July 11, 2019 archive

How a Deepwater Horizon case ended up in OKC federal court

In one of his first rulings as a U.S. District judge in Oklahoma City, Judge Patrick R. Wyrick decided part of a case involving a nearly $20 million deficiency judgment, a bankruptcy and a claim against British Petroleum over the 2010 Deepwater Horizon Oil Spill. He dismissed efforts of Neverve, LLC, Oklahoma City attorney Ruston …

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Move to new downtown OKC building made by Enable Midstream

Oklahoma City’s Enable Midstream has made the move into a larger building in the city’s downtown.  All 500 employees. As Steve Lackmeyer of the Oklahoman reported, the company finished the move into the new 27-story BOK Park Plaza Tower. Enable Midstream occupies five stories of the building which opened last year on West Sheridan Avenue …

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Workers evacuated from Gulf rigs as storm hits

The first major storm of the hurricane season has forced U.S. oil producers to remove workers from their Gulf of Mexico operations. The potential hurricane, to be named Barry already forced producers to cut nearly a third of their crude output in the Gulf. The storm also has threatened Gulf Coast refinery operations. At least …

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Helmerich and Payne to release earnings reports July 25

Tulsa-based Helmerich and Payne intends to release its fiscal third quarter 2019 earnings report on July 25. Company management will also hold a conference call to be broadcast live over the Internet at 10 a.m. central time. John Lindsay, President and CEO will be joined by Vice President and CFO Mark Smith and Director of …

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Dividend announced by ConocoPhillips

ConocoPhillips announced a quarterly dividend of 30.5 cents per share. It will be payable Sept. 3, 2019 to stockholders of record at the close of business on July 22, 2019. The company previously announced the same quarterly 30.5 cent a share dividend in May. It was payable June 3, 2019. The announcement was made as …

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SEC filing by NGL Energy

A filing with the U.S. Securities Exchange Commission revealed that NGL Energy Partners LP director Bryan K. Guderian acquired 8,000 more shares in the Tulsa-based company. The filing showed that he now owns 56,500 shares in the NGL Energy Partners LP.  Guderian joined the board in May 2012. He has served as Senior Vice President …

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Congressman Cole calls it the “Green No Deal”

Using words like “unrealistic,” “socialism,” “radical,” “nonsensical” and “unworkable,” Oklahoma Congressman Tom Cole explains in his latest column why he opposes the Green New Deal offered by Democrats. Here is his column: Regardless of political points of view, most Americans can agree that good stewardship of the earth and its precious resources is important. And …

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Corruption probe in Puerto leads to 6 arrests

A month after it was revealed the FBI was investigating alleged corruption in the government of Puerto Rico, six arrests were made but none involved an Oklahoma company that won nearly $1 billion in power restoration contracts with the government. The six arrests, which included Puerto Rico’s former education secretary, focused on how the suspects …

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Ada research center supported by Oklahoma’s Congressional delegation

U.S. Sen. Jim Inhofe (R-Okla.), senior member of the Senate Committee on Environment and Public Works, Sen. James Lankford (R-Okla.) and Congressman Tom Cole (OK-04) sent a letter to EPA Administrator Andrew Wheeler in support of the of the new Robert S. Kerr Environmental Research Center in Ada, Oklahoma. In late June, the Environmental Protection Agency announced …

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