The Oklahoma Rural Association has expressed concerns about health care to members of the Oklahoma Congressional delegation, pointing out the situation has only worsened with the slowdown in the oil and gas industry in the state. In a letter sent to the U.S. Senators and Representatives, Monica Collision, Executive Director of the Association voiced …
The Federal Aviation Administration announced it plans an audit of its training procedures for the controversial Boeing 737 MAX 8 jetliner of which two crashed in 2018 and 2019, leaving hundreds dead. “These fatal accidents have drawn widespread attention to FAA’s oversight and certification practices, including the Agency’s process for establishing pilot training requirements for …
A new SEC filing by National Oilwell Varco, an oil and gas exploration company based in Houston, Texas shows a New York investment firm has ownership of 6.14% of the company’s shares. The filing showed First Eagle Investment Management LLC of New York City has sole voting power of 22,184,470 shares while its total dispositive …
A filing by SandRidge Energy this week with the U.S. Securities Exchange Commission reveals ownership in company shares by some investors. The Schedule 13G filing indicated 0.6% of SandRidge shares are held by CVI Opportunities Fund I and Fund II of Wilmington, Delaware; GI Execution Services LLC of Chicago, Illinois; Sesquehana Advisors Group Inc. …
Even as a Pittsburg County jury was hearing evidence in the lawsuit trial over a 2018 gas rig fire that killed five men near Quinton, the companies involved were being sued by a survivor of the tragic incident. The capability of reviewing any cases related to the trial and lawsuit were kept from public viewing …
The Democratic Caucus in the Oklahoma House of Representatives announced its “Brand New State” agenda this week but it included no reference or mention of improving the energy industry. Instead, the caucus said it will focus on ways to “generate better outcomes in areas of health care, criminal justice, education and the economy.” “Last year, …
Tulsa’s NGL Energy Partners LP announced plans to raise more capital for its projects with the offering of more than 25 million shares in the company. In a filing with the Securities and Exchange Commission, the company offered the Class D Preferred units as well as 25,500,000 common units. The common units represent limited partner …
Oklahoma City’s Roan Resources has been busy in the state’s SCOOP, reporting completion of three Grady County mother-daughter wells with combined production of nearly 2,300 barrels of oil a day. Located at 15 9N 5W or about 2 miles north of Bridge Creek, the wells were drilled in the spring and summer of 2018 and …
Oklahoma City oilman John Kenneth Davidson has been hit with a $100,000 fine from a federal judge for lying to an FBI agent during an insider trading investigation. U.S. District Judge Stephen Friot fined the 68-year old Davidson this week and did not sentence him to prison over the 2018 incident. Davidson was also put …
A Securities and Exchange filing by Tulsa-based Alliance Resources Partners, LP, one of the largest coal-mining firms in the U.S. showed acquisition of company shares by an Alliance executive. Robert G. Sachse, Executive Vice President at Alliance acquired 42,601 shares in direct ownership and now owns a total of 185,710 shares in the company. He …