After the Oklahoma Supreme Court issued its ruling in Beason v. I.E. Miller Services, Inc., striking down non-economic damage caps, House Judiciary Chair Christopher L. Kannady (R-Oklahoma City) sought input from all stakeholders to work on compromise legislation to move Oklahoma forward. Chairman Kannady reached out to the State Chamber of Oklahoma, Oklahoma State Medical …
An SEC filing by Alliance Resource Partners LP in Tulsa shows board member Robert J. Druten has acquired more derivative securities in the company. Druten was named to the board in January of 2019. The SEC filing indicated he received 2,777 shares giving him direct ownership of a total of 10,408 shares in the company. …
Electricity generators are expected to set a record for natural gas use this winter, reflecting the continued addition of new gas-fired power plants to replace coal units. With about 7,000 megawatts of new gas-fired units estimated to have come online so far in 2019, the power sector will demand 27 billion cubic feet per day …
Baker Hughes, a GE company announced Monday that the Baker Hughes international rig count for September 2019 was 1,131, down 7 from the 1,138 counted in August 2019, and up 127 from the 1,004 counted in September 2018. The international offshore rig count for September 2019 was 242, down 2 from the 244 counted in August 2019, and up 38 from …
Filings with the Securities and Exchange Commission show three directors of Chesapeake Energy recently acquired thousands in shares in the company. Directors Leslie Starr Keating and Thomas L. Ryan each acquired 18,797 at a value of $1.33 each making for an acquisition of $25,000 in company stock. The acquisition leaves Keating with 267,896 shares and …
The slowdown in Oklahoma’s oil patch has started to affect the monthly receipts to the State Treasury. Treasurer Randy McDaniel announced the September Gross receipts were up less than one percent and he said it was driven by a downturn in oil and gas tax collections as well as a drop in sales tax revenues. …
Phillips 66 announced that the board of directors has approved a new share repurchase program that authorizes the company to repurchase up to $3 billion of its common stock, bringing the total amount of share repurchase programs authorized by the board since 2012 to an aggregate of $15 billion. The board also declared a quarterly …
Marathon Oil Company filed a completion report on a Kingfisher County well with production of more than 1,100 barrels of oil a day. The Mike Stroud Bia 1509 7-8-33mxh well, located at 33 15N 9W or about 11 miles west of the city of Okarche had an August 2018 spud date. Drilling was finished in …
The rig counts in Oklahoma and across the rest of the U.S. dropped again in the past week. The state’s count fell 3 to 63. A year ago, there were 143 oil and gas rigs active in the state. Nationally, the count fell by 5 to 855. Oil rigs fell by 3 to 710 and …
Boone County in Missouri might be getting a new solar power plant in the near future. Boone Stephens Solar, a company connected to Colorado-based energy developer Dakota Power Partners, is seeking endorsement from the Columbia Water and Light Advisory Board for its plan to build a new solar power plant by the end of 2023. …