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Oklahoma energy briefs, Aug. 22

Oklahoma energy briefs, Aug. 22
Oklahoman Published: August 21, 2014


Ranken Energy denies diesel use

An Edmond company named in an environmental group’s report last week on oil and natural gas producers that used diesel in hydraulic fracturing operations was on the list in error. The Environmental Integrity Project said it identified more than 350 wells in 12 states, including Oklahoma, that had been completed with diesel. Ranken Energy Corp. made the list, but CEO Randy Coy said the company has never done hydraulic fracturing with diesel. He said Ranken’s service company, Basic Energy Services, used an outdated information sheet when it entered information about the company’s operations in FracFocus, an online registry of chemicals used in hydraulic fracturing. In a letter to Ranken, Basic said it has not used diesel in hydraulic fracturing since it was banned by the U.S. Environmental Protection Agency.

Chesapeake hires investor VP

Chesapeake Energy Corp. has hired Brad Sylvester as vice president of investor relations and communications, the company announced Thursday. Sylvester, who joins Chesapeake from Southwestern Energy Co., will report to Chesapeake’s Chief Financial Officer Nick Dell’Osso. “Brad is a highly talented and proven investor relations professional with more than 20 years of solid experience in the exploration and production industry,” Chesapeake CEO Doug Lawler said.

Panhandle Oil official to retire

Panhandle Oil and Gas Inc. Vice President of Land Ben Spriestersbach will retire from the company on Oct. 31, the company announced Thursday. “Ben has been an integral part of the Panhandle team for 12 years,” CEO Michael C. Coffman said in a news release. “His efforts were instrumental in our recent acquisition and his contributions will be missed. All the team at Panhandle wish Ben the best in his retirement.”

High Plains opens CNG fill station

Seaboard Corp. subsidiary High Plains Bioenergy has opened a new fast-fill compressed natural gas station with developer TruStar Energy. The station, which is open to the public, is across the road from High Plains’ processing facility in Guymon. The company produces renewable fuels for Seaboard Foods. Seaboard has been transitioning its fleet to CNG. “CNG benefits the Seaboard Foods integrated food system and helps achieve the company's sustainability goals, providing numerous long-term benefits that are changing the way the trucking industry fuels equipment,” CEO Terry Holton said. The company has logged more than 7 million miles with CNG, which fuels more than 160 vehicles in its fleet.

Williams pays dividend

The Williams Cos. Inc. will pay a regular dividend of 56 cents a share on its common stock. That is an increase of nearly 53 percent over the same period of last year, fueled by Williams’ July 1 acquisition of a controlling stake in Access Midstream Partners and its plan to shift to a pure-play general partner holding company. Williams expects to increase its dividend by about 15 percent a year through 2017. Williams has paid a common stock dividend every quarter since 1974. Its next dividend will be paid on Sept. 29.

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