Chesaspeake Shares Tumble on Mistaken Report—Company Denies It’s Headed to Bankrtupcy

Shares of Chesapeake Energy Corp. crashed on Monday in the wake of news accounts that the Oklahoma City energy company had hired consultants to assist with restructuring the firm’s $10 billion in debt. At the same time, Chesapeake denied it was headed …

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Chesapeake Denies it’s Headed to Bankruptcy While Shares Plummet

Shares of Chesapeake Energy Corp. crashed on Monday in the wake of news accounts that the Oklahoma City energy company had hired consultants to assist with restructuring the firm’s $10 billion in debt. At the same time, Chesapeake denied it was headed …

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Deadline Ends—-Energy Firms Likely to be Sued Over Earthquakes

Four major oil and gas production companies in Oklahoma could possibly learn this week whether they will be sued by the Sierra Club and Public Justice over their injection wells and the surge in earthquakes in the state.
A spokesman for Public Justic…

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Empty Mancamps in North Dakota

The impact of the oil and gas downturn is evident in every state where there’s energy production. Oklahoma isn’t alone. Ask the people in North Dakota where, because of the Bakken oil play, the state had a ‘boom’ in the past several years.
But a…

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Inhofe Challenges President’s Water Budget Proposal

President Obama’s budget proposal to increase funding for loans and grants from the U.S. Environmental Protection Agency is running into criticism and opposition by Oklahoma U.S. Senator Jim Inhofe.
As chairman of the Senate Environment and Publ…

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Thieves Active in the Oil Patch

Low oil and natural gas prices aren’t the only things that energy workers have to focus on these days. How about criminals. The Canadian County Sheriff’s office, in a weekly crime report called Wise Eyes referred to numerous thefts in the oil pa…

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Crude Prices Fall on Friday, Remain Above $30

Crude prices ended the week on a down note Friday but managed to stay above the $30 mark. March West Texas Intermediate crude lost 83 cents to end trade at $30.89 a barrel on the New York Mercantile Exchange. April Brent crude on the London ICE Futures…

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State Treasury Takes Another Hit from Oil and Gas Downturn

It is just one round of bad energy news after another in Oklahoma as Oklahoma Treasurer Ken Miller announced on Friday that monthly gross receipts to the Treasury in January took their largest plunge in more than five years, mostly because of the oil a…

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State Treasury Takes Another Hit from Oil and Gas Downturn

It is just one round of bad energy news after another in Oklahoma as Oklahoma Treasurer Ken Miller announced on Friday that monthly gross receipts to the Treasury in January took their largest plunge in more than five years, mostly because of the oil a…

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Energy Agencies Among Those Who Did Not “Freeze” Salaries in 2015

The 2015 hiring and salary freeze announced by Governor Mary Fallin wasn’t the kind of freeze most Oklahomans think of when considering state government. Turns out, thousands of state workers still got pay raises that totaled millions of dollars and st…

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