Oklahoma City-based Chesapeake Energy announced Wednesday the offering of $750,000,000 in notes due in the coming years. The private placement to eligible buyers focuses on additional 8% senior notes due 2025 and 8% senior notes due 2027. The company stated that the new 2025 notes will be on top of the $1 billion in 8% senior …
The American Council for an Energy-Efficient Economy plans to release its 2017 State scorecard on Thursday and one of the states to be highlighted will be Oklahoma. The new scorecard will be released at 10 a.m. and ACEEE indicated there will be shakeups in state rankings with major improvements for Idaho, Nevada, Virginia, Florida and …
A three-year study of the Permian Basin in Texas and New Mexico indicates the giant play still holds up to 70 billion barrels of recoverable oil. The claim is made by energy researchers at IHS Markit based in Houston. They studied the basin’s key geologic characteristics to get a better estimate of the remaining hydrocarbon …
After successfully suing a wind farm developer in a fight over mining, the Osage Minerals Council finds itself in another fight. It’s being sued by the Third Osage Minerals Council in a dispute over who really owns the Osage Mineral Estate. The Third Osage Minerals Council, on a vote of 4-3 recently moved to take …
The Sierra Club has a message for Oklahoma Governor Mary Fallin and how to solve the $215 million budget hole. “Tell the governor to close the massive budget hole by making oil and gas pay their fair share,” said the club in its latest attack ad on oil and gas. “Oklahoma is facing a massive …
There has been no letup in the exploration in Oklahoma’s STACK play as indicated by the latest completion and permits to drill reports published by OK Energy Today. The completion reports show Newfield Exploration with moderate success in a 588 barrel a day oil well in Canadian County and another one in Kingfisher County. Chesapeake …
The 2017 Oil and Gas Institute by the Oklahoma Corporation Commission will be held Friday on the campus of Oklahoma City University. This year’s event is titled “Expanding Horizons: The New Frontier of Oklahoma Conservation Law.” and will be held at OCU’s Meinders School of Business, 2501 North Blackwelder. It will start at 8:30 a.m. …
The annual Oklahoma Oil and Gas Expo is in nearly two weeks and sponsors say it will include more than 300 exhibitors at the State Fair Park in Oklahoma City. And the STACK and the SCOOP plays might create added interest. Sponsored by Sustaining Oklahoma’s Energy Resources, part of the Oklahoma Energy Resources Board, the …
Guthrie Rep. Jason Murphey calls it “just one more example of another anti-business policy by Oklahoma’s money-grabbing politicians.” Writing for The McCarville Report, the Republican legislator refers to the removal of the state compensation to businesses for the collection of sales taxes. He blames politicians “who are far removed from reality and the real world …
An increase in Oklahoma’s motor fuels tax is part of the State Senate budget plan released this week by President Pro Tempore Senator Mike Schulz. The plan also includes total elimination of sales tax exemptions for the wind industry. “This plan not only addresses the immediate need of $215 million for critical health care agencies …