Four executives of Oklahoma City’s Chesapeake Energy filed reports with the SEC showing their acquisition of hundreds of thousands of shares in the company. The acquisitions were made December 31, 2019 according to the filings with the Securities and Exchange Commission. CEO Robert D. Lawler acquired 718,723 shares, each valued at $0.8256. The acquisition had …
Oil and gas drilling rig counts dropped across the U.S. and in Oklahoma in the past week according to Baker Hughes Co. Oklahoma’s count slipped by one to 51 working rigs in the state compared to the 140 active a year ago. Nationally, the count dropped 9 to 796. The number of oil rigs fell …
North Dakota benefited from drilling advancements in the past 10 years. As the Bismarck Tribune reported, the development of the Bakken shale play came just as the recession of 2008 left many Americans unemployed or in debt. The promise of high-wage jobs drew tens of thousands of people to western North Dakota. Click here to read …
An effort will be made this year in the Minnesota legislature to require the state’s electric utilities to move away from fossil fuel sources. The announcement was made by Minnesota Senate Republicans and it could mean the measure could become law following a divided state legislature last year. Sen. David Osmek, R-Mound, chairs the Senate …
The oil market responded to the U.S. airstrike that killed an Iranian general by jumping more than $2 a barrel. The price of Brent crude rose by more than 4% on Friday to more than $69 a barrel. The uptick came as traders reacted to news of the killing of General Soleimani at the Baghdad …
The decision by the U.S.to take out of Iran’s top military leader, General Qasem Soleimani in a drone strike is fully supported by Oklahoma’s U.S. Sens. Inhofe and Lankford. The strike occurred at the Baghdad International airport as Quds Force Leader General Soleimani arrived and was greeted by his militia leaders in Iraq. As they …
More challenges for Oklahoma City’s SandRidge Energy. Its SandRidge Permian Trust headquartered in Houston has been notified by the New York Stock Exchange that its stock could be delisted. The Trust has fallen below the Exchange’s continued listing requirement that the average closing price of the Trust’s units of beneficial interest be at least …
Houston’s Newfield Exploration Mid-Con Inc. has permits to drill more wells in Oklahoma’s STACK play. Permits for five wells in Canadian County were approved by regulators. Three of the Brueggen 1407 wells will be drilled at 14 14N 7W which is a site about 4 miles southeast of Okarche. Two more Brueggen 1407 wells will …
** The Minnesota Court of Appeals rules that state regulators must consider the environmental impacts for a proposed natural gas plant in Superior, Wisconsin, dealing a setback to the project. ** A developer cancels plans for a 31-turbine wind project in western Michigan due to “stringent” restrictions, though local officials share a different account. ** A company completed the acquisition of two ethanol plants …
Oil and gas drillers in the Permian Basin will soon find themselves targeted by an environmental group seeking to support its claims of high methane emissions from oil and gas wells. The Denver Post reports a Boulder company, Scientific Aviation will track methane emissions as part of a project organized by the Environmental Defense Fund. …