• SandRidge to receive $38 million in lawsuit settlement

    By Adam Wilmoth Energy Editor awilmoth@oklahoman.com | Published: Thu, Apr 21, 2016

    SandRidge Energy Inc. will receive more than $38 million as part of a lawsuit settlement, the company said in a regulatory filing Wednesday. A group of SandRidge shareholders in 2013 filed a shareholder derivative lawsuit on behalf of SandRidge and against former CEO Tom Ward; three private companies affiliated with Ward; and former SandRidge directors Jim J. Brewer, Everett R. Dobson, William A. Gilliland, Daniel W. Jordan, Roy T. Oliver Jr. and Jeffrey S. Serota. The lawsuit claimed breach of fiduciary duties and civil conspiracy. The defendants admitted no wrongdoing. Under terms of the settlement, insurers for the SandRidge board agreed to pay $38 million to SandRidge on behalf of the former directors to cover the

  • Devon Energy to sell northern Oklahoma assets

    By Adam Wilmoth Energy Editor awilmoth@oklahoman.com | Updated: Wed, Apr 20, 2016

    Devon Energy Corp. announced that it will sell some of its noncore Mississippian assets in northern Oklahoma to White Star Petroleum LLC, an oil and natural gas company that will become fully independent of Oklahoma City-based American Energy Partners LP in the second quarter.

  • Former Devon Energy employees create Oklahoma City oil startup named Senex

    By Adam Wilmoth Energy Editor awilmoth@oklahoman.com | Published: Wed, Apr 20, 2016

    Five former analysts of Devon Energy Corp. have created a startup called Senex, the newest oil and natural gas company in Oklahoma City.

  • San Francisco just became the first big US city to require solar panels on new buildings

    Published: Tue, Apr 19, 2016

    San Francisco may be known for its fog, but the city wants to turn the sunny days it does get into power for its buildings.  The San Francisco Board of Supervisors on Tuesday unanimously passed legislation that would require new construction that is shorter than 10 floors to install solar panels or solar water heaters on top of both new residential and commercial buildings.  According to California law, all new buildings with 10 floors or less must have at least 15% of their rooftops designated as solar ready — meaning not in the shade. San Francisco now requires those buildings to actually use it for solar panels.

  • Seventy Seven Energy reaches prepackaged bankruptcy agreement

    By Adam Wilmoth Energy Editor awilmoth@oklahoman.com   | Updated: Tue, Apr 19, 2016

    OKC oil-field services company says deal will allow firm to continue operations without interruption.

  • Fallin signs bill to clarify Oklahoma agency's power

    AP | Published: Mon, Apr 18, 2016

    OKLAHOMA CITY (AP) — Wastewater disposal wells that have been linked to an uptick in earthquakes in Oklahoma could be ordered shut down without notice or hearing under a bill signed into law by Gov. Mary Fallin. The bill was one of 16 measures signed Monday by Fallin. The bill grants the Oklahoma Corporation Commission the authority many believed it already had — the right to take "whatever action is necessary" to promptly respond to an emergency. Nearly all wastewater disposal well operators have complied with agency directives to reduce volume or close wells, but at least one company initially refused to comply. The number of earthquakes with a magnitude 3.0 or greater has risen in Oklahoma from a few dozen

  • Tulsa's WPX Energy lays off 42 people

    By Adam Wilmoth Energy Editor awilmoth@oklahoman.com | Published: Mon, Apr 18, 2016

    38 of the jobs cut are in Tulsa; more cuts are likely.

  • Hamm: Forget Doha, oil oversupply gone this year

    Published: Mon, Apr 18, 2016

    <iframe src="http://player.cnbc.com/p/gZWlPC/cnbc_global?playertype=synd&byGuid=3000510563&size=530_298" width="530" height="298" type="application/x-shockwave-flash" allowFullScreen="true" bgcolor="#131313"></iframe> While the long-awaited Doha meeting disappointed energy investors who expected an output freeze deal, shale industry pioneer Harold Hamm, who didn't "have a whole lot of hope" in the Sunday meeting, told CNBC that the crude glut will be balanced the second half of this year. The founder and CEO of Continental Resources , who previously told CNBC that "the fundamentals of supply and demand were really close," reiterated during a "Power Lunch" interview on Monday that this year's third-quarter will absorb most of the excess oil supply, which in turn will lead to "stronger pricing."

  • Eagle & Beagle for Sunday, April 17, 2016

    Published: Sun, Apr 17, 2016

    Don Mecoy: Eagle & Beagle is a weekly look at Oklahoma companies' high-performing (eagle) and low-performing (beagle) stocks.

