Chesapeake Energy Corporation announced Monday that it has amended its previously announced exchange offers relating to its outstanding different warrants. The announcement covered Class A warrants, Class B warrants and Class C warrants, each to purchase shares of common stock, par value $0.01 per share, of the Company. Chesapeake extended the offering period for …
What would a nationwide rail strike mean to U.S.?
You think prices are high now? Wait until a possible railway strike slaps the nation. Consumers will likely be reeling if it happens. The White House scrambled this week to avoid the strike threatened by more than 90,000 workers from 13 unions around the nation, a strike they say will happen if they cannot …
Anadarko Basin oil and gas production to grow in October
A new report shows new well oil production in the Anadarko Basin which includes Oklahoma will likely increase in October. The U.S. Energy Information Administration reported Monday that new well oil production in October will increase over September by 2 barrels a day to an average of 713 barrels a day. Total oil production …
Supreme court to hear arguments against Norman’s fight against turnpike proposal
The fight against a proposed turnpike through Norman will take the highway to the Oklahoma Supreme Court. On Tuesday, the Turnpike Authority will argue its $500 million bond project to build new toll roads in the state is legitimate and sound. The $500 million is part of the Authority’s 15-year $5 billion Access Oklahoma …
House Dems prepare latest attack on oil and gas industry
The nation’s oil and gas industry will again face an attack this week by Democrats on a House committee. Members of the House Natural Resources Subcommittee on Oversight and Investigations plan a hearing on Wednesday to continue their investigation of the role they contend public relations firms had in spreading climate change denial. It …
More abandoned wells than first thought in New Mexico
A report indicated the number of abandoned wells in New Mexico increased by nearly 200 in the past year. Before the enactment of the President’s Infrastructure Investment and Jobs Act, the state had 741 such wells. After the law was enacted, New Mexico recounted and found more than 1,000 so-called orphaned wells that need …
Headlines of more stories
** Sen. Bernie Sanders and environmental groups are threatening to derail oil and gas gains obtained by Sen. Joe Manchin in the President’s new climate law. There are growing chances Manchin might lose Democratic support for the Mountain Valley Pipeline, a natural gas line he supports. ** A federal judge orders the Biden administration to reinstate an …
Who’s behind AERO the nonprofit that wants to deregulate energy in Oklahoma?
An Oklahoma nonprofit pushing to deregulate Oklahoma’s energy market is making a name for itself, but its leaders still refuse to be transparent about the source of their funding. The Alliance for Electrical Restructuring in Oklahoma or AERO has attracted its critics reported the Ada News. Click here for Ada News
The conundrum of supplying LNG to Europe
It sounded simple. Supply energy starved European countries with LNG from the U.S. After all, the U.S. has nearly an unlimited supply of natural gas right? But the issue has come home to roost in Washington D.C. and in some U.S. states where renewable energy was and is being pushed strongly. Check out the …
Gas prices keeping falling in Oklahoma with one county less than $3 a gallon
Comanche County in southwest Oklahoma reached an average less than $3 a gallon over the weekend—the lowest price in the state as gasoline prices continue falling nationwide. The American Automobile Association reported Oklahoma’s average is $3.29 while the average in the county where Fort Sill and Lawton are located has an average of $2.99 …