As SandRidge Energy leaders deal with a fourth quarter net loss of $249 million or $7.01 a share and resulting downsizing of their workforce, they are still considering a merger with another company. It might be a way to survive in the bumpy world of oil and gas. It’s what John Suter, Interim President and …
Tulsa-based Mid-Con Energy Partners, LP announced it plans a reverse split on its stock. The Board of Directors approved a 1-for-10 reverse split effective after the close of markets on March 23, 2020. The announcement was made as Mid-Con Energy stock was trading at about 21 cents per unit. The reverse split will result in …
Oklahoma U.S. Senator Jim Inhofe figures that at age 85, he’s not ready to retire from politics or life in Washington, D.C. He’s announced he will seek re-election, telling The Oklahoman reporter Chris Casteel that the emergency heart surgery he had in 2013 gave him “a new lease on life.” “I put two new …
Andrew Wheeler, administrator of the Environmental Protection Agency, left, and Scott Pruitt. (Drew Angerer/Getty Images, Andrew Harnik/AP) Environmental Protection Agency Administrator Andrew Wheeler, a former coal lobbyist, offered an unexpected defense of Scott Pruitt, the former Oklahoma Attorney General who resigned as EPA administrator amidst accusations of ethics violations. Wheeler faulted his own inspector general …
Gov. Michelle Lujan Grisham signed a slate of bills into law Tuesday afternoon aimed at expanding renewable energy and modernizing the state’s electricity infrastructure, including a bill that reinstates the solar tax credit that expired under the previous administration. SB 29, sponsored by Sen. Mimi Stewart, D-Albuquerque and Rep. Matthew McQueen, D-Galisteo, reinstates the solar tax …
Filings were made this week by Devon Energy executives with the Securities Exchange Commission showing sales of stock, including more than $266,000 in shares by the company President David A. Hager. Hager’s form 4 filing showed he sold 16,345 Devon Energy shares at a value of $16.31 each, which led to a total sale …
Oklahoma U.S. Sen. Jim Inhofe was apparently the Senator behind the letter sent to the EPA this week urging the agency to continue granting relief to small refinery operators from meeting Renewable Fuel Standard requirements. He and eight other Republican Senators, including Oklahoma U.S. Sen. James Lankford sent the ltter to EPA Administrator Andrew Wheeler …
A “wolf in sheep’s clothing.” It’s what Oklahoma Corporation Commissioner Bob Anthony calls a house bill introduced by Seminole Republican Rep. Zack Taylor. But Taylor is defending the measure and criticizes Commissioner Anthony. Anthony has launched a broadside attack on HB 1556 which is called the Oklahoma Corporation Commission Reform Act, a bill originally introduced …
With a nearly 20% drop in gross production tax revenue from oil and gas, Oklahoma’s gross receipts to the treasury are back in negative territory for the month of February. Treasurer Randy McDaniel announced Wednesday the February total monthly collections were $956.8 million, down by $14.7 million or 1.5 percent compared to February 2019. He …
** After years of disputes over net metering, Iowa solar advocates and the state’s largest utility find common ground in a proposal that would preserve payments to solar customers and call for a value of solar study. ** The Indiana Senate passes its version of a bill that would require regulatory approval for coal plant closures, though it is less favorable …
