A $1 billion offering of unsecured notes has been announced by Oklahoma City-based Continental Resources Inc. The offering involves 4 3/8% senior notes due 2028 and the offering is expected to close Dec. 8 subject to customary closing conditions. In making the announcement, the company said it “intends to use the net proceeds from this …
The earthquake review team at the Oklahoma Corporation Commission responsible for monitoring earthquakes will most likely be studying data from the 4.2 magnitude quake that hit Monday night in the northern part of the state. Strong enough to be felt in Wichita, Kansas, the quake’s epicenter was about 8 miles northeast of Perry and …
A new effort is being made this week in the cleanup of a contaminated section of Bird Creek on the Chapman Ranch in Osage County. The creek was the subject of a visit by EPA Administrator Scott Pruitt last spring and has been the target of EPA concerns over salt water that might be seeping …
A quarterly cash dividend has been declared by Oklahoma City-based Devon Energy Corp. on common stock for the first quarter of 2018. The 6-cent a share dividend is payable on March 29, 2018 based on a record date of March 15, 2018.
What’s Harold Hamm have to say about the energy industry in recent days? For one thing, the billionaire founder and head of Continental Resources Inc. believes energy producers have entered an era of fiscal discipline. It’s what he indicated in a recent interview on MSNBC’s ” “Squawk on the Street” adding that drillers won’t be doing lavish …
The North Dakota State Supreme Court is being asked to overturn the convictions of the first protesters sent to jail over the Dakota Access oil pipeline demonstrations. The appeals were filed by Mary Redway, 64 of Providence, Rhode Island and Alexander Simon, 27 of Lamy, New Mexico. They were convicted Oct. 19 of misdemeanor disorderly …
At Tulsa’s WPX Energy, chief operating officer Clay M. Gaspar has another title—-President. The company named him president effective Dec. 1, 2017. He joined the company in October 2014 as a senior vice president of operations and resource development. Gaspar was named WPX’s chief operating officer in November 2015. “Clay is highly regarded in our …
Just as towns and cities and counties in Oklahoma are taking economic advantage of the surge in oil and gas activity in the SCOOP and STACK, so are the businesses of North Dakota’s Bakken play. As the Bismarck Tribune reported recently, North Dakota legislators spent two days in November touring operations of four energy firms …
To most readers, the oil flowing through the Keystone pipeline in Oklahoma to Gulf Coast refineries is just oil. But the stuff coming out of Canada that eventually will flow through the Keystone XL pipeline once it’s completed in Nebraska, South Dakota and Montana comes from tar sands. A most fascinating pictorial story of how …
Investor Carl Icahn has raised his objections to the move by Oklahoma City-based SandRidge Energy to acquire a Denver, Colorado energy firm in a $746 million deal. In a filing with the U.S. Securities and Exchange Commission, Icahn notified the government of a letter he sent to SandRidge Energy directors, saying the acquisition of …