Financial analysts like what financially-troubled Chesapeake Energy is doing to avoid bankruptcy. Investors apparently do too. Stock prices for the Oklahoma City-based company jumped 50 cents in mid-week trading after the firm announced in its q…
Category: General
Halliburton Laying Off 5,000 More Workers
Another 5,000 workers are being let go by Houston-based Halliburton. It’s on top of the 9,000 laid off in the past year during the energy downturn. A company spokeswoman indicated that the latest roun of layoffs will represent nearly 8 percent …
Energy Tax Credits Among Those up for Review by State Incentive Commission
The newly-created Tax Incentive Commission in Oklahoma has started reviewing nearly $2 billion in tax incentives and credits including those for the state’s wind industry as the state government reacts two two revenue failures.
The commission held its…
Rep. Morrissette to Make Run for Corporation Commission
Lost in the past week’s appearance by environmental activist Erin Brockovich at an earthquake forum in Edmond was the announcement by host, Rep. Richard Morrissette, D-OKC that he planned to run for the Oklahoma Corporation Commission.
The man who’s l…
$6.5 million Judgment Against Pipeline Companies Over Wildfire
A jury in Stillwater has ordered two pipeline companies to pay more than $6 million in damages over a 2012 wildfire that was sparked by welders ignoring a day-old statewide burn ban.
The jury ordered IPS Engineering L.L.C. and Global Pipeline Co…
Another Promise of a Production Meeting Sends Crude Higher Thursday
Another promise of a meeting, another rally on the crude markets. April West Texas Intermediate crude added 92 cents on Thursday to settle at $33.07 a barrel on the New York Mercantile Exchange. April Brent crude gained 88 cents to end trade at $35.29 …
Commissioners Won’t Support Anthony in Reopening Bribed Vote Rate Case
“There is bribery and corruption.” Commissioner Bob Anthony.
Oklahoma Corporation Commission chairman Bob Anthony was unsuccessful Thursday in convincing the two remaining commissioners they should reopen a nearly 25-year old Southwestern Bel…
Commissioners Won’t Support Anthony inReopening Bribed Vote Rate Case
“There is bribery and corruption.” Commissioner Bob Anthony.
Oklahoma Corporation Commission chairman Bob Anthony was unsuccessful Thursday in convincing the two remaining commissioners they should reopen a nearly 25-year old Southwestern Bel…
Kimray to Join Ranks of Those Making Layoffs in Energy Downturn
Oilfield equipment manufacturer Kimray Inc. is making layoffs in the wake of the energy downturn that has seen the state lose thousands of workers in the oil and gas patch.
Kimray says it will cut its workforce by 10 percent beginning the first …
Petition Drive Underway Against Devon, Chesapeake and New Dominion
More than 11,000 people have signed a nationwide petiton drive led by the Washington, D.C. non-profit watchdog, Public Justice aimed against the three energy companies sued last week for causing earthquakes through their wastewater disposal wells…