New York Attorney General Eric Schneiderman, one of the attorneys general leading a climate investigation of Exxon Mobile, has now been sued because he stonewalled public information requests by the Energy and Environment Legal Institute. The group said it was “forced to file suit against that office to compel release of public records relating to …
Just as General Electric unveiled its $125 million Oil and Gas Technology Energy Research Center in Oklahoma City this week, the company also introduced a Raven drone for use by oil and gas companies. The drone weighs less than 20 pounds and can travel up to 50 miles an hour as it is powered by …
Oklahoma City-based Blueknight Energy Partners announced this week it completed the $109 million purchase of nine asphalt terminals from Ergon Asphalt and Emulsions of Jackson, Mississippi. At the same time, Ergon wrapped up it acquisition of Blueknight’s General Partner. As part of the $108.8 million dollar purchase by Blueknight Energy, Ergon kicked in $22.1 million …
Tulsa-based Murphy Energy has become the latest energy firm to file Chapter 11 bankruptcy, listing more than $75 million debt including $57 million to lenders led by Bank of America. The 23-year old oil and natural gas transporter with 210 employees has ten truck-to-pipeline crude oil terminals in Oklahoma and north Texas. The terminals buy …
A federal appeals court has not indicated when it might issue a ruling after listening to arguments for and against the nearly $4 billion Dakota Access oil pipeline being fought by environmentalists and members of the Standing Rock Sioux Tribe in North Dakota. Some of the environmentalists and opponents include Oklahomans who traveled to North …
Despite having the state’s highest jobless rate over the loss of oil and gas field workers, the city of Duncan has received a Silver Excellence in Economic Development Award from the International Economic Development Council. The award for the Duncan Area Economic Development Foundation was for its 2015 Annual Newsletter and for communities with …
Republican presidential hopeful Donald Trump huddled this week in Denver with more than a dozen oil and gas executives, attempting to tighten his influence on the industry in a state where he reportedly trails Hillary Clinton by 11 points in one poll. Oklahoma Energy leader Harold Hamm is one of those executives who is unashamed …
Oklahoma City-based Continental Resources Inc. has announced it is redeeming nearly $600 million in outstanding Senior notes and at the same time expects to reduce its debt to $6.6 billion. The company said it will redeem all of its outstanding 7 3/8% Senior Notes due 2020 and 7 1/8% Senior Notes due 2021 on Nov. …
Former Chesapeake Energy executive Marcus Rowland has taken over as chairman of the board of Houston-based Swift Energy Company. Rowland previously had been the Chief Financial Officer at Chesapeake Energy and his term as chairman will expire in 2019. The company said his appointment followed the retirement of CEO Terry Earl Swift and CFO Alton Heckaman Jr. …
Nearly a month after a record 5.8 magnitude earthquake struck Pawnee, the city was rattled early Tuesday morning by a 3.5 magnitude quake. The U.S. Geological Survey says its epicenter was about 10 miles northwest of the city but at last word, there were no reports of damage or injury. It is the latest …