Leaders of the Oklahoma Energy Resources Board observed the board’s 25th anniversary of cleaning up abandoned oil and gas sites by taking guests to a cleanup site in Oklahoma. Those on hand got to see first-hand how the OERB eliminates abandoned sites that might contain concrete and machinery. They were taken to a site in …
After filing Chapter 11 bankruptcy in Delaware, Cloud Peak Energy in Wyoming has received court approval to proceed with reorganization. The company filed bankruptcy last week. Colin Marshall, President and Chief Executive Officer of the Powder River Basin operation said it will allow the company to continue operating as normal as assets are being sold. …
When Chesapeake Energy in Oklahoma City acquired WildHorse Energy Resources in 2018, it resulted in the 2019 formation of Spur Energy Partners LLC by former executives of WildHorse. Now they have announced the formation of a partnership with KKR, a leading global investment firm to acquire large, high-margin oil and gas production and development …
Roan Resources, Inc. in Oklahoma City reported first quarter 2019 losses of $58.1 million or 38 cents a share. Adjusted net income was $14.3 million or 10 cents a share. The company also stated that its capital expenditures dropped $44 million to $172.8 million compared to a year ago. But production of nearly 49,000 …
A new ranking of the best and worst states for business in 2019 by Chief Executive Magazine shows Oklahoma moved up three places to 18th best. Texas remains number one for a second straight year while California is at the bottom of the list for a second consecutive year. Chief Executive credited Oklahoma stating that …
Oklahoma has taken a step to form a Tri-State Commission on the McClellan-Kerr Arkansas River Navigation System with Kansas and Arkansas. Gov. Kevin Stitt signed House Bill 2142 into law on Tuesday. As the bill stated, it is anticipated that the State of Arkansas and the State of Kansas will enact legislation in order to …
The official announcement has not been made by the Oklahoma Department of Environmental Quality, but the agency headquartered in downtown Oklahoma City plans to build an eight-story garage. The Oklahoman’s Steve Lackmeyer reported this week that the DEQ made a request and presented plans to the Oklahoma City planning department. It intends to demolish the …
Another huge jury award in California against the makers of Roundup weed killer might give more hope to a handful of Oklahomans whose lawsuits were transferred to California. This week, a jury in California awarded a couple more than $2 billion to Alva and Alerta Pilliod of Livermore, California who sued after contracting non-Hodgkin’s lymphoma …
One of the latest energy-related bills to be signed into law declares a moratorium on new permits for mining in Oklahoma. House Bill 2471 was signed into law on Monday by Gov. Kevin Stitt. The measure creates an indefinite moratorium on the issuance of any new permits for mines that “overlies a sensitive sole …
Environmentalists and members of the Ponca Nation of Oklahoma plan to hold a three-day Frontline Oil and Gas Conference in a fight against Oklahoma’s oil and gas industry and fossil fuels. An estimated 200 people are expected on hand for the event that will be held May 16, 17 and 18. It’s designed to be …