Enable Midstream Reports Increased Earnings in First Quarter

Oklahoma City-based Enable Midstream is reporting adjusted earnings of $215 million in the first quarter of the year, an increase from the $207 million reported one year ago. The company said that’s an increase of $8 million or four percent. It also saw an increase in crude oil gathered volumes by 22.13 thousand barrels a day …

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Devon Energy Posts 1Q Loss of $3.1 Billion

Devon Energy Corp. posted narrower losses for its first quarter on Tuesday, helped in part by a 36% decline in expenses as the oil and gas producer responded to depressed energy prices with a deep cut of its workforce according to The Wall Street Journal. During the three-month period ended in March, the Oklahoma City-based company …

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ONEOK Announces First Quarter 2016 Financial Results

Tulsa’s ONEOK Inc. on Tuesday reported profits of $83.4 million for the first quarter, or 40 cents a share in the first quarter, up roughly 37 percent compared to $60.8 million, or 29 cents a share earned for the same period a year ago. Tulsa pipeline company, ONEOK Partners LP, which owns one of the …

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Chesapeake Manufacturing Subsidiary Lays Off 98 Employees

A Chesapeake Energy Corporation subsidiary laid off 98 employees on Tuesday as part of the continued oil and natural gas industry slowdown. Oklahoma City-based Compass Manufacturing L.L.C. designs, manufactures, installs and sells natural gas compressor equipment. The company was formed in 2007 to supply Chesapeake Energy Corporation and MidCon Compression with natural gas production equipment, …

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Oklahoma’s in Bottom Tier of States for Working Moms

  When it comes to the best states for working moms, whether it’s in the oil patch, coal mines or electrical crews, Oklahoma is in the bottom tier of the states according to a survey by WalletHub. The organization said Vermont’s number one while Oklahoma is ranked 36th based on 13 metrics including day-care, professional …

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Solar Powered Plane Set to Fly to Midwestern U.S.

The solar-powered airline that landed on the west coast of the United States just a week ago flew to Phoenix, Arizona on Monday, safely completing the 10th leg of its round-the-world quest. Solar Impulse 2’s crew will now prepare for a flight to somewhere in the Midwest. The plane, with wings stretching wider than those of …

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Reuters: Energy Transfer Taking Steps to Renegotiate Williams Acquisition

Energy Transfer Equity is taking steps that may enable it to renegotiate its $20 billion cash-and-stock acquisition of Williams Companies, Inc., Reuters reported late Monday evening. The companies are seeking to reduce the number of days specified for completing some of the deal’s administrative requirements, which would give them time to engage in renegotiation of terms …

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Broken Arrow’s Zeeco Inc. Confirms Layoffs

The slumping energy sector has claimed more local jobs, according to the Tulsa World. Zeeco Inc., a Broken Arrow-based manufacturing company with a global presence, held a round of layoffs Friday, the company confirmed Monday. The provider of combustion equipment and advanced environmental systems says that the cuts are a result of the weak state …

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Coal Demand Tumbles in Oklahoma and Rest of the Nation

Ever since the election of President Obama, the nation’s use of coal to generate electricity has tumbled 29 percent from its peak of 1,045 million short tons. The latest figures show coal use has dropped in every state including Oklahoma where the amount of coal used in the coal-fired electric generating plants is 24 percent …

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OGE Heads to Corporation Commission with $92 million Rate Hike Request

  An administrative law judge will begin Tuesday what could be a several-week long hearing into a more than $92 million rate hike request by OG&E. The request was filed weeks before the utility won approval in a controversial Corporation Commission decision on making $500 million in environmental improvements to the firm’s coal-fired Sooner Power Plant …

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