Problems in the Chapter 11 plan sought by Dallas-based Energy Future Holdings Corp. The company told senior secured noteholders this week it is pivoting from a proposed settlement in favor of a deal with unsecured noteholders. It could prompt the senior lenders to reject the Chapter 11 bankruptcy in a Delaware court. It was last …
A New York oil futures trader gets ten years in prison for running a Ponzi scheme which bilked investors out of more than $1.4 million. A Texas federal judge sentenced Christopher Donrick Daley this week after Daley was convicted last September following a two-day jury trial on wire and mail fraud charges. The judge …
The latest group to target Oklahoma Attorney General Scott Pruitt and his nomination by Donald Trump to head the Environmental Protection Agency is spending six figures in an online and TV ad campaign against him. Clean Air Moms Action is urging senators to vote against Pruitt’s confirmation and is running ads in Florida, Maine, Nevada, …
Millions of dollars in railroad safety projects are expected to be approved Wednesday when the Oklahoma Transportation Commission holds its first meeting of 2017. Eleven railroad signal projects are on the agenda, each ranging in cost from a low of $244,000 up to $488,000. The projects are in Adair, Wagoner, Sequoyah, LeFlore, Oklahoma, Grady, …
Not one but three strong earthquakes hit the Pawnee area Monday morning and afternoon. Each measured 3 point 2 magnitude or more. The strongest was 3 point 7 magnitude. The US Geological Survey also says they occurred in the same area where a 5 point 8 magnitude quake rocked Pawnee last fall.
Maybe rising oil prices have contributed to a slowly-improving economy in Oklahoma. It’s a possible indication from the monthly Mid-America Business Conditions Index report released Tuesday by Creighton University economist Ernie Goss. He says the monthly survey of business supply managers suggest economic conditions are improving in nine Midwest and Plains states, including Oklahoma. …
If Oklahoma Attorney General Scott Pruitt didn’t know it last month, he knows now. He will officially be targeted by Democrats in the U.S. when confirmation hearings begin for him to become Donald Trump’s chief administrator of the U.S. Environmental Protection Agency. Democrats came out this week led by New York Sen. Charles Schumer (D-N.Y.) …
A more energy friendly government and Washington. It’s what Tommy Foltz at the Consumer Energy Alliance is expecting from the Donald Trump administration. He cites Trump’s nominations of Scott Pruitt at EPA, Rick Perry as Energy Secretary and Rex Tillerson, the former Exxon chief to be Secretary of State as cause for optimism in …
An oil and gas leader known as the “frack master” has been hit with federal civil charges in Texas and accused of defrauding investors out of nearly $80 million. The Securities and Exchange Commission filed the charges in Dallas Federal Court against Chris Faulkner, CEO of Breitling Energy Corporation. The SEC accused him of spending …
Whether it’s wind power, electrical, oil and gas or mining, all of the industries know that Oklahoma continues suffering from a lack of rain. The latest Drought Monitor indicates the severe-to-extreme drought in the state increased from 18 percent at the end of November to 46 percent at the end of December. Remember, on …