Oklahoma City’s Chesapeake Energy has been hit again with a lawsuit charging irregularities in contracts covering royalties of hundreds of wells around Fort Worth, Texas. And the law firm that filed the suit is the same one that sued Chesapeake more than four months ago, accusing it of conspiring to rig bids for leases in …
Now under the leadership of a new chairman of the board of directors, Tulsa'[s Williams Companies is moving ahead following the shakeup over the failed attempt to remove Alan Armstrong as Chief Executive Officer. Dr. Kathleen Cooper, a current director and Audit Committee member was named Chairman, replacing Frank T. MacInnis who resigned following …
New rules have been published by the U.S. Department of Interior updating the lease royalties for minerals on federal and Native American lands and how they are calculated. The government claims it is a change that will make sure taxpayers get all the revenue they deserve. The new rules will apply to any Native American …
Now that the Eighth Circuit Court of Appeals has ruled against Minnesota’s restrictions on out-of-state coal-fired plants, the state of North Dakota wants Minnesota to pay its $300,000 legal tab run up in fighting the rules. The Eighth Circuit recently ruled in favor of North Dakota in its legal fight against Minnesota’s Next Generation Energy …
Might be a year before a fire-damaged turbine at the Grand River Dam Authority’s coal-fired electric-generating plant at Chouteau is replaced. Authorities are still assessing damage from the Friday night fire that occurred when lightning struck and knocked a pump offline. The resulting shutdown caused a turbine to continue running and overheating, resulting in the …
A single-engine propeller aircraft piloted by Oklahoma Sen. Jim Inhofe was forced off the runway at South Grand Lake Regional Airport on Sunday night due to severe weather conditions, according to the Associated Press. Severe thunderstorms were present during Sunday afternoon and evening. No injuries or damage to the privately-owned Harmon Rocket aircraft were reported. …
An Oklahoma City battery company that works with electric car makers is creating 116 new jobs thanks to its participation in the Oklahoma Department of Commerce Quality Jobs Program. The State says Spiers New Technologies, Inc., a startup company that’s just more than one year old, will expand operations through the program and get nearly $2 million in …
In the wake of the failed merger between the Williams Companies and Energy Transfer Equity, nearly half of the Williams’ board of directors resigned Thursday afternoon following an unsuccessful attempt to remove Alan Armstrong as the company’s Chief Executive Officer. News of the board resignations spread quickly among the Tulsa business community. “We were really …
With nearly $500 million in debts, the estate of the late Oklahoma City energy mogul Aubrey McClendon is the focus of a legal move before the Oklahoma State Supreme. The Wilmington Trust wants oversight of the estate transactions and has gone to the supreme court for help, according to the Journal Record. In a filing …
The settlement in the U.S. of the emissions scandal surrounding Volkswagen apparently won’t affect the lawsuit filed against the company by the state of Oklahoma. VW reached a settlement with 44 other states and federal agencies but not with Oklahoma. “The VW Group reached several settlements yesterday, but none will have an …