July 23, 2018 archive

Gas station chain sued by EEOC over Lawton operation

A Lawton, Oklahoma Burger King franchise violated federal law when it refused to hire a man as a dining room attendant because he had suffered a traumatic brain injury and needed a job coach to assist with his training, the U.S. Equal Employment Opportunity Commission charged in a lawsuit filed Monday. According to the EEOC, the job coach …

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OKC Gasoline prices drop

The gasoline website GasBuddy reports gasoline prices in Oklahoma City dropped 2 cents a gallon in the past week reaching an average of $2.51 a gallon. This week’s statewide average is $2.58, down 2 cents. Nationally, the new average dropped nearly 4 and a half cents to hit $2.82 per gallon. A year ago, Oklahoma …

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Senators introduce measure to save money on government use of heavy equipment

Oklahoma U.S. Sen. James Lankford joined forces recently with two other Senators in introducing a measure to allow federal agencies to lease construction equipment rather than purchase it. He and Sens. Gary Peters (D-Michigan) and Rand Paul (R-Kentucky) introduced what they call the Federal Acquisition Savings Act of 2018. It would require federal agencies to …

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2,000 workers busy with latest Permian Basin pipeline

  An estimated 2,000 contractors are working to finish one of the latest pipelines being built to take the pressure off the Permian Basin oil and gas challenge. The Shin Oak Pipeline was announced last spring but it won’t be finished until the middle of next year. The line is 658-miles in length and will …

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Schlumberger reports 6% increase in revenue over 1Q

With offices and operations throughout Oklahoma, Schlumberger announced revenue of $8.3 billion for the second quarter of 2018. That’s a 6% increase over the first quarter of the year. Pretax operating income totaled $1.1 billion, which was a 12% increase over the first quarter of 2018. The revenue ending the first quarter was $7.8 billion …

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Merger completion announced by San Antonio energy firm

San Antonio’s NuStar GP Holdings, LLC, and NuStar Energy L.P. announced Monday the completion of a merger of NuStar GP with a subsidiary of NuStar Energy. It’s a move to simplify corporate operations. The company has major operations in Oklahoma and with the completion of the merger, NuStar Holdings has merged with an into a …

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NGL to release 1Q fiscal report

While many companies are issuing their second quarter earnings reports, Tulsa-based NGL Energy Partners LP plans to release its fiscal first quarter report on Tuesday, Aug. 7. The information will be made available before the start of markets. Afterward, NGL’s management team will host an earnings call at 10 a.m. CDT to discuss the financial …

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Halliburton’s 2nd Q earnings soared over 1st Q report

Halliburton Company reported early Monday its second quarter 2018 earnings from continuing operations totaled $511 million or 58 cents a share. It’s nearly eleven times more than the $1 million reported in the first quarter of the year. Operating income for the second quarter was $789 million compared to $354 million in the first quarter. …

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NORDAM files Chapter 11 following contract dispute

Tulsa aircraft engine-maker NORDAM Group announced it has filed Chapter 11 bankruptcy reorganization and protection. The company made the announcement Sunday night, indicating that its foreign subsidiaries and affiliates were not part of the filing. “The action comes following a protracted contract dispute with Pratt & Whitney Canada regarding the PW800 nacelle system used in …

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Costello picks up endorsement from Sen. Larry Boggs

Cathy Costello has picked up another endorsement in her run-off for the GOP nomination for Oklahoma Labor Commissioner. State Sen. Larry Boggs, the former Director of the Oklahoma Farm Bureau came out with his support. “Cathy Costello best represents the conservative values of rural Oklahoma and she knows what it takes to create good jobs,” …

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