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Pioneering Oklahoma energy CEO dies in fiery car crash

OKLAHOMA CITY (AP) — Energy tycoon Aubrey McClendon earned a reputation as a pioneer, backing new drilling technology, building Chesapeake Energy into one of the nation’s largest independent producers of natural gas and accumulating a fortune that helped him buy part of an NBA team. But McClendon also drew the scrutiny of federal investigators, who announced antitrust charges against him ...

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Chesapeake Energy ex-CEO Aubrey McClendon indicted

OKLAHOMA CITY (AP) — Aubrey McClendon, the former chief executive of Chesapeake Energy Corp., was indicted Tuesday on a charge of conspiring to rig bids to buy oil and natural gas leases in northwest Oklahoma. The Department of Justice said in a statement that McClendon is suspected of orchestrating a scheme between two large energy companies, which are not named ...

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Two Oil Industry Executives, Colin Goodall and Dr. David Bamford, Join OAG Analytics’ Big Data Efforts

data analytics for oil and gas

OAG Analytics, a software company bringing big data and advanced analytics to the upstream oil and gas business, has named two senior oil industry executives to key positions. Mr. Colin Goodall, former chief financial officer of BP Europe, has joined the OAG’s Board of Directors. Dr. David Bamford, former chief geophysicist and head of exploration for BP, will chair OAG’s Board ...

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Buffett says US economy weaker than he expected but growing

Warren Buffet Berkshire Hathaway

OMAHA, Neb. (AP) — Billionaire Warren Buffett says the U.S. economy appears weaker than he thought it would be as recently as last fall, but that doesn’t change his optimistic long-term view of the country’s prospects. Buffett appeared on CNBC Monday after releasing his annual letter to Berkshire Hathaway shareholders over the weekend. Buffett says the collapse in oil prices ...

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Watford City sustains growth despite downturn

McKenzie County is still seeing growth, despite recent layoffs and budget cuts that have dominated recent news headlines. While drilling has indeed slowed, production holds steady. As a result: permanent jobs and a steady stream of economic growth in the region. People might not be flocking to the Bakken like they were two years ago, but population in McKenzie County ...

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Devon Energy to lay off 1,000 workers, 700 in Oklahoma City

Devon Energy to lay off 1,000 workers, 700 in Oklahoma City

OKLAHOMA CITY (AP) — Oklahoma City-based Devon Energy has announced plans to lay off about 1,000 employees — including about 700 in Oklahoma City. The oil and natural gas company said in a statement Tuesday that the layoffs are due to “the current commodity price environment” and an effort to reduce expenses in order to remain financially flexible and competitive. ...

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Measure twice, cut once: How Integrated Energy Services maximizes asset value

Measure twice, cut once: How Integrated Energy Services maximizes asset value

In the current economic climate, minimizing risk in the upstream oil and gas industry has become more important than ever, particularly in the refracturing process. Integrated Energy Services helps businesses reduce their refrac risk substantially. The Austin-based company provides advisory services to oil and gas producers working in conventional and unconventional reservoirs. Refracturing is one way to increase profit and ...

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Danger signs flashing for global economy, years after crisis

WASHINGTON — Eight years after the financial crisis, the world is coming to grips with an unpleasant realization: serious weaknesses still plague the global economy, and emergency help may not be on the way. Sinking stock prices, flat inflation, and the bizarre phenomenon of negative interest rates have coupled with a downturn in emerging markets to raise worries that the ...

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