Shareholders demand more details of Southwestern Energy’s merger with Chesapeake Energy
The Houston-based company revealed in a filing with the Securities and...
The Houston-based company revealed in a filing with the Securities and Exchange Commission that it received “seven demand letters from purported stockholders of Southwestern and one demand for books and records.”
“Three complaints have been filed against Southwestern in New York Supreme Court, asserting claims for negligence, negligent misrepresentation, and breaches of fiduciary duties stemming from allegedly material omissions in the joint proxy statement/prospectus (the “Complaints”),” stated the company in the SEC filing.
According to the filing, the demand letters contended that material information was omitted from the firm’s joint proxy statement/prospectus.
World leaders, including the pope, will convene at the G7 summit...
World leaders, including the pope, will convene at the G7 summit in Italy beginning on Thursday.
In hockey, the Edmonton Oilers hope to become the first Canadian NHL team to win the Stanley Cup in 31 years, but they’re down 1–0 in the series against the Florida Panthers. Game 2 is tonight.
The Celtics and Mavericks continue the NBA Finals, with the Celtics up 2–0.
Golf’s US Open begins Thursday at Pinehurst in North Carolina.
It’s not the World Cup, but it’s the next best thing: The Euro 2024 soccer tournament begins on Friday.
The Oklahoma City Council approved the removal of height restrictions...
The Oklahoma City Council approved the removal of height restrictions last week, allowing the development of a 1,907-foot tower to proceed. If constructed, the Legends Tower, the brainchild of developer Matteson Capital and architecture studio AO, would be the tallest building in the US and stick out like a beautiful sore thumb in Oklahoma, where it’d be more than double the height of the state’s current tallest building.[More]
Kia is recalling nearly 463,000 Telluride SUVs in the US over front seats that could start burning. It’s telling owners to keep their Tellurides parked outside and away from buildings.
The FDA warned consumers about Diamond Shruumz-brand Microdosing Chocolate Bars, which have been linked to severe illnesses in eight people across four states.
Carlos Alcaraz won his first French Open title and his third Grand Slam overall. On the women’s side, Iga Swiatek hoisted her third-straight French Open trophy.
Caitlin Clark was left off Team USA’s women’s basketball roster for the upcoming Paris Olympics.
Gas veteran pursues cleaner way to get electricity from gas
As CEO of clean energy company NET Power, natural gas veteran Danny Rice...
As CEO of clean energy company NET Power, natural gas veteran Danny Rice is advancing a technology that generates emission-free electricity by burning gas with oxygen and using the resulting mixture of carbon dioxide and water to drive a turbine. NET Power has achieved significant milestones at its La Porte, Texas, demonstration plant and plans to open a commercial power plant around 2027.
US oil and gas rig count falls to lowest since January 2022
U.S. energy firms this week cut the number of oil and natural gas rigs...
U.S. energy firms this week cut the number of oil and natural gas rigs operating to the lowest since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday.
Meanwhile, Oklahoma’s oil and gas drilling efforts suffered a major loss of four rigs over the past week, with only 38 rigs active now.
The drop in rig activity added to a decline reported nationwide. The total rig count experienced a 6-rig loss, leaving 594 active rigs in the U.S. The decline included a loss of four oil rigs, leaving 492 active, and the drop of two gas rigs to 98.
The U.S. count in the past week is 101 fewer than the 695 reported a year ago. Over the past 12 months, the rig count declined, including 64 oil and 37 gas rigs.
Texas still leads the country with 287 rigs, unchanged from a week earlier. New Mexico remained at 107 and North Dakota stayed at 32 rigs. The count in Louisiana dropped by one to 41 rigs.
