Phillips 66 makes $250,000 donation for California wildfire relief

While the death toll from the California wildfires climbed to 59 and authorities released the names of 130 who remain missing, Phillips 66 in Houston announced the pledged donation of $250,000 to the American Red Cross to help in recovery efforts. “Our thoughts and prayers are with all those affected by the wildfires,” said Greg …

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Cactus gets a new Chief Financial Officer

Cactus Drilling, one of the companies involved in the exploration of Oklahoma’s STACK and SCOOP plays has announced the naming of a new CFO. Stephen Tadlock, who was the company’s Vice President and Chief Administrative Officer has been named to the position of Vice President and Chief Financial Officer. The move will take effect March …

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AAA was busy in this week’s winter storm in Oklahoma

This week’s blast of winter weather in Oklahoma kept the American Automobile Association busy as it rescued nearly 600 Oklahomans. Leslie Gamble with AAA Oklahoma reported the official count was 587 who needed roadside assistance which was 150 more calls than is normal for this time in November. “Being stuck along the side of the …

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Oklahoma and Arkansas agree to protect Illinois River from pollution

A river runs through it.  Oklahoma and Arkansas. The two states are joining in an effort to make sure the Illinois River that runs through the two states does not have pollution issues. Gov. Mary Fallin on Thursday announced the completion of a memorandum of agreement committing the two states to future collaboration in addressing water …

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Air Force to announce future of Tinker Air Force Base

When it comes to the largest employers in Oklahoma, it’s easily the Defense Department.  It has about 69,000 employees in the state. And on Friday, the state will learn of a major announcement affecting Tinker Air Force Base where 26,000 people work. Secretary of the Air Force, Heather Wilson plans to be at the Air …

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October gross production tax collections in Oklahoma worry one state leader

Gross production tax collections for October in Oklahoma came in below the estimate of state officials with the Oklahoma Office of Management and Enterprise Services. And it led one official to suggest there’s nothing to indicate the state will have significantly more money for agency appropriations than anticipated. The collections totaled $34.3 million but were …

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OKC aircraft charter company owner pleads to violating FAA laws

The owner of an Oklahoma City aviation company that leases planes and helicopters to companies for charter work has pleaded guilty to federal misdemeanor charges and agreed to pay $50,000 in fines. James Paul Johnson and his company, Interstate Helicopters, Inc. headquartered at Wiley Post Airport, entered guilty pleas on Tuesday in Oklahoma City Federal …

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Pioneer sells pumping assets in $400 million deal

Pioneer Natural Resources Company based in Dallas announced this week a $400 million agreement to divest its pressure pumping assets to ProPetro Holding Corp. Pioneer has exploration operations in Texas, Oklahoma, Colorado, Kansas and New Mexico. The agreement means ProPetro, based in Midland, Texas will become a strategic long-term service provider for Pioneer for up …

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Northwest Pipeline offers $250 million senior note exchange

Tulsa’s Northwest Pipeline LLC announced it’s started a $250 million senior note exchange. The wholly owned subsidiary of The Williams Companies, Inc. is offering the exchange for any and all of its $250 million in outstanding 4% Senior Notes due 2027. The notes were originally issued in a private transaction in August of this year …

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Coal provider faces more financial challenges

One of the providers of Wyoming coal to Oklahoma coal-fired electric generating plants has ended its Credit Agreement with a bank after the amount of borrowing capacity was reduced to about $16 million. It is the latest in a series of financial moves that some say portend a gloomy future for the company. Cloud Peak …

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