Oklahoma City-based American Energy-Woodford LLC announced today it has changed its name to White Star Petroleum LLC as a stand-alone company. At the same time, it is making a $200 million purchase of assets from Devon Energy. Elliot J. Chambers, newly named as Chief Executive Officer, said it means White Star will be fully independent …
The U.S. Senate on Wednesday passed the nation’s first broad energy bill in years on an 85 to 12 vote, drawing praise from Oklahoma U.S. Senator Jim Inhofe, chairman of the Senate Environment and Public Works Committee. The measure will reportedly align the nation’s oil, gas and electricity infrastructure. “This bill will improve the production, …
Oklahoma Insurance Commissioner John Dock says the May 24 hearing into earthquake insurance rates doesn’t mean he believes the companies have done anything wrong. It’s what he told Ok Energy Today following his announcement of the hearing. Doak said he’s exploring not only the rates and how some have risen 100 percent but also whether the …
Hit with lawsuits accusing it of antitrust violations and allegations of bid-rigging, Chesapeake Energy has been successful in getting eleven class-action suits consolidated in Oklahoma City federal court. U.S. District Judge Vickie Miles-LaGrange issued the order after several suits were filed following the March federal indictment of former Chesapeake CEO Aubrey McClendon who died later …
Five former Devon Energy Corp. senior analysts have joined to create Senex Energy Partners, LLC, Oklahoma City’s newest upstream oil and gas acquisition company. Senex’s founders include John F. Templin II, Ph.D., President and CEO; A. Paul Baclawski, CPG, Vice President and Chief Operating Officer; John H. Graham JR, PE, Vice President of Engineering; Steve T. Whitaker, Vice …
Oil futures snapped a four-day losing streak Tuesday, as a strike by Kuwaiti oil workers and production outages in other parts of the world renewed hopes for a smaller global glut of crude supplies. Natural gas futures jumped nearly 8%, buoyed by weather-related demand for the fuel, according to Bloomberg MarketWatch. May West Texas Intermediate …
Oklahoma Governor Mary Fallin signed a bill into law this week giving the State Corporation Commission the explicit power to order the shutdown of any wastewater injection well in the state, a bill that arose from the dispute SandRidge Energy had with …
Oklahoma City-based Seventy Seven Energy, the spin-off from Chesapeake Energy, is the latest Oklahoma energy firm to indicate it will file Chapter 11 bankruptcy, seeking protection from its creditors. In an announcement on Tuesday, the company, headed …
At least three more Texas oil and gas companies joined the list of those filing for bankruptcy in the past week.
They joined Energy XXI which OK Energy Today reported on last week, bringing the nationwide total of energy bankruptcies to 21 since the s…
Oklahoma’s legislature is not alone in struggling with a budget wounded badly by the slump in oil and natural gas prices worldwide. While Oklahoma’s budget hole totals $1.3 billion, some believe the Texas legislature will be faced with a $3 billion ho…