  • Futures File: Farmers with soybeans in bins reap a bounty as prices peak

    Published: Sun, Apr 17, 2016

    Walt & Alex Breitinger: Oklahoma produces far more wheat than soybeans, but those farmers who have some beans in storage are seeing good prices.

  • OIL AND GAS PRICES

    Published: Sat, Apr 16, 2016

    OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $36.75 Oklahoma Sour: Sunoco Inc. — $24.75 Oklahoma oil and gas drilling activity posted April 5: COMPLETION Alfalfa: Chesapeake Operating LLC; E Roush 22-25-12 No. 1H Well; NE1/4 NE1/4 NE1/4 NE1/4 (SL) of 22-25N-12W; 418 barrels oil per day, 1,890,000 cu-ft gas per day; TD 11,095. Chesapeake Operating LLC; Eldon 15-25-12 No. 1H Well; NW1/4 NW1/4 NE1/4 NE1/4 (BHL) of 15-25N-12W; 152 barrels oil per day, 638,000 cu-ft gas per day; TD 11,355. Kingfisher: Chesapeake Operating LLC; Luber 28-18-7 No. 1H Well; SE1/4 SE1/4 SE1/4 SW1/4 (SL) of 21-18N-07W; 443 barrels oil per day, 260,000

  • Oklahoma business briefs for April 16

    Published: Sat, Apr 16, 2016

    Oklahoma business briefs for April 16, 2016

  • Governor, chamber members say meeting with Williams chair 'uplifting'

    BY SAMUEL HARDIMAN, Tulsa World | Published: Fri, Apr 15, 2016

    The Oklahoma delegation that met with Williams Cos. Chairman Frank MacInnis on Friday in New York City left encouraged and optimistic after what its members called a “highly productive” meeting. The five-member delegation that included Gov. Mary Fallin and Tulsa Mayor Dewey Bartlett Jr. met with MacInnis for 2½ hours about the Tulsa-based midstream company’s proposed merger with Dallas-based Energy Transfer Equity. The group made “a plea” to reconsider the merger, which would gut the company’s workforce in Oklahoma and send the remains to Dallas.

  • U.S. Justice Department drops SandRidge Energy investigation

    By Adam Wilmoth Energy Editor awilmoth@oklahoman.com | Updated: Fri, Apr 15, 2016

    SandRidge Energy said Friday the federal government has dropped its grand jury investigation of possible antitrust violations in the purchase or lease of land, oil or natural gas rights from 2012 and prior years.

  • Plugging In business briefs for April 15

    Published: Fri, Apr 15, 2016

    Plugging In business briefs for April 15, 2016

  • Oklahoma State University study could bring new uses for oil-field wastewater

    By Adam Wilmoth Energy Editor awilmoth@oklahoman.com | Published: Thu, Apr 14, 2016

    Oklahoma State University biosystems and agricultural engineering professor Nurhan Dunford and her team have spent much of the past five years developing strains of algae that can be turned into biofuels and feedstocks for food or medicines. The researchers also are using the algae to clean water contaminated by agriculture and oil production.

  • Global production falling as prices strengthen

    By Adam Wilmoth Energy Editor awilmoth@oklahoman.com | Published: Thu, Apr 14, 2016

    The oil production slide in the United States appears to be gathering pace, a report by the International Energy Agency said, noting the global surplus also is falling. That could strengthen prices, a sign that supply and demand are balancing.

  • Oil, natural gas industry cleans up abandoned well site near Bricktown

    By Adam Wilmoth Energy Editor awilmoth@oklahoman.com | Published: Wed, Apr 13, 2016

    An Oklahoma Energy Resources Board program has cleaned up its 15,000th abandoned oil well site in the state, an 85-year-old site east of Bricktown where a hotel is planned.

  • Oklahoma's Sen. Inhofe helps win approval for drone amendment

    By Chris Casteel Washington Bureau ccasteel@oklahoman.com | Published: Wed, Apr 13, 2016

    An amendment that Sen. Jim Inhofe, R-Tulsa, helped write would give an exemption from federal restrictions to energy companies in the use of drones to monitor their pipelines, plants and critical infrastructure.

  • Oklahoma Corporation Commission votes to turn down OG&E's rooftop solar tariff plan

    By Paul Monies Business Writer pmonies@oklahoman.com | Published: Wed, Apr 13, 2016

    The Oklahoma Corporation Commission voted 3-0 against Oklahoma Gas and Electric Co.'s rooftop solar tariff plan that would have changed the way bills are calculated. The commission signaled that it wasn't happy with its options in the distributed generation tariff.




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