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Chesapeake files $1 billion senior notes plan with SEC
Oklahoma City’s Chesapeake Energy laid out details on Thursday of its more than $1 billion in sales of senior notes. The company filed the plan with the Securities and Exchange Commission. (Click here to see filing.) The plan involves the sale of $850,000 in 7% senior notes due 2024 and the sale of $400,000 in …
Ag Secretary says there are positives to poultry farm developments in NE Oklahoma
Oklahoma Agriculture Secretary Jim Reese is working to soothe feathers, so to speak, over the controversial growth of poultry farms in northeast Oklahoma. Residents and environmentalists contend the operations will only add to the pollution of the Illinois River and area lakes. As Ron Hays with the Oklahoma Farm Report reported this week, Reese is …
Major acquisition made in New Mexico’s Permian Basin
Anytime an energy company can get its hands on acreage in the Permian Basin, that’s a big move. It’s what Franklin Mountain Energy, LLC based in El Paso, Texas managed to do this week when it acquired 8,321 acres in Lea and Eddy Counties, New Mexico. Two separate deals were involved,. The first involved 4,041 …
ONEOK announces $1 billion in NGL improvement projects
ONEOK announced this week plans to begin more than $1 billion in expansion of some of its natural gas infrastructure in Oklahoma, Texas and North Dakota. Four major projects are involved in major improvements. The projects include a $750 million new fractionator and expansion of its facilities in Mont Belvieu, Texas. The company said the …
Permits to drill issued Sept. 26, 2018
Permits to drill issued Sept. 26, 2018. Coal County BROWN #0311 4H-33, September 25 2018 28 3N 11E N2S2S2SW API: 02921385 Lat: 34.696033300945615, Long: -96.15811554986249 NEWFIELD EXPLORATION MID-CON INC HH, DR, 14228 ft, WOODFORD(8603) Coal County BROWN #0311 2H-33, September 25 2018 28 3N 11E SWNESWSE API: 02921383 Lat: 34.697269609192226, Long: -96.15153262281109 NEWFIELD EXPLORATION MID-CON INC HH, …
PSO requests $88 million rate hike approval
Public Service Company is asking state regulators for approval of an $88 million rate hike, one that would see an average customer’s monthly bill go up by $7. The company explained the request was made to “ensure a safe, secure and reliable electric grid now and in the future under a more efficient regulatory framework.” …
Work begins on new $3 million terminal at Enid airport
Work started this week on a nearly $3 million new terminal at Enid’s Woodring Regional Airport, one to be used by energy leaders as they fly in and out of the region. Workers started demolition of the old parking lot where the new $2.75 million terminal will be constructed by RSM Development Inc. of Edmond. …
Coyle shaken again by another earthquake
The latest earthquake to rattle northern Oklahoma was recorded late Wednesday night near Coyle. The 3.1 magnitude quake was the second to shake residents of the small town in Logan county this week. It struck around 10:45 p.m. with an epicenter only 0.2 mile northeast of the town. Scientists continue to blame oil and gas …
Chesapeake Energy updates its strategic goals
Oklahoma City-based Chesapeake Energy is out with a new business strategies report showing its strategic goals. The company, in the September 2018 update indicated its goals include better margin enhancement, free cash flow neutrality and an improved net debt to EBITDA ratio. The new strategy cited another goal is restoring the balance sheet. The company …
Newly created Roan Resources starts public trading
Roan Resources, Inc. announced this week the closing of the reorganization agreement entered into on September 17, 2018 between Roan Holdings, LLC and Linn Energy, Inc. As a result of the transactions, Roan Resources, Inc. has consolidated 100% of the equity interest of Roan Resources LLC., through its wholly owned subsidiaries. The completion of this …