December 2, 2016 archive

Big Gas Wells Hit in Blaine and Grady Counties

Oklahoma’s STACK has produced a big gas well in Blaine County, one producing more than 12,000 Mcf of natural gas according to the latest completion reports at OK Energy Today. Marathon Oil, based in Houston hit the Donna Dudley well several miles northwest of Geary and had a spud date of July 4 while drilling …

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New Chairman Chosen for House Energy and Commerce Committee

Oregon Republican Rep. Greg Walden will be the new chairman of the U.S. House Energy and Commerce Committee after being chosen this week. He will succeed Chairman Fred Upton (R-MI) in the 115th Congress. “Like the Chicago Cubs, we are a team full of MVPs and Energy and Commerce will be in great hands with …

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Texas based Bennu Oil and Gas Goes Belly Up

With liabilities of more than $700 million, Texas based Bennu Oil and Gas LLC has filed Chapter 7 bankruptcy and has shut down operations. The company said it has about $32.5 million in assets but most of its liabilities, about $495 million is owed to creditors whose claims are secured by property. Bennu Oil and Gas is …

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Chesapeake Still Battling Royalty Lawsuits in South Texas

Oklahoma City-based Chesapeake Energy finds itself still fighting lawsuits by 110 royalty owners in the Eagle Ford shale of south Texas. In recent days, the Texas Multidistrict Litigation Panel took over and ordered a pretrial consolidation of the claims of those who contend they were underpaid by Chesapeake. But according to some of the court …

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Judge Won’t Block Law Enforcement at North Dakota Pipeline Protest Site

A federal judge refuses to block North Dakota Law Enforcement from using excessive force against protesters camped for several months near the site of the Dakota Access Pipeline. Judge Daniel Hovland denied a request for a temporary restraining order filed by the National Lawyers Guild which represented the Standing Rock Sioux tribe and other protesters. …

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Expect Big Changes in EPA if Trump Picks Texan to be New Administrator

While Oklahoma Attorney General Scott Pruitt’s among those reportedly being looked at to take over the Environmental Protection Agency in a Donald Trump administration, so is Kathleen Hartnett White, head of a conservative think tank. And she makes it clear that if she becomes the new EPA administrator, there’ll be some drastic changes. She not …

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WildHorse Launches IPO to Develop Eagle Ford Shale Properties

Houston-based WildHorse Resource Development Corp. is the energy industry’s latest publicly traded company. The independent oil and natural gas exploration and production company launched an initial public offering up to nearly $650 million, according to the company’s recent U.S. Securities and Exchange Commission filing on Thursday. The company expects to receive about $513.7 million in …

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