
The …
An effort by Rep. Richard Morrissette to repeal the State’s new law prohibiting cities and towns and counties from banning certain oil and gas activity is apparently dead for this session of the Oklahoma legislature.
He amended HB 1802, a measure by R…
At Panhandle Oil and Gas Inc.’s Annual Meeting of Shareholders recently held in Oklahoma City on March 10, 2016, the company elected two incumbent directors to additional three-year terms. Robert O. Lorenz of Edmond, Oklahoma and Robert E. Robotti of New York were elected to serve until 2019.
Lorenz has been Lead Independent Director of Panhandle Oil and Gas Inc. since 2008 and has been its Director since 2003.
Lorenz, a Certified Public Accountant, holds a bachelor’s degree in Business Administration from Ohio University. Prior to becoming a Director of Panhandle, Lorenz served in various capacities at Arthur Aundersen from 1969 to 2002. He spent more than 30 years in public accounting, serving as audit partner for a number of public companies in the oil and gas, mining and electric services businesses. Lorenz has been a Director of Oklahoma Gas and Electric Company (OG&E), a subsidiary of OGE Energy Corp. since 2005. He is a former Director of Oklahoma City’s now-defunct Kerr-McGee Corporation. Lorenz earned a Bronze Star while completing a tour of duty in Vietnam with the U.S. Army from 1970 to 1971.
Robotti has been a Director of Panhandle Oil and Gas Inc. since 2004.
Robotti received his M.B.A. decree in Accounting from Pace University and a B.S. in Business Administration from Bucknell University. He is a Chartered Public Accountant charter holder. Prior to becoming a Director of Panhandle, Robotti has been the President of Robotti & Company, Incorporated since 1983. His areas of coverage include special situations, oil & gas producers and oil-service companies and property-casualty insurance.
Oil futures settled with a loss of more than 3% on Monday, giving up nearly half of last week’s gain.
April West Texas Intermediate crude fell $1.32, or 3.4%, to settle at $37.18 a barrel on the New York Mercantile Exchange after finishing last week r…
Michael C. Coffman, 63, President and Chief Executive Officer of Panhandle Oil and Gas Inc. in Oklahoma City, has announced his retirement effective December 31, 2016. Panhandle’s board of directors intends to follow its succession plan and name Paul F…
Tulsa based Williams Partners L.P. says it plans to begin construction soon on the Hillabee Expansion Project to increase growing needs for more natural gas in Florida. Work will get underway in May on the first phase that shoujld be completed and ope…
With oil prices making only a slight rebound in the past week and energy companies have idled rigs and made layoffs into the tens of thousands nationwide, some of those same companies are looking at improvements in their fracking technology.
As Reuter…
