Category: Oil & Gas

Fifth Circuit Rules in Favor of Chesapeake in Texas Lawsuit

The Fifth Circuit Court of Appeals has sent back to Texas Federal Court a proposed class action lawsuit against Oklahoma City-based Chesapeake Energy Corporation which was accused of trespassing on foreclosed oil and gas leases. It could be considered …

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Mid-Continent Digital Oilfield Conference in Tulsa

The 2016 Mid-Continent Digital Oilfield Conference is coming up in about a month in Tulsa and will feature new technology platforms in the industry.
Sponsored by Sustaining Oklahoma’s Energy Resources, the conference will feature a keynote address on …

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Holly Energy Sets Quarterly Announcement Date

Holly Energy Partners, L.P., the Dallas based company with extensive crude oil transportation and storage facilities in Oklahoma and other states says it will announce results for its quarter ended Dec. 31, 2015 on Feb. 23, 2016.
The announcement will…

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Falling Energy Prices Take Big Toll on Nation’s Rig Count

A stunning and dramatic loss of 34 oil and gas rigs was reported nationally in the past week according to Baker Hughes Company of Houston, Texas, the firm that monitors rig activity across the U.S. It reflects the tumbling oil and gas prices and their …

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SandRidge Energy Suspends Dividend Payments

Two days after the New York Stock Exchange removed SandRidge Energy Inc. from trading because of what it called”abnormally low” stock prices, the Oklahoma City-based company announced Friday it was suspending payment of a semi-annual dividend on shares…

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Judge Won’t allow Osage County Landowner to Enter Suit Against BIA

Tulsa federal judge Gregory K. Frizzell has sided with the Bureau of Indian Affairs and an Oklahoma association of oil and gas producers and denied the request of a landowner to intervene in a lawsuit over drilling permit applications in Osage County. …

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Pruitt Supports TransCanada’s Lawsuit over Keystone Pipeline Rejection

Oklahoma Attorney General Scott Pruitt has come out in support of the lawsuit filed by TransCanada challenging the President’s veto of a measure allowing construction of the Keystone XL pipeline from Canada to Nebraska.
“The Keystone XL pipeline has a…

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Central Louisiana Oil Fields Acquired by Swift Energy

In the midst of a chapter 11 bankruptcy reorganization, Houston-based Swift Energy Company is selling 75 percent of its holdings in two oil and gas fields in central Louisiana to Texegy LLC.
Closing is expected to happen on or before March 15, 2016, s…

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Tallgrass Energy Increases Holdings in Pipeline

Despite the oil and gas downturn in the past year, some of the mid-stream companies are surging with major purchases. Take for example the announcement by Tallgrass Energy Partners, LP. The Leawood, Kansas based firm is buying another 31.3 percent inte…

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Fourth Quarter Announcements Coming

It’s about that time of year again when energy firms announce the dates for their fourth-quarter financial results announcements. Mark it on your calendar because Phillips 66 will host a conference call at 11 a.m. Oklahoma time on Friday, Jan. 29 to di…

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