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Nearly half of the continental United States is in severe or worse drought. More than 95% of Arkansas is in severe to exceptional drought, and Oklahoma is expected to break its all-time high temper.

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R. Brad Martin, Chairman Robert Douglas Lawler, CEO Domenic J. Dell’Osso, Jr., CFO Products: Petroleum Natural gas

PACs that have donated at least $5,000 include Continental Resources. Don Drury and campaign signs from Oklahoma Sign Co. Democrat Clay Padgett has reported donations of $31,182.50, which includes.

Nearly a third of the continental United States was in drought as of April. A similar mantra — “squeeze every drop” — is part of the water-saving culture in Oklahoma City, where officials enforce m.

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But Continental undermined itself with aggressive lending policies. Its difficulties first emerged in 1982 with losses from loans to the oil and gas industry, and particularly from the collapse of Pen.

And when a small bank in Oklahoma City named Penn Square Bank failed in the summer of 1982, Continental was forced to write off $326 million of its Penn Square loans. The woes snowballed as other loan.

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Penn Square Bank was declared insolvent and closed five days later after its known loan losses hit $49 million and its capital of about $30 million was wiped out. Continental President John H. Perkins.

Lytle, who was fired by Continental in August, 1982, is accused of making loans to customers of Penn. It seems clear that the thrust of the Oklahoma indictment was Patterson`s alleged fraud against.

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From breaking news and entertainment to sports and politics, get the full story with all the live commentary.

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The proceeds will be paid for by a bridge loan, which will be converted into senior notes or. where producers have a long-term contract with Pony Express to move oil onto Cushing, Oklahoma. Unless.

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Continental got into trouble with a series of bad loans in oil and energy, chief among them loans taken over from Penn Square Bank of Oklahoma City, which collapsed in the summer of 1982. The toxic lo.

Freddie Mac’s review timelines take about 90 days of receipt of the loan file and. Louisiana, and Oklahoma, which he covers from his base in Dallas. Fisher has over 20 years of experience in the mo.

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Amazon.com: Belly Up: The Collapse of the Penn Square Bank (9780449902059): Phillip L. Zweig: Books

CHICAGO — A federal jury acquitted an Oklahoma oil contractor Tuesday on. in a scheme involving high-risk energy loans to save his own failing bank by defrauding Continental. But the panel found St.

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The weekly U.S. Drought Monitor released Thursday by the University of Nebraska-Lincoln says nearly 11 percent of the continental United. paving the way for emergency loans for producers. Iowa, Kan.

On Thursday, the Butte Local Development Corp. board approved a $500,000 loan for Community Counseling and Correctional Services to create a new campus for the only state-run Montana Chemical Dependen.

(Reuters) – Continental Resources Inc. and represent an 18.5 percent chunk in the Oklahoma-based drilling giant, according to a Reuters calculation. Hamm could be forced to offer more collateral fo.

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Oklahoma saw the most earthquakes in 2014 of any state in the continental U.S – 375. the banks are saying hey if you don’t have this we’re not going to provide the loan on this house, but we’re not.

Continental on Tuesday filed paperwork. 68.7 million shares of Continental stock to obtain a personal loan. That equates to about 27 percent of his majority holdings in the Oklahoma City-based oil.

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Continental Resources, Inc. (NYSE:CLR) is a mid-sized independent oil & gas producer with operations in North Dakota, Montana, and Oklahoma. Using its Q1 results. Keep in mind Continental’s $500 mi.

It has been nearly 24 years since the Fed last stepped in to directly help out another tottering bank, Continental. Square Bank of Oklahoma City into one of the biggest lenders to the oil and gas i.

R. Brad Martin, Chairman Robert Douglas Lawler, CEO Domenic J. Dell’Osso, Jr., CFO Products: Petroleum Natural gas

Jurney is looking just about everywhere in the continental United States except New England. McDonald’s with a glass floor.

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