February 7, 2019 archive

Altus to welcome Air Force’s new KC 46 tanker

  The newest addition to the nation’s Air Force fleet will be welcomed Friday at Altus Air Force base. Crews will learn to fly the KC-46A Pegasus at the air base. A welcoming ceremony will be held at 4:30 p.m. and among the dignitaries to be on hand is Oklahoma U.S. Sen. Jim Inhofe.  Reserve …

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American Airlines expands service to Stillwater Regional Airport

Summer travel to and from Stillwater just got even easier—American Airlines will kick off the summer travel season in May with three round trip flights six days a week from Stillwater Regional Airport (SWO). The third round trip flight on most days will allow travelers even more options and flexibility to fly in and out of Stillwater starting May 3 and beyond. American Airlines …

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Cushing hub to play critical role in Plains All American’s Capline pipeline

Plains All American Pipeline LP said  it expects the reversed Capline crude pipeline, from the U.S. Midwest to the Gulf Coast, to begin service in the third quarter of 2020. And the Cushing hub will be critical to the service. The target in-service date for the reversed line is third quarter 2020 for light oil …

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Interior Secretary tours New Mexico oil plant—-cites Trump policies for increased sales on federal land

(Albuquerque Journal) A top Trump administration official touted record sales for oil and gas leases under the U.S. Bureau of Land Management on Wednesday as he sought to promote energy development on public lands. In a statement, acting Interior Secretary David Bernhardt said the federal agency last year generated $1.1 billion from the lease sales, …

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Wind energy to surpass hydroelectric power in 2019

For electric-car drivers looking to emit less pollution as the drive, 2019 could be a banner year according to the online site, Green Car Reports. The U.S. electric grid has been getting gradually greener as utilities replace coal fired powerplants with primarily wind and natural gas. That trend is due to reach a tipping point …

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Turn Red Cedar Trees into electricity?

One Oklahoma man wants to turn the state’s pesky Red Cedar trees into electricity. He says his plan might put an end to the spread of the tree that is claiming up to 700 acres a day in the state. KFOR TV in Oklahoma City reported the story after interviewing Steve Farris. They’re the fuel …

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Frac sand prices are predicted to plunge in 2019

The beliefs of one energy consultant suggest there’s too much frack sand available for the country’s oil and gas industry. As a result, frack sand prices could plunge drastically in 2019. Bloomberg News reported the claim comes from industry consultant Rystad Energy AS which predicts that West Texas sand used in hydraulic fracturing will drop …

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Increased quarterly earnings reported by Matrix Service Company

Tulsa-based Matrix Service Co. reported a net income of $3.9 million in its latest quarterly report. It figured to 14 cents a share compared to a net income of $4.5 million or 17 cents a share compared to a year ago. Quarterly revenue totaled $341 million which was 20.4 percent higher than the $283 million …

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Worker charged in $100,000 theft of goods from company in OKC

  Embezzlement and theft charges have been filed against a 56-year old Norman man who’s accused of stealing aluminum from the company where he worked and selling it to a scrap recycling center. Charges were filed this week against Michael Fabri, a welder who worked for MD Building Products in Oklahoma City. He allegedly stole …

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Increased earnings reported by National Oilwell Varco

  National Oilwell Varco, Inc. is a Houston-based firm with offices in Oklahoma City and reported fourth quarter 2018 revenues of $2.4 billion. It was an eleven percent increase over the third quarter of 2018 and a 22 percent jump from the fourth quarter report of 2017. Operating profit for the fourth quarter was $87 …

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