Cleanups hit $75 million mark
The Oklahoma Energy Resources Board now has spent more than $75 million to clean up abandoned oil and natural gas well sites around the state. OERB's cleanup fund is funded voluntarily by the state's oil and gas industry. “Through the cooperation of people in government and private industry, we are improving the value of Oklahoma, its aesthetics and the beauty of the countryside,” OERB Chairman Ronnie Irani said. “Many Oklahomans rely on their land for their livelihood and we are honored to help them achieve their dreams.” OERB has restored more than 12,000 old well sites, working in 67 of the state's 77 counties.
Chaparral places notes
Chaparral Energy Inc. has completed a private placement of $150 million worth of unsecured senior notes, the company announced Thursday. Chaparral intends to use proceeds from the offering to repay debt and for general corporate purposes.
From Staff Reports