An Oklahoma oil and gas company sued over the 2011 earthquake that left homes damaged in Prague lost its case Friday with the State Court of Appeals. The high court upheld a Lincoln County judge’s ruling to certify a class-action lawsuit that included residents of Lincoln, Payne, Logan, Oklahoma, Cleveland, Pottawatomie, Seminole, Okfuskee and Creek …
** Hackers have demanded 565 bitcoins, currently worth about $5 million, from Mexico’s national oil company Pemex in a cyberattack. The hack, detected on Sunday by Pemex, has forced the company to shut down its computers across Mexico, Reuters reported. ** The Omaha Public Power District Board of Directors has approved plans to create Nebraska’s largest solar farm. The …
The deterioration of the international coal market forced Tulsa-based Alliance Resources Partners, L.P. to lay off 185 workers at one of its Indiana coal mines. Alliance announced the action was at the Gibson County Coal mine operation in Owensville and Princeton, Indiana. The company issued a Workers Adjustment and Retraining Notification (WARN) Act notice due …
Investors in Oklahoma City’s Chesapeake Energy will be paying close attention to this week’s trading in the company as prices leveled off Friday and closed at 70 cents a share. After the company’s earnings report was released last week in which leadership suggested the future of the company was weak, shares dropped three of …
Communication issues arose on Friday at the Oklahoma Corporation Commission offices at the State Capitol. Phone calls and Internet emails were interrupted at times, forcing the commission to notify the public. Whether they will be resolved by Monday isn’t known. The OCC issued a notification about the problems. Attention all stakeholders, We are experiencing intermittent phone, …
Eight states are facing a propane shortage and the Federal Motor Carrier Safety Administration has declared a regional emergency. The emergency was declared in Kansas, Illinois, Iowa, Minnesota, Missouri, Nebraska, South Dakota and Wisconsin. Oklahoma is not included. The propane shortage has hit corn farmers the hardest as they can’t find enough to dry the …
Climate change protesters in Madison, Wisconsin recently forced the shutdown of a Chase Bank branch because they don’t like the bank’s investment in the Canadian company Enbridge. Enbridge is attempting to expand its pipeline that carries tar sand oil through Wisconsin. Protesters from 350 Madison Climate Action Team filled the lobby of the Sauk Creek …
A report by Bloomberg News shows how billionaire investors are circling distressed oil and gas firms like crows over road kill, waiting to pick up assets at cheap levels. Even corporate officers of some suffering firms, like Oklahoma City’s Chesapeake Energy are taking advantage to purchase more shares. Chesapeake’s Senior Vice President and Chief Accounting …
The latest oil and gas rig counts show the national trend is still sliding downward as the nation’s count dropped by eleven in the past week to reach 806. In Oklahoma, the count grew by one to reach 52, a weak showing in light of the 146 active rigs reported one year ago this past …
A leadership change has been announced by HollyFrontier Corporation in Dallas where CEO and President George Damiris intends to retire at the end of the year. Damiris was appointed CEO and President of HollyFrontier in January 2016 and has served on the Board of Directors of HollyFrontier since December 2015. He joined Holly Corporation in …