Oklahoma City’s financially challenged Chesapeake Energy Corp. has agreed to another deal to exchange its outstanding shares in exchange for debt, according to documents on file with the Securities Exchange Commission. The move is yet another effort as the company wrestles with billions in debt. The filing, made Monday indicated the amount involved about 5 …
The energy downturn hasn’t stopped BlueJack Energy Solutions LLC in Dallas from securing up to $100 million in equity commitment from Energy Spectrum Capital through Energy Spectrum Partners VII LP. While rig counts have dropped in the past two years, there is still a need to dispose of wastewater from the wells being drilled in …
U.S. Sen. James Lankford has renewed his political point over the President’s threatened veto of the Senate’s approval of $1.1 billion in “emergency” spending to fight the spread of the Zika virus. Now he’s used the pages of The Daily Signal to make his point. As the Senator pointed out in a senate floor speech, the …
The Attorneys General in Texas and West Virginia are asking the Environmental Protection Agency to stop spending taxpayers dollars to comply with the halted Clean Power Plan. “The entire point of the Supreme Court’s extraordinary action in putting a stop to the Power Plan was to preserve the status quo pending the outcome of the …
The state of New Mexico has filed a lawsuit against the U.S. Environmental Protection Agency over last summer’s toxic spill from the Gold King Mine north of Durango, Colorado. The suit, which also named two miner owners was filed by New Mexico Attorney General Hector Balderas in U.S. District Court in Albuquerque. It alleges …
Barnett Shale joint venture partners, Chesapeake Energy Corporation and Total E&P USA, have agreed to settle a class-action lawsuit in Fort Worth, Texas for $52.5 million, according to a report published in The Oklahoman. The 2014 and 2015 lawsuits were filed in north Texas by nearly 13,000 property owners in Johnson, Tarrant and Dallas counties …
Oklahoma’s gasoline prices jumped nearly 8 cents in the past week, reaching a new average of $2.08 a gallon, according to the latest report from AAA Oklahoma. A week ago, the average was $2 a gallon. Nationally, the gas prices are at their highest point for the year, just days away from the start …
Some farmers in New York think they’ve found a way to get around the state’s new law that banned hydraulic fracturing using water. Their method? Liquefied Petroleum Gas. The Snyder Farm Group, according to Natural Gas Now, has contracted with the Texas-based Tioga Energy Partners to use propane fracking technology which is not banned by …
Oklahoma’s employment number sagged more causing the state’s unemployment rate to increase by a tenth of a percentage point to reach 4.5 percent, according to recent numbers released by the Oklahoma Employment Security Commission. The movement upward represented the fourth straight month of increases while the 4.5 percent rate was also two-tenths of a point …
While the oil boom continues falling apart in North Dakota, it has claimed the venture capital firm, Intervention Energy, which filed for Chapter 11 bankruptcy in recent days. The firm, one of the largest companies focused on developing the Bakken and three forks areas in the Williston Basin, listed more than $140 million in debt …