Seventy Seven Energy’s Merger is Complete With Houston Company

Houston-based Patterson-UTI Energy has wrapped up its merger with Oklahoma City’s Seventy Seven Energy Inc.

The Texas company not only issued nearly 47.5 million shares pursuant to the merger, but repaid all of Seventy Seven Energy’s outstanding debt totaling $472 million. As part of the package, Patterson-UTI entered into an agreement with its lenders …

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Group Fighting Bribed Vote Has Plan to Divide $16 billion it Seeks

A consumer’s group urging the Oklahoma Supreme Court to overturn a more than 25-year old rate case approved in a bribed vote for then Southwestern Bell Telephone company has come up with a plan to divide the $16 billion dollars it wants.

Oklahomans Against Bribery, made up of some of the six who have …

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OKC Climate March to be Held Saturday

Oklahoma City will be the site this coming weekend as part of the national People’s Climate March.

A coalition of groups will host the march Saturday, March 29 beginning at 1 p.m. at the Harkins Bricktown Plaza. The event will invclude music, petitions, and children’s activities followed at 2 p.m. with speakers sharing environmental …

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Legislative Impact on Energy Industry?

With five weeks remaining in the Oklahoma legislative session, a lot could still happen regarding measures affecting energy in the state.

House Speaker Charles McCall told reporters Thursday he still believes the house is ahead of schedule, despite the recent death of Broken Arrow Rep. David Brumbaugh.

When asked about any changes or prospects …

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Increased Dividend Announced by ONEOK

The same week ONEOK Inc. announced formation of a $2.5 billion revolving credit facility, the Tulsa-based company’s board of directors declared a quarterly dividend of 61.5 cents a share.

In Friday’s announcement, the board said the declaration would result in an annualized dividend of $2.46 a share and is payable May 15, 2017 to …

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Expansion of State’s Earthquake Monitoring System Coming

As Oklahoma Geological Survey Director Dr. Jeremy Boak told OK Energy Today recently, he’s working on perhaps getting someone beside the legislature to help finance the purchase of additional equipment to monitor Oklahoma’s earthquakes.

Since he doesn’t expect any funding from the legislature this year, he will look to the energy industry as well …

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State Geological Survey Director Has Hopes of State-owned Earthquake Monitoring Equipment

 

The Director of the Oklahoma Geological Survey, Dr. Jeremy Boak isn’t optimistic about getting state legislative funding to finish a project of acquiring seismometers to monitor state earthquakes linked to oil and gas operations.

It’s what he told OK Energy Today in an interview after speaking Thursday at a state convention of the …

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Wastewater Bill Approved in State House

Another measure targeting oil and gas wastewater and injection wells won approval this week in the State House.

Senate Bill 287 focuses on the jurisdictional areas of responsibility for each state environmental agency and the agencies with limited environmental responsibility.

Rep. Weldon Watson of Tulsa explained the measure allows the Department of Environmental Quality …

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Weather Act by Bridenstine and Lucas Signed into Law

After four years of attempting to get Congress to pass his Weather Research and Forecasting Innovation Act, Rep. Jim Bridenstine is successful.

President Trump signed the measure into law this week. Actually, it was the Lucas-Bridenstine Act because Rep. Frank Lucas was also a sponsor of the measure first introduced in 2013.

But it …

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Legal Wind Storms Hit NextEra Energy in Oklahoma and Texas

Florida-based NextEra Energy is used to wind. ┬áIt likes wind to run its wind farms. But lately, it’s running into the kind of wind storms it doesn’t want.

While battling lawsuits over its proposed wind farms in western Oklahoma, NextEra Energy is also hoping to get court approval to buy Oncor, the largest regulated …

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