The U.S. Interior Department’s putting up a fight against the Chapter 11 reorganization plan filed by Tulsa-based Samson Resources. It filed an objection this week to what the creditors are proposing. The filing was made in the U.S. Bankruptcy Court for the District of Delaware where Samson filed bankruptcy in September of last year. Among …
Oklahoma oil billionaire Harold Hamm raked in $3 billion more this week when oil prices rose following OPEC’s decision to cut oil production by one percent beginning Jan. 1. As Bloomberg News pointed out, “Harold Hamm, the wealthiest energy billionaire in the U.S. became $3 billion richer Wednesday morning when shares of his Continental Resources Inc. …
The economies in Oklahoma and 8 other Midwest and Plains states are improving but remain weak according to the latest Mid-America Business Conditions Index report. Issued by Professor Ernie Goss at Creighton University, the index indicated the overall economic index for the region rose to 46.5 in November from 43.8 in October. Goss, an economics …
While OPEC’s decision to cut oil production for the first time in 8 years won’t take effect until Jan. 1, Sen. James Lankford says it’s an indication the OPEC countries are suffering. “It signals to the world that many nations like Russia,Saudi Arabia and Venezuela are starting to feel the real pressure of these down …
Texas and 17 other states have gone to federal court in Alabama against the federal government’s new rules regarding the Endangered Species Act. Oklahoma is not one of the 17 other states but Kansas, Nebraska, Arkansas, Colorado and Louisiana are. The lawsuit challenges the U.S. Fish and Wildlife Service and National Marine Fisheries Service over …
The city of Cushing, rocked by a 5.0 magnitude earthquake will have to make repairs without any federal help. City leaders were recently informed the city did not meet qualifications for assistance from the Federal Emergency Management Administration. “We did not meet the threshold to receive any FEMA funds nor any state emergency funds from …
An upcoming 2017 Oklahoma Economic Outlook Conference to be held in Oklahoma City by Oklahoma State University will focus on Oklahoma’s energy industry. The Dec. 6 conference will be held at the Metro Technology Centers Springlake Campus in Oklahoma City by OSU’s Center for Applied Economic Research and Spears School of Business. Dan Rickman, Regents …
In a move that will likely affect drivers in the oil and gas industry, coal haulers and others in the transportation business, the Oklahoma Highway Patrol has announced cutbacks in patrol hours on state highways due to the state budget shortfall. The move not only puts troopers on a 100-mile-a-day restriction but applies to OHP …
U.S. Sen. Jim Inhofe’s not happy about the actions of the U.S. Fish and Wildlife Service and its move to try and list the lesser prairie chicken species as an Endangered Species. “I am disappointed the FWS is moving ahead to relist the lesser prairie-chicken,” said Inhofe. “Just last year the Western District of Texas …
When it comes to political news in Washington, D.C. the website Politico is considered to be pretty much the Bible. And it’s reporting that Gov. Mary Fallin is the “leading candidate for Interior secretary” in the Donald Trump administration. The website quotes “three people close to Trump’s transition team.” It was last week when the …