Oklahoma business energy news

[sooner88]

Wouldnt he have to give up his CEO position to be energy secretary? I would assume hed rather stay in control of Continental and just advise the president on energy.

Exactly. Unless he's ready to turn over to control to another exec, I imagine he'll retain an advisory position and let someone else take the position.

[gopokes88]

Wouldnt he have to give up his CEO position to be energy secretary? I would assume hed rather stay in control of Continental and just advise the president on energy.

He's still majority shareholder. He could get his job back fairly easily afterwords.

[chuck5815]

He's still majority shareholder. He could get his job back fairly easily afterwords.

But maintaining his majority interest would create a massive conflict of interest, and a blind trust wouldn't solve anything unless he sold his CLR shares before funding the trust.

[gopokes88]

But maintaining his majority interest would create a massive conflict of interest, and a blind trust wouldn't solve anything unless he sold his CLR shares before funding the trust.

Blind trust while he's in office. Politics aside, I'm not entirely sure that's going to matter very much in a trump admin.

[mugofbeer]

Why not? His admin. wont be under scrutiny of the public or the law like everyone before him?

[Bellaboo]

Hamm sent out a memo yesterday to his employees stating he's not going anywhere, staying with Continental. Article in todays DOK.

[Anonymous.]

He was on CNBC yesterday afternoon, he would not clarify if he would accept or pass on the position. "We haven't had that conversation yet."

http://video.cnbc.com/gallery/?video=3000566622&play=1

[Bunty]

Energy sector expected to rebound next year
http://www.stwnewspress.com/news/ene...cfe282549.html

[Bellaboo]

NG is at $ 3.73 today. Was less than a dollar fifty per thousand last February.

[Bunty]

NG is at $ 3.73 today. Was less than a dollar fifty per thousand last February.

No surprise there from the current Arctic outbreak affecting most of the country for the first time this season.

Here is another article about the outlook for the state's economy: http://publicradiotulsa.org/post/okl...trong#stream/0

[sooner88]

http://newsok.com/seventy-seven-ener...rticle/5530621

I have a close friend that works here, and apparently this offer came in relatively unexpectedly and was too good to turn down. Amazing that a company can emerge from bankruptcy and be sold that quickly. They aren't sure how many jobs will be moved to Houston or eliminated, but they had the merger call this morning and I'm sure more details will follow soon.

[gopokes88]

http://newsok.com/seventy-seven-ener...rticle/5530621

I have a close friend that works here, and apparently this offer came in relatively unexpectedly and was too good to turn down. Amazing that a company can emerge from bankruptcy and be sold that quickly. They aren't sure how many jobs will be moved to Houston or eliminated, but they had the merger call this morning and I'm sure more details will follow soon.

Keep in mind the banks own the company right now. The whole debt for equity swap thing. So its likely they had little to no say and the banks saw a good way out.

SD is likely next.

[gopokes88]

Tom ward is out, Steve Dixon is in.

http://m.newsok.com/article/5531550

[OkieRedRaider]

What is Tom starting up, just another E&P company?

[sooner88]

It looks like we'll be losing jobs to Houston. Permian Resources is currently occupying 2 floors in the office complex south of Chesapeake.

http://newsok.com/article/5548157

[gopokes88]

It looks like we'll be losing jobs to Houston. Permian Resources is currently occupying 2 floors in the office complex south of Chesapeake.

http://newsok.com/article/5548157

How did you arrive to that conclusion?

[sooner88]

How did you arrive to that conclusion?

Employees that are currently working at Permian.