The amount of oil flowing out of the Permian Basin in West Texas is so great, the gross domestic product of Texas has loomed to $1.6 trillion. Job growth has expanded in Texas and if the state were an independent country, the economy would settle in around tenth place, according to the New Yorker magazine …
The city of Sapulpa is getting a $1.5 million grant from the federal government to improve its water system. U.S. Secretary of Commerce Wilbur Ross said the Department’s Economic Development Administration awarded the money to make critical water infrastructure improvements needed to support business development and expansion in the region. In making the announcement, the …
Tulsa’s NGL Energy Partners LLP announced Tuesday it has wrapped up the $300 million sale of its 50% interest in the Glass Mountain Pipeline LLC. SemGroup Corporation and NGL had been in partnership in ownership of the 215-mile intrastate line. The purchase was made by a fund managed by BlackRock Real Assets in partnership …
Another slight dip in Oklahoma’s unemployment rate has been reported by the state, showing the November rate dropped to 4.2 percent. All the while, the number of jobs in oil and gas in the state grew by 900 from October to November. The Oklahoma Employment Security Commission reported the seasonally adjusted unemployment rate fell 0.2 …
