If Democratic presidential candidate Bernie Sanders is elected, he vows to prosecute oil and gas leaders. It’s what he pledged in a recent tweet, saying he would hold fossil fuel executives accountable after climate scientists expressed alarm over ExxonMobil’s projection of zero overall reduction in industrial emissions by 2040. “Here’s a prediction: we are going …
Colorado air quality officials have adopted new oil and gas regulations requiring companies to more frequently inspect equipment for planet-warming and smog-forming gases. At the same time, the move gave confidence to environmentalists in their fight against the oil and gas industry. The toughest of the rules will be on operators drilling near homes and …
Oklahoma City’s Chesapeake Energy Corporation says close to 100 percent of its outstanding Senior notes have been purchased in a pending tender offer on behalf of its subsidiaries, Brazos Valley Longhorn, LLC and Brazos Valley Longhorn Finance Corp. The company said approximately $616.2 million of nearly 99.74% of the notes were validly tendered and …
From heading Oklahoma’s largest oil and gas group to becoming the new leader of the State Chamber of Commerce of Oklahoma. It’s the transition Chad Warmington is making after being chosen following a six-month, nationwide executive search process that involved more than 100 candidates. The search committee picked Warmington who will leave his position as …
Two sister wells drilled by Marathon Oil produced nearly 3,200 barrels of oil combined a day in Oklahoma’s SCOOP play, according to completion reports filed with Oklahoma regulators. The two McCloud 0304 wells, located at 6 3N 4W or about 3 miles southeast of Lindsay had June 2019 spud dates. The largest well had production …
No purchase price was revealed, but Oklahoma City-based Bison has acquired more water infrastructure in the state. It announced the purchase of Gulfport Energy Corporation’s water infrastructure in the SCOOP. The acquisition was made with an upfront payment and other contingent consideration based on the time, pace and magnitude of Gulfport’s future development program and …
Oklahoma City-based Panhandle Oil and Gas announced the closing on a $9.56 million acquisition of 700 mineral acres in the core of Oklahoma’s STACK play. The official closing was Dec. 18 but the transaction has an effective date of Sept. 1, 2019, entitling the company to revenues from volumes produced on and after the date. …
** A California judge approves PG&E Wildfire settlements bringing the utility closer to exiting bankruptcy. The two settlements totaled $24.5 billion. ** Georgia approves $1.8 billion in rate hikes to cover coal ash cleanup. The rates will allow Georgia Power to charge customers an extra $4 a month by 2022. ** The New York Transit Authority …
While Sen. Elizabeth Warren has yet to indicate if she’ll meet with Oklahoma oil leaders during her visit to Oklahoma this weekend, the Democrat running for President vowed this week to reject all of President Trump’s energy policies. If she’s elected. Writing in BuzzFeed, the U.S. Senator stated, “On day one, I’ll issue a sweeping …
Plans by Kerr McGee to build a natural gas compressor station near a northern Colorado town are being met with opposition. Residents of the town of Milliken gathered this week to voice their opposition and as the Greeley Tribune reported, the meeting was “testy and combative.” The site of the proposed plant is owned by …