Study finds challenging times ahead for aerospace industry

A new aerospace study suggests America’s aviation industry will find challenging times in the coming year and it will have a direct impact on the nearly 37,000 aerospace workers in central Oklahoma and the 230 aerospace firms in the region. And oil prices will play a role in whether some aerospace firms are profitable. The …

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Williams wraps up $3.8 joint venture with Canadian Investment Board

Williams announced the completion of the formation of a US$3.8 billion joint venture with Canada Pension Plan Investment Board  that includes Williams’ owned and operated Ohio Valley Midstream system in the western Marcellus and Williams’ owned and operated Utica East Ohio Midstream system in the Utica Shale play in eastern Ohio. The finalization of this joint …

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Texas gets new wastewater discharge bill

The State of Texas gets a new water discharge bill.  Gov. Greg Abbott signed a bill to allow the discharge of oil and gas produced water into rivers and streams but at the same time gave new powers to the State’s Commission on Environmental Quality. The power had previously been with the Texas Railroad Commission …

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Far South Texas shaken by 3.6 earthquake

The U.S. Geological Survey confirms it was a 3.6 magnitude earthquake that hit the Eagle Ford Shale southeast of San Antonio over the weekend. The epicenter of the earthquake was about 2 miles north of the Karnes County town of Falls City and the quake hit around 8 o’clock Saturday night. Falls City is about …

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Quarterly distribution declared by NGL Energy Partners

  Shareholders in Tulsa’s NGL Energy Partners LP are getting a quarterly distribution. Depending on what kind of units they hold, the shareholders will get a distribution ranging from 56 to 59 cents per share for the quarter ending June 30, 2019. The holders of the Partnership’s 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual …

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Gov. Stitt to lead Oklahoma delegation to Paris Air Show

The foreign direct investment team with the Oklahoma Department of Commerce announced the state’s participation at the upcoming Paris Air Show taking place outside of Paris, France, June 17-23, 2019. The delegation will be led by Oklahoma Governor Kevin Stitt and other dignitaries including: • James Inhofe, United States Senator from Oklahoma • Sean Kouplen, Oklahoma …

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Oil and gas rig counts are showing signs of the industry being unsteady

The nation’s rig count continues to show more signs of weakness as numbers dropped by 6 to 969 while Oklahoma remained steady in the past week. The industry is unsure of the future. The national count included a loss of one more oil rig to a final count of 788 while the number of gas …

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Murphy Oil seeks new investors at NY conference

One of the presenters at an upcoming J.P. Morgan Energy Equity Investor Conference in New York will be Murphy Oil Corporation. Roger W. Jenkins, President and Chief Executive Officer of the company based in El Dorado, Arkansas will make the presentation as the firm seeks new and additional investors. The conference will be held Tuesday, …

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Leadership at OKC’s Roan Resources announce the company’s alive and well

Roan Resources, Inc.  in Oklahoma City announced it is positively updating guidance for the second quarter of 2019 after speculation mounted that the company had suffered financially. In an announcement on Friday, the company stated that it anticipates second quarter production to exceed 50 thousand barrels of oil equivalent (MBoe) per day, which compares to …

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State Regulators to consider rules to enforce blocked railway crossing law

A new law giving law enforcement officers the power to issue citations to railway companies for blocking street intersections will be taken up June 20 by the Oklahoma Corporation Commission. House Bill 2472 was signed into law last month by Gov. Kevin Stitt and it carries up to a $1,000 fine for a train operator …

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