Up to $400 million in outstanding notes are the subject of a cash tender offer announced by ConocoPhillips. The offer pertains to at least 12 different senior notes due ranging from 2021 to 2047. The rates vary from 6.500% up to 9.125%. The tender Offer will expire one minute after 11:59 p.m. New York …
Secretary of State Lopez Resigns in Fallin Administration
Her staff changes are nothing on the order of those for President Trump, but Gov. Mary Fallin finds herself looking for another secretary of state. Dave Lopez submitted this resignation letter to the governor this week indicating he is resigning to focus on personal and business interests. He plans to leave office by March 30. …
Gross Production Taxes Come In Under February Estimates
General Revenue Fund collections for February, released this week by the state showed totals, including the gross production tax collections on oil and gas were more than a year ago, but were also below the monthly estimates. The gross production tax collections totaled $28.1 million, a figure $16 million or 36.3 percent less …
Oil Prices Slip Again Over Concern of Growing Inventories
Another day of trading and another day of falling oil prices. West Texas Intermediate crude dropped 51 cents to settle at $60.85 a barrel in trading on the New York Mercantile Exchange. The drop amounted to a slip of 0.83% on April futures. Brent Crude on the ICE exchange in London dropped 26 cents …
Drought’s Grasp Tightens on Western Oklahoma
For those city dwellers who don’t think much about the lack of rain, the anatomy of a drought in western Oklahoma might not mean much. But pictures tell the story of the plight in the Panhandle and the northwest. The first one is of a supposed wheat field near Buffalo. The second picture is of …
Natural Gas Working Its Way to Most Sought-After Energy Source
One international energy leader is predicting natural gas is on its way to being the love of the world. Not coal. Not oil. But natural gas, once considered to be the byproduct of oil drilling. Ask Chesapeake Energy executives who focus on natural gas drilling and have done so for years. As natural gas works …
Koch Argues Against Tariff Increases
Ranked as the 6th richest person in the world with a net worth of $60.8 billion, when energy mogul Charles Koch speaks, people usually listen. The co-founder of Koch Industries headquartered in Wichita, Kansas is critical of President Trump’s proposed tariffs on steel and aluminum. Writing in a Washington Post op-ed, Koch said the tariffs …
Another Lawsuit Filed Over Houston’s 2017 Flood Fire
The Arkema chemical plant that caught fire and exploded last year in the middle of the flood disaster at Houston has led to a $1 million lawsuit. Liberty County has gone to court against Arkema over the chemical fires at the Crosby plant. The suit was filed after firefighters filed high-dollar lawsuits against the chemical …
Cushing Inventories Cause Oil Prices to Drop
Oil prices dropped again on Monday as inventories at Cushing fell by more than half since November, dropping to the lowest level since December 2014. Prices for West Texas Intermediate crude dropped 68 cents and settled at $61.36 a barrel on the New York Mercantile exchange. The fall came after oil prices gained $1.92 on …
Bridenstine’s NASA Nomination in Trouble
While Oklahoma Congressman Jim Bridenstine awaits a possible vote in the Senate on his Presidential nomination to run NASA, he continues to avoid taking part in some votes. As OK Energy Today reported early in 2018, Bridenstine’s second nomination was made but movement on a vote was put on hold largely by Florida U.S. Sen. …