Major Cuts Coming to SandRidge Energy Subsidiary

Due to the low oil and gas prices, SandRidge Energy is closing a substantial portion of its wholly-owned oil field services subsidiary, Lariat Services. The move will push 226 employees out of the door. That’s about 87 percent of the current 260 member…

Continue reading »

Governor Approves Transfer of Emergency Funds for Flood Repairs

Governor Mary Fallin has approved the transfer of $1.8 million from the state’s emergency fund so Oklahoma can qualify for federal funds needed to repair flood control structures damaged in the past year.
“These structures are absolutely vital to prot…

Continue reading »

Inhofe Polls States on EPA Mandates

The U.S. Senate Environment and Public Works Committee chaired by Sen. Jim Inhofe is asking for the feedback of states on just how good of a job the Environmental Protection Agency is doing with regards to its regulatory programs. And is the EPA …

Continue reading »

Obama Vows to Attack “Dirty Energy”

President Obama used his last State of the Union address Tuesday night to continue campaigning for his global warming and climate changing plans.
“Look, if anybody still wants to dispute the science around climate change, have at it,” challenged the P…

Continue reading »

Earthquake Townhall in Edmond

Representative Richard Morrissette (D-OKC) won’t be the only legislator holding a town hall meeting this week regarding the earthquake challenge and its ties to the state’s oil and gas industry.
Rep. Lewis Moore, (R-Edmond) will hold a townhall …

Continue reading »

Jones Energy Announces Exchange Offer on Senior Notes

Austin, Texas-based Jones Energy Holdings, LLC and Jones Energy Finance Corp. have announced an offer to exchange any and all of their $250,000,000 outstanding principal amount of 9.25 percent Senior Notes due 2023 for an equal amount of new 9.25…

Continue reading »

Strong U.S. Dollar Threatens to Push Oil Below $30

Threatening to go below $30 a barrel crude prices ended lower on Tuesday. February West Texas Intermediate crude lost 97 cents to end trade at $30.44 a barrel on the New York Mercantile Exchange. Over on the London ICE Futures Exchange, February Brent …

Continue reading »

Earthquake Damage Lawsuit Filed in Logan County

A second lawsuit has been filed this week over earthquake damage in central Oklahoma. The suit was filed in Logan County District Court by Lisa Griggs and April Marler and is asking a judge to allow it to be a class-action lawsuit against Devon Energy,…

Continue reading »

Edmond Earthquake Town Hall Set for Thursday

Edmond residents will hear from official over the recent earthquakes at a town hall meeting scheduled for Thursday. Representative Lewis Moore is organizing the event.
Speakers at the town hall include Oklahoma Geological Survey Director Jeremy Boak a…

Continue reading »

Corporation Commission Reconsiders ‘Bribed’ Vote Issue

The Oklahoma Corporation Commission will meet Wednesday to consider two controversial topics—one concerning the bribed vote of a corporation commissioner in a 25-year-old-case and the other focusing on the issue of whether PSO customers will be allow…

Continue reading »