One of the growing legal issues confronting the estate of the late Oklahoma oil and gas mogul Aubrey McClendon focuses on the sale of 18,000 production acres in Oklahoma’s SCOOP and STACK plays. The investment group, Wilmington Trust which is a major creditor in the McClendon probate case, is opposed to the sale because an …
Aubrey McClendon’s widow is attempting to sell their luxury home in Bermuda for nearly $14 million. Called Winsor House, it sits on a cliffside and is officially listed for sale for $13.9 million. Already, it is under contract according to the Royal Gazette. The paper also said that despite the huge price tag, the house …
Newfield Exploration, the Houston-based company with a large presence in Oklahoma’s STACK play has finished its $380 million sale of its oil and gas assets and undeveloped acreage in Texas. The company announced earlier in the year of its plans to unload the Texas holdings so it could focus on the successful STACK. Its Eagle …
Oklahoma City-based SandRidge Energy is expected to come out of bankruptcy in the coming week and already has announced plans to spend an estimated $250 million on 37 wells in the remainder of the year. SandRidge filed Chapter 11 bankruptcy earlier in the year but now plans to embark on an aggressive drilling pattern that …
WASHINGTON – U.S. Sen. Jim Inhofe (R-Okla.), chairman of the Senate Environment and Public Works (EPW) Committee, praised the $5.2 million Department of Energy (DoE) grant awarded to the Ground Water Protection Council in Oklahoma. ‘I applaud the Ground Water Protection Council for being awarded this $5.2 million federal grant, showing that states are …
An Oklahoma man has taken BP America Production Company to U.S. District Court accusing it of defrauding natural gas royalty owners of millions of dollars. John Cecil alleges in his class-action lawsuit (CV-00410) that BP improperly deducted processing costs to make the gas marketable for sale. He accused the company of not paying royalties o …
A recently released Department of Energy study confirmed some startling news about renewable energy. Green energy costs and generation were analyzed and revealed that renewable power operations have developed rapidly over the past eight years, according to U.S. Energy Secretary Earnest Moniz. The study concluded that the cost of five clean energy technologies — from wind …
Tulsa-based Williams Cos. is still fighting a ruling by a Delaware State judge that brought an end to its proposed $38 billion merger with Dallas-based Energy Transfer Equity LP. In a filing this week, Williams told the court that ETE could have done much more than it did in overcoming tax issues that proved to be …
Even though he’s a lameduck legislator, Oklahoma City Rep. Richard Morrissette is pushing ahead with his attacks on the oil and gas industry and its use of wastewater disposal wells and their apparent causes of earthquakes. He’s highly critical of the state taking out-of-state water, joining in the criticism offered by other legislators. “Apparently …
Oklahoma Gov. Mary Fallin will be among the speakers on Friday at a “Bring Small Business Back” event in Oklahoma City. The Job Creators Network is hosting the event on the campus of Oklahoma State University-Oklahoma City from 9:30 a.m. until 11 a.m. The governor and JCN President and Chief Executive Officer Alfredo Ortiz …
