Former Chesapeake Energy employees leave the building with their belongings after the Sept. 29, 2015 buyouts.
Brent Fuchs / The Journal Record

Layoffs, Mergers, And Stock Scares In A Volatile Week For Oklahoma's Energy Industry

It's been a rocky five days for Oklahoma's energy sector, with downsizing, buyouts, and even a possible de-listing from the New York Stock Exchange. On Tuesday Chesapeake Energy announced its second round of mass layoffs in two years, letting go a total of 740 employees, including 562 at the Oklahoma City campus. That figure represents nearly 20 percent of the workforce at the intersection of NW 63rd Street and Western Ave. The company is a significant driver of Oklahoma City's economy. "I...
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Chesapeake Energy's Oklahoma City headquarters.
Joe Wertz / StateImpact Oklahoma

More than 500 Oklahoma employees of Chesapeake Energy are out of a job following the latest layoffs Sept. 29, as oil prices stay below $50 a barrel. Gasoline is cheap, but that relief at the pump can fuel widespread worry about Oklahoma’s oil and gas-reliant economy.

Tulsa County Sheriff Stanley Glanz at the 2014 groundbreaking of a new law enforcement training center.
Matt Trotter / KWGS Public Radio Tulsa

A Tulsa County grand jury has concluded its probe into the Sheriff's Office, indicted embattled Sheriff Stanley Glanz, and called for his resignation.

In recent days, we've seen these headlines:

  • Caterpillar is planning to cut up to 10,000 jobs.
  • After standing for 127 years as an industrial giant, Alcoa will be splitting into two smaller companies.
  • Glencore, a global mining giant, is seeing its stock price crumble amid insolvency rumors.

The three events may seem unrelated, but in fact, all are part of one big story: the commodities-price collapse.

Attorney Don Knight on the phone with Richard Glossip outside the Oklahoma State Penitentiary in McAlester
Jacob McCleland / KGOU

Gov. Mary Fallin has issued a 37-day stay of execution to Oklahoma death row inmate Richard Glossip because of concerns the state doesn't have the right drugs for the lethal injection.

Oklahoma City Council Advances Median Ordinance

Sep 29, 2015
homeless person holding a sign
AR McLin / Flickr

Nobody will be allowed on medians in Oklahoma City if an ordinance that city council advanced on Tuesday gets final approval. The prohibition would include panhandlers.

At Tuesday’s public hearing, the council heard from several citizens who oppose the measure like Derrek Jump, a veteran who advocates for homeless vets. Jump said he’s opposed to the idea of fining and jailing our poorest citizens.

Chesapeake Energy employees leave buildings after layoffs were reported Sept. 29, 2015
Brent Fuchs / Journal Record

Updated at 3:22 p.m.

Chesapeake Energy Corporation laid off nearly 15 percent of its total workforce on Tuesday at a time when oil prices remain low.

The Oklahoman newspaper reports that Chesapeake laid off 740 total workers, including 562 in Oklahoma City. Employees will get between 13 and 52 weeks of pay and will continue to receive health insurance and job placement help.

A group of state energy officials, researchers and industry experts issued a report Monday offering guidance on how to handle earthquakes triggered by oil and gas activity.

Ryan LaCroix / Oklahoma Public Media Exchange

The state will remove a Ten Commandments monument from the capitol grounds before October 12.

The Oklahoman newspaper reports that a state panel authorized the removal Tuesday of the monument, though it is unclear where it will go.

The Office of Management and Enterprise Services will be in charge of removing the monument.

Keith Dittrich (left) and Loren Broberg farm in the same part of northeast Nebraska. This summer they’ve had the right amount of rain at the right time. Even though most of their fields are irrigated, they have hardly run the sprinklers.
Grant Gerlock / Harvest Public Media

Farmers in the Midwest are facing a situation they haven’t seen in years. Grain prices are down. After some of the most lucrative growing seasons they’ve ever seen, some producers could lose money on this year’s crop. That could slow down the rural economy.

This isn't the first time that Carly Fiorina, who is running for president, has captivated Republican primary voters with her eloquence and tenacity. Five years ago, she overpowered two GOP opponents in California's U.S. Senate race before losing to Democrat Barbara Boxer.