October 2016 archive

Google Fiber Puts OKC Development on Hold

  Google’s website still says “We’re exploring bringing Fiber to Oklahoma City.” But it’s clear Google and its parent company Alphabet have stopped development of the super fast network for Oklahoma City and several others around the country. “Going forward we’re focusing on new technology and deployment methods to make superfast internet more abundant than …

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Mark Ruffalo is Latest Hollywood Actor to Join Protesters in North Dakota

The Dakota Access Pipeline protest in North Dakota apparently has become the “protest de jour” for Hollywood. Now actor Mark Ruffalo who considers himself an activist has joined the Native Americans and members of the Standing Rock Sioux Tribe’s protest of the nearly $4 billion pipeline under construction. Ruffalo is described as a co-funder of …

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Labor Commission to Honor OKC Pizza Company for its Job Creation

Just as oil and gas firms are in the slow movement of creating a few more new jobs in the state, the Oklahoma Labor Department on Friday will honor an Oklahoma City company for its creation of job opportunities. Labor Commissioner Melissa McLawhorn Houston will hand out the newly-named Mark Costello Entrepreneurial Excellence award to …

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Bankrupt Samson Resources gets Approval to Unload 4660 million in Assets

Tulsa-based Samson Resource won the approval of a federal bankruptcy judge this week in moving ahead with the sale of an estimated $660 million in assets. Samson owes $4 billion in debt and filed for Chapter 11 protection 13 months ago. This week, Judge Christopher Sontchi with the U.S. Bankruptcy Court for the District of …

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Legislator Wants Heartland Flyer Contract Renegotiated With Texas

One form of transportation in the state was the subject of a State Senate interim study this week at the State Capitol—Amtrak’s Heartland Flyer. Sen. Frank Simpson, R-Springer asked for the study because of his concerns that Texas benefits most from the route but only pays 40% of the funding while Oklahoma contributes 60%. “I …

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ONEOK Fined $732,000 Over 2008 Fire in Kansas

Officials at ONEOK in Tulsa say they’re reviewing orders from a federal agency that issued a $732,000 fine over a 2008 fire at the company’s operations in Bushton, Kansas. The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration issued three Final Orders on Wednesday with required corrective actions and civil penalties totaling $732,100. …

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Three Oklahoma Rural Electric Cooperatives Awarded Over $40 Million in USDA Federal Loans

The U.S. Department of Agriculture announced Wednesday that three Oklahoma rural electric cooperatives will receive more than $40 million in federal loans for construction, improvement and repair projects. A $15.7 million federal loan was awarded to the Central Rural Electric Cooperative to build or improve 34 miles of transmission and distribution line. Located in Stillwater, …

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Baker Hughes Declares Quarterly Dividend of $0.17 per Share for Third Quarter 2016

Oilfield services provider Baker Hughes Incorporated announced Wednesday its Board of Directors declared a regular quarterly cash dividend of $0.17 per share of common stock payable on November 18, 2016 to shareholders of record on November 7, 2016 for the third quarter of 2016. “Looking ahead, in the fourth quarter of 2016, we expect activity …

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Despite Surprise Inventory Fall, WTI and Brent Crude Settle Below $50 on Wednesday

Weary of increasing doubts that Iraq will agree to an OPEC production cut, crude oil prices settled at their lowest level in nearly three weeks on Wednesday, according to a report by Bloomberg MarketWatch. On the New York Mercantile Exchange, December West Texas Intermediate crude fell by 78 cents, or 1.6%, to settle at $49.18 a …

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Completion Reports October 27, 2016

  CANADIAN COUNTY Devon Energy Production Co Lp Woodford(8278): Gas 64 Water 1325 Flow 10 14N 6W Prima 10_03-14n-6w 1hx, September 29, 2016 HH, GAS, TD: 18525 ft Lat: 35.69724, Long: -97.82201 API: 35017248950000 CUSTER COUNTY Apache Corporation Atoka(13920): Gas 150 Water 2 Flow 22 12N 20W Dunn 2-22, September 12, 2016 SH, GAS, TD: …

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