Oklahoma City-based Chesapeake Energy is out with a new business strategies report showing its strategic goals. The company, in the September 2018 update indicated its goals include better margin enhancement, free cash flow neutrality and an improved net debt to EBITDA ratio. The new strategy cited another goal is restoring the balance sheet. The company …
Roan Resources, Inc. announced this week the closing of the reorganization agreement entered into on September 17, 2018 between Roan Holdings, LLC and Linn Energy, Inc. As a result of the transactions, Roan Resources, Inc. has consolidated 100% of the equity interest of Roan Resources LLC., through its wholly owned subsidiaries. The completion of this …
The 2018 Oklahoma Brownfields Conference continues in Oklahoma City through Sept. 28, 2018, at the Skirvin Hotel, located at 1 Park Ave. The conference will attract realtors, developers, attorneys, architects, and engineers to hear about redeveloping property with environmental impacts, managing liability, and reconnecting projects to the community. Topics will include Redevelopment and GIS, Historic …
The Oklahoma Department of Environmental Quality’s Fourth Annual Green Schools Summit will be held Thursday at the Riverfield Country Day School in Tulsa. The Summit is the largest annual event focused on greening efforts in Oklahoma schools. Some 118 students representing 13 schools throughout the state will learning about starting a “Green Team” to make …
– Devon Energy Corp. announced plans to report its third-quarter 2018 results on Tuesday, Nov. 6, after the close of U.S. financial markets. The earnings release and operations report announcing these results will both be available on the company’s website at www.devonenergy.com. On Wednesday, Nov. 7, the company will hold a conference call at 10 a.m. …
Nebraska landowners and others who are fighting the location of the Keystone XL pipeline in their state are gearing up for another hearing to be held by the State Department. Bold Nebraska, one of the opposing organizations calls the October 9 hearing “another hastily-produced, sham environmental review for Keystone XL.” The group is organizing more …
The U.S. Department of Transportation under the Trump administration has moved to repeal the Obama-era rule mandating safety upgrades for oil tanker trains. The original rule was designed to reduce the possibility of derailments, explosions and spills from trains such as those that carry crude oil through Oklahoma. Fortunately, Oklahoma has not had deadly accidents …
Kingfisher county is still drawing heavy interest from drillers seeking more big oil in one of the primary counties that makes up the STACK play. Rigs will be going up soon. The latest issuance of permits to drill by the Oklahoma Corporation Commission included 14 permits for Kingfisher county. Six went to Newfield Exploration, the …
The Democratic candidate for Oklahoma Attorney General is accusing former Attorney General Scott Pruitt and current AG Mike Hunter of poisoning the people of eastern Oklahoma by allowing poultry giants to pollute the Illinois River. In a statement this week, Mark Myles, an Oklahoma City attorney said the corruption that is poisoning the land, air, …
Short and sweet—-Basic Energy Services Inc.’s rejection of a merger proposal from Key Energy Services Inc. based in Houston. The Fort Worth company announced its Board of Directors unanimously voted against the merger offer made this week by Key Energy. Key made the unsolicited proposal to combine with Basic Energy in a stock-for-stock transaction. In …