Oklahoma’s oil and gas extraction was one of the main contributing factors to the 3.3 percent income growth that led to the ranking, according to the press release by the Commerce Department’s Bureau of Economic Analysis. Nationally, the average personal income grew only 2.6 percent. For the same reasons, Oklahoma was beat out by North […]
gas
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There is no shortage of both in Lexington and Purcell due to the closure of a major bridge over the South Canadian River. That’s a fact.
There is no shortage of both in Lexington and Purcell due to the closure of a major bridge over the South Canadian River. That’s a fact.
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It’s getting better all the time
Lower natural gas prices led to a reduction of about 5,400 jobs at the end of the third quarter compared to the same time period a year ago. In addition, government spending cuts combined with the October government shutdown hit Oklahoma’s military bases and their communities especially hard. According to government data, the 16-day shutdown […]
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Whew! We stink
The three states — Oklahoma, Texas and Kansas — are the biggest offenders of methane, a potent heat-trapping gas, according to the latest scientific research published in the Proceedings of the National Academy of Science. Methane, also referred to as natural gas for obvious reasons, comes principally from livestock, including its manure, belches and flatulence. […]
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Tom nixed
Credit: Brad Gregg Wonder if his board liked the way they looked firing him? Closer to home, SandRidge’s board deemed Ward expendable just months after Aubrey McClendon, with whom Ward had founded Chesapeake Energy, was pushed out by his board. Shareholders these days seem to be more volatile than Glee fans. But don’t cry too […]
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Don’t believe the rhetoric
As we draw near to a decision on a presidential permit to build the proposed Keystone XL pipeline, the rhetoric by our opponents trying to make the project a referendum on oil sands development is becoming more shrill and even less factual. These activists would have you believe that a Keystone XL approval means game […]
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Piping up
Stefan Warner Credit: Mark Hancock Before dawn on Feb. 11 in the Seminole County town of Schoolton, Stefan Warner, youth pastor at Church of the Open Arms in Oklahoma City, suspended himself high above the ground to construction machinery used to build the Keystone XL pipeline. “I ascended a side boom and attached a platform […]
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McClendon’s genius
I’ve had the good fortune to know both men, who, by any measure, are two of the most visionary entrepreneurs responsible for much of Oklahoma City’s renaissance. Chesapeake is America’s second-largest natural gas producer. Early on, McClendon and Ward realized the promise of unlocking huge deposits of natural gas by fracking. In replacing McClendon, Chesapeake […]
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CEOh, brother!
Illustration: Brad Gregg Most recently, SandRidge Energy CEO Tom Ward is facing possible unemployment thanks to TPG-Axon Capital and its takeover attempt. Ward has a few months to find gainful employment elsewhere, but it’s not so easy to scout out jobs for energy CEO. Well, there happens to be one such opening at Chesapeake Energy, […]
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McClendon announces retirement from Chesapeake
The announcement came in a news release issued by the company today. McClendon, 53, has serve as the company’s CEO since the company was founded in 1989, and served as chairman of the company’s board until last year, when he stepped down amid controversy involving personal loans and company management. McClendon has faced criticism from […]