The same day that stocks for Chesapeake Energy Corp. soared 182% this week, another report came out about plans by the company to move ahead with a reported bankruptcy. Of course, the company is not commenting. Bloomberg reported Chesapeake is preparing a potential bankruptcy filing that could hand control of one of the leading lights of …
The oil and gas industry, long one of the most reliable sources of campaign cash for Republican candidates at all levels, is turning a cold shoulder to President Donald Trump. That’s the way Bloomberg news describes what it found in campaign contribution reports, also indicating that at least one Oklahoma billionaire is slow to giver …
A few new wells are in the drilling plans of a handful of energy companies in Oklahoma as indicated by permits to drill granted this week by state regulators. Mack Energy Company, headquartered in Duncan received a permit to drill at 7 2S 2W which is a site about 4 miles southeast of Ratliff …
They aren’t large wells by any means, but the small producers reported this week to the Oklahoma Corporation Commission indicate a few completion reports are still being filed. And in one case, it apparently shows a company can only sit so long on an uncompleted well before it has to do something. Chisholm Oil and …
Just as Oklahoma regulators have dealt with the requests of energy companies to allow the shut-in of their wells, some in Congress want the Interior Department to do the same for operators of wells on government lands. As New Mexico’s oil and gas industry continued to struggle with plummeting prices and slowing production brought on …
William Perry Pendley will remain in charge of the Bureau of Land Management after the Interior Department took a different approach to extending Pendley’s time at the helm of the agency, possibly due to a pending lawsuit. “The leadership of the BLM will not change,” Interior spokesman Conner Swanson said Friday. Pendley has been …
With a medical marijuana dispensary it seems on every street corner in Oklahoma, there has to be an increase in electricity use in the state. As well as the rest of the Midwest, especially in states where recreational marijuana has been legalized. Recreational marijuana recently became legal in Illinois and Michigan. But for cannabis plants …
Action taken by the Legislature last month to protect Oklahoma Department of Transportation (ODOT) funding for the next fiscal year, which begins in July, has allowed ODOT to proceed with plans to repair or replace structurally deficient roads and bridges throughout the state. Rep. Todd Russ, R-Cordell, chair of the House Appropriations & Budget Committee …
Chesapeake Energy wasn’t the only energy company to see a big jump in the value of its stock in Monday’s trading. While shares in the Oklahoma City oil and gas company shot up 182% or $45.12 a share to settle at $69.92, stocks in SandRidge Energy, another financially ailing Oklahoma City energy firm jumped 19%. …
Even as some analysts still believe Oklahoma City-based Chesapeake Energy is on a list of bankruptcy probables this year, stock in the company sky rocketed by nearly 182% in Monday’s trading. The company’s stock has jumped nearly 400% in two days of trading. It was described as a very volatile session as Chesapeake Energy Corporation …