The Oklahoma House of Representatives has been sent a bill mandating performance audits of the Oklahoma Turnpike Authority. Authored by Rep. Tess Teague (R-Choctaw), HB 2530 was passed out of the House Transportation Committee on Monday by a vote of 6 to 5. And it drew immediate praise from GOP Gubernatorial hopeful Gary Richardson. …
Norman-based Prairie Oil & Gas recently hired three title managers: Jason Fry, Jonathan Holly and John Kim. As title managers, they will oversee the workflow, reporting and training of Prairie’s title land men. They will review title reports for quality, accuracy and efficiency and work closely with land men to improve and expand their skills. …
Some farm groups are at odds with President Trump in the fight over the Renewable Fuel Standard. It was the subject of a meeting this week where EPA Administrator Scott Pruitt and Ag Secretary Sonny Perdue were on hand at the White House. Ron Hays with the Radio Oklahoma Network’s Oklahoma Farm Report indicated several …
Tulsa-based Williams Partners L.P. announced along with ACMP Finance Corp. they have issued a notice of redemption to holders of the Issuers’ 4.875% Senior Notes due 2024. The issuers will redeem all of the outstanding Notes for cash on March 28, 2018 at a redemption price equal to the sum of the principal amount of …
Cost-cutting unveiled last week by Oklahoma City-based SandRidge Energy hit home on Monday when the energy company announced the layoff of at least 80 employees. “As part of the company’s previously announced commitment to reduce go-forward costs, it was necessary to restructure the organization to best align with the revised strategic plan,” the company said …
The head of the Oklahoma Independent Petroleum Association is telling legislators his group is willing to work toward a state government budget solution. But Oklahoma Independent Petroleum Association President Tim Wigley also warned that increasing taxes only on the oil and gas industry will “make the state more dependent on volatile oil and natural gas …
Chesapeake Energy in Oklahoma City is undertaking a proposed massive exchange of more than $1 billion in senior notes. It was revealed in a prospectus filed with the SEC. In a filing made late last week with the Securities and Exchange Commission, the company said it might offer to exchange $1.3 billion of 8.00% Senior …
Tulsa’s Williams Partners L.P. announced Monday it is offering senior notes in an underwritten public offering. The company stated it intends to use the proceeds for general partnership purposes including repayment of its $750 million aggregate principal amount of 4.875% Senior Notes due 2024 or other of its outstanding indebtedness. Citigroup, Morgan Stanley and MUFG …
Northern Oklahoma had its share of earthquakes over the weekend and early Monday morning. The latest happened near Perry and measured 2.7 magnitude with an epicenter several miles southwest of the city. It was recorded at 1:46 a.m. Earthquakes of a similar magnitude were recorded Saturday near Fairview and Sunday near Medford. The Fairview quake …
Once again, a national tornado summit will be held in Oklahoma City and this year’s event will feature more than 50 speakers. Tornadoes are nothing new to the state’s energy industry, whether they’re threatening drilling crews or tearing up wind farms. Among the speakers scheduled for the event on Tuesday and Wednesday at the Cox …