KEEP ENERGY FLOWING WITH SAFE, NEW PIPELINE INFRASTRUCTURE by Sen. Jim Inhofe We are clearly in the heyday of oil …
Chesapeake swaps millions in shares to unload millions in debt
Chesapeake Energy has announced it made an agreement with an unnamed firm to exchange more than 250 million shares of common stock valued at a penny a share in return for nearly $588 million in senior notes. It’s a move to unload debt for the Oklahoma City-based energy company. The company entered into a …
Pipeline firm offers $1 billion in notes
Texas-based Plains All American Pipeline, L.P. announced a $1 billion offering of senior notes. The firm stated it intends to use the net proceeds to repay the principal amounts of its $500 million 2.60% senior notes that are due 2019 and $500 million 5.75% senior notes due 2020. Plains will also use some of the …
Increased note offering made by Cheniere
Cheniere Energy Partners, L.P., the Houston company building the $1 billion gas pipeline in Oklahoma announced it has increased its previously announced offering of Senior Notes due 2029. The principal amount of the offering was increased from the originally announced $1 billion to $1.5 billion. The 2029 Notes will bear interest at a rate of …
Newspaper to sponsor climate change event
A discussion of climate change will be held in Oklahoma City this month in an event sponsored by The Oklahoman newspaper. The event will be Sept. 17 at the Myriad Botanical Gardens’ Park house Event Center, 301 West Reno. It will focus on climate change and the impact on Oklahoma. The Oklahoman is one of …
Cash dividend declared by Solaris Oilfield
Active in the SCOOP and STACK as well as Permian Basin, Houston-based Solaris Oilfield Infrastructure, Inc. announced a 10-cent quarterly cash dividend for its shares. The company’s board of directors declared the dividend on shares of Class A common stock. It will be paid on Sept. 26 to holders of record as of Sept. 19. …
Oklahoma and other states begin antitrust probe of Google
The growing multitude of stories of how Google might be spying on its customers resulted in Oklahoma and 49 other states and territories on Monday announcing the start of an antitrust investigation of Google. The Washington Post reported that only California and Alabama did not sign onto the movement that will result in a review …
How landowners can be forced to lease their land for fracking in Ohio
A National Public Radio story about Ohio landowners being forced to lease their land for fracking featured Oklahoma City’s Chesapeake Energy. In the nearly 6-minute piece that aired nationally, reporter Julie Grant with the Climate awareness effort Allegheny Front, reported how landowners don’t always have a say about who can drill on their property. She …
National Drive Electric Week to be observed in Arcadia and Jenks
Two cities in Oklahoma will observe National Drive Electric Week this month. The Association of Central Oklahoma Governments will hold its event on Saturday, September 14 at POPS in Arcadia. The event will be from 10 a.m. to 1 p.m. and will be a chance for Oklahomans interested in driving electric to ask questions of …
Gasoline prices continue to drop with high crude oil supplies
While some Democratic politicians are calling for a war on fossil fuel and fracking, the buildup of crude supplies has resulted in a continued drop of gasoline prices nationally. Oklahoma’s average price at the pump this week is $2.25, a 3-cent drop from a week ago. A year ago, AAA Oklahoma reported the average price …