Weeks after signing a $710 million deal to buy another company, Houston, Texas-based Kirby Corporation announced second quarter net earnings of nearly $26 million. Kirby, the firm that acquired United Holdings and United Engines in Oklahoma six years ago announced in June its acquisition of Stewart and Stevenson LLC, a subsidiary of the Houston-based Parman …
August 2, 2017 archive
Williams Cos. Buys Amish Farm Where Pipeline Protesters Gathered in Pennsylvania
Tulsa-based Williams Companies isn’t saying much about it. But the company has just bought a 107-acre farm in Pennsylvania that served as the base of operations for opponents to the company’s Atlantic Sunrise pipeline project. The Amish farm is near the town of Conestoga in Lancaster County and was a protest encampment against the $3 …
Red Faces at BLM Over Mishandling of Criminal Evidence
The Bureau of Land Management has certainly had its problems as it enforced oil and gas rules and regulations in Oklahoma’s Osage County. Now comes the story of how BLM senior law enforcement officials in Utah gave away ancient stones as a reward to a private contractor. The moqui marbles, which consist of compacted sandstone …
$2 million Campaign Fund Built by Lt. Gov. Todd Lamb
Days after Lt. Gov. Todd Lamb discussed energy and his campaign for Governor with OK Energy Today, it’s been reported his campaign fund totals nearly $2 million. The Tulsa World reports Lamb has so much money, he has far more than any of the 11 other candidates. And the primaries are more than 11 months …
EPA Panel Clears Pruitt in Complaint Filed by Sierra Club
Former Oklahoma Attorney General Scott Pruitt might be smiling these days after his own EPA cleared him following a complaint filed by one environmental group. Pruitt gets the green light in an investigation of whether he violated the Agency’s science integrity policy for his comments on climate change. It’s reported a panel of senior agency …
New South Canadian River Bridge to Be Built at Purcell and Lexington
Three years after the Purcell-Lexington bridge over the South Canadian River was closed because of the discovery of cracks, the state is about to begin construction of a new bridge. Work is scheduled to begin this year on replacing the 79-year old U.S. 77/State Highway 39 that links the two cities. It could last 18 …
OGE Announces Expansion of Rate Refund Program
Oklahoma Gas and Electric announced this week plans to expand its rate-refunds to some former customers. The announcement followed the company’s most recent rate case. Existing customers started receiving refunds in May after the company filed its new rates. OGE will now start providing refunds to customers who discontinued their electric service during the interim …
Annual Tinker Air Force Base Contracting Conference Approaching in Midwest City
Tinker Air Force base is planning another effort at attracting business with civilian firms with its Tinker and the Primes. For eleven years, Tinker and the Primes has attracted hundreds of aerospace, defense and government contracting agencies and organizations. This year’s conference “Innovating Together” will be the 12th and is planned for Aug. 21-23 at …
New Chief Accounting Officer Named at SandRidge Energy
Oklahoma City’s SandRidge Energy has announced the appointment of a new Senior Vice President and Chief Accounting Officer. Michael A. Johnson will assume his new duties Aug. 15, after departing Chesapeake Energy Corporation where he had worked for 17 years. The 52-year old Johnson previously was Vice President of Accounting and Financial Reporting at Chesapeake. …
Newfield Exploration Posts $98 Million in Net Income for Second Quarter of 2017
Houston-based Newfield Exploration Company reported a net income of $98 million or $0.49 per diluted share for the second quarter of 2017. Last year, the company reported a net loss of $667 million or $3.36 per diluted share, according to company financials. “We are on target to deliver the key objectives within our 2017 business …
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