The corporate campus of Chesapeake Energy in Oklahoma City.
Joe Wertz / StateImpact Oklahoma

No Plans For Bankruptcy Even As Chesapeake Stock Plunges

Chesapeake Energy says bankruptcy isn’t on the table despite Monday’s free fall of its stock price. The Oklahoma City-based oil and natural gas giant’s stock dropped 50 percent at one point during Monday morning trading due to media reports it hired restructuring attorneys. “Kirkland & Ellis LLP has served as one of Chesapeake's counsel since 2010 and continues to advise the company as it seeks to further strengthen its balance sheet following its recent debt exchange,” the company said i...
Read More
Taiwan's president-elect Tsai Ing-wen
CSIS | Center for Strategic & International Studies / Flickr (CC BY-NC-SA 2.0)

Earlier this month Taiwan elected its first female president in a historic general election that also saw a party other than the Kuomintang, or KMT, take over for only the second time since the Chinese Nationalists were driven from the mainland to the island by the Chinese Communists following the 1949 civil war.

President-elect Tsai Ing-wen leads the Democratic Progressive Party, or DPP. Historically, they've been a pro-Independence party, seeking to establish Taiwan as a truly unique nation rather than a state-in-exile.

Brent Fuchs / The Journal Record

Two Oklahoma energy companies announced key business decisions this – one took on more debt, and the other cut spending by $1 billion.

It’s been a rocky few months for SandRidge Energy – the company’s stock has been delisted from the New York Stock Exchange, and has been in a dispute with the Oklahoma Corporation Commission over compliance with wastewater directives in earthquake-prone areas. On Monday, the Oklahoma City-based company announced it would borrow $488 million to pay for general corporate operations.

woman, women, working, women in the work place, working women
eflon / Flickr (CC BY 2.0)

State Rep. Emily Virgin, D-Norman, is pushing a bill this session designed to close the pay gap between men and women. She says women in Oklahoma make an average of just 73 percent of what their male counterparts do.

“That's not including minority women,” Virgin said. “Latina women make 55 cents on the dollar for men. And Native American women and African-American women are at 63 to 65 cents."

The Bizzell Memorial Library at the University of Oklahoma
Brian Hardzinski / KGOU

The University of Oklahoma Board of Regents unanimously approved a $20 million budget reduction plan Thursday morning.

In his proposal, President David Boren says OU has absorbed more than $80 million dollars in cuts and unfunded fixed cost increases since 2008.

The proposal includes a voluntarily retirement incentive that's expected to save $10 million. The other $10 million would come from eliminating vacant faculty and staff positions, and reducing purchasing and travel expenses in department budgets.

Jet Stein with the OWRB's lake monitoring program prepares to test the water at Lake Hefner in Oklahoma City.
Logan Layden / StateImpact Oklahoma

Water contaminated by algae blooms or choked by sediment and pollutants kills wildlife and isn’t healthy for humans. It’s up to the state to make sure Oklahoma’s lakes and rivers are safe, but budget cuts are threatening that mission, officials say.

Water Funding Roller Coaster

Craftsmen in Paris work on the construction of the Statue of Liberty.
National Park Service

In 1777, a 19-year-old French aristocrat arrived on the eastern shores of an infant nation and forever changed the course of United States history. Gilbert du Motier, Marquis de Lafayette received a commission as a major general in the Continental Army, and played a key military role in battles at Brandywine, in Rhode Island, and at the eventual British surrender at Yorktown. His participation in the American Revolution entrenched France’s status as the oldest U.S. ally.

Kris Steele introduces members of Oklahomans for Criminal Justice Reform
Kate Carlton Greer / KGOU

A new coalition aimed at reforming Oklahoma's criminal justice system launched a ballot initiative Wednesday morning. Business, legislative and faith leaders joined together with corrections reform experts to reduce the prison population and save money. 

Oklahoma State University Athletics

The entire Oklahoma State University men's basketball team will be wearing the number "10" on their jerseys Wednesday evening when they take on Baylor University in Stillwater.

The 8 p.m. game comes 15 years since the plane crash that killed 10 members of the OSU basketball team, coaches, and support staff.

Cigarette Tax Hike Proposed To Fund State Programs

Jan 27, 2016
cigarettes
Brian Hardzinski / KGOU

Oklahoma’s health commissioner is proposing a $1.50 increase to the price of a pack of cigarettes.

Dr. Terry Cline says the tax increase would generate about $182 million per year. About $120 million would fund teacher compensation, and nearly $58 million would go toward Insure Oklahoma. Another $3.6 million would go to pediatric cancer treatment and research.

The unfinished American Indian Cultural Center and Museum in Oklahoma City.
Brent Fuchs / The Journal Record

Oklahoma City took another step toward finishing the troubled American Indian Cultural Center and Museum.

Pages