A Dallas energy company executive stands accused of defrauding investors of nearly $80 million, money he allegedly spend on private jets, personal escorts and gentleman’s clubs. The Securities and Exchange Commission, in the filing of a lawsuit in Dallas accused Chris Faulkner of spending at least $30 million to “maintain a lifestyle of decadence and …
The Tulsa-based Williams Companies will hold a special meeting of shareholders at its headquarters on Monday at 9 a.m. in order to vote on the merger agreement with Energy Transfer Equity, according to a new report issued by The Tulsa World. On Friday, a Delaware chancery court judge ruled in ETE’s favor over the long-awaited …
A judge in Delaware has ruled against the efforts of Tulsa-based Williams Companies to continue with a $38 billion merger with Energy Transfer Equity of Dallas, Texas. Delaware Judge Sam Glasscock issued a 62-page opinion and denied the request of Williams to prevent ETE from ending the proposed merger over the lack of a needed …
Accused in lawsuits of profiting from pollution, ConocoPhillips has agreed to a $3.7 million settlement with the State of Oklahoma. The agreement was signed this week and in it, ConocoPhillips admitted to no wrongdoing nor liability, according to documents obtained by OK Energy Today. The agreement ended a 2013 lawsuit filed by the State accusing …
Oklahoma Attorney General Scott Pruitt has yet to say whether the offer by Volkswage to pay more than $10 billion to settle claims in the emissions cheating scandal will apply to the lawsuit he recently filed in Oklahoma City federal court. A request by OK Energy Today for a comment from Pruitt’s spokesman was not …
A Delaware judge overseeing the legal fight between Williams Cos. of Tulsa and Energy Transfer Equity promises to have a ruling by Friday. The commitment came earlier this week from Judge Sam Glascock who’s been hearing arguments in the conflicts between the two companies that proposed a $38 billion merger last fall. The suit was …
“I’m glad to see energy production put back into the hands of hard-working Americans.” Rep. Tom Cole The Wyoming judge who ruled against the Obama administration’s fracking regulations gets strong support from two Oklahoma congressmen. ‘I applaud the federal judge who stood by the law and struck down this unnecessary, politically-motivated power grab,” …
A few months after Wichita-based Koch Industries agreed to a tentative settlement in a 2013 class action lawsuit over its storage of oil refining byproducts in Chicago, homeowners are asking a federal judge to turn down the $1.4 million in settlements. In a filing this week, 20 of the plaintiffs who live in neighborhoods on …
The latest Drought Monitor shows Oklahoma has yet to return to a drought but 17 percent of the state is listed as “abnormally dry.” The abnormally dry areas are in north central, north east and east central Oklahoma. “But the rainfall statistics over the last 60 days probably warrant drought designation justification,” said Gary McManus, …
“Another week, another court ruling against the Obama administration,” is the reaction of U.S. Sen. James Lankford to a federal judge’s ruling this week that the federal government could not create rules banning fracking on federal and Indian lands. “This is something already regulated by the states,” said the Senator in an interview with OK …