August 27, 2019 archive

Thousands still without power after powerful storm strikes OKC

The severe weather that hit the Oklahoma City metro Monday night not only produced an EF-1 tornado near Edmond but at one point left 117,000 OGE customers without electrical power. The power outages forced numerous schools in the Oklahoma City area to cancel classes on Tuesday. Tree branches and trees were toppled by the strong …

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Two Denver oil firms merge in $1.7 billion deal

PDC Energy, Inc. in Denver announced it is merging with another Denver-based firm, SRC Energy, Inc. in a $1.7 billion agreement. PDC is acquiring SRC in an all-stock transaction including nearly $685 million in SRC’s net debt. Under the agreement, SRC shareholders will received a fixed exchange ratio of 0.158 PDC shares for each share …

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$300 million in broadband services for North Texas

  Nearly $305.5 million was authorized recently for projects over the next 10 years to improve, expand and maintain broadband service in rural areas of Texas according to the Wichita Falls Times. The move will bring affordable broadband services to 23,424 underserved residences and businesses in the state. “Access to broadband isn’t just about connecting …

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BNSF railway files suit over new state law in Oklahoma

BNSF Railway has filed a lawsuit in U.S. District Court in Oklahoma City against the cities of Edmond and Davis and the Oklahoma Corporation Commission over a new state law allowing for fines against railroad companies for blocking streets and roads. BNSF’s lawsuit results from citations written by Edmond and Davis police to the Fort …

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Judge recommends approval of rate settlement for Empire Electric

An administrative law judge is recommending the Oklahoma Corporation Commission approve a proposed settlement agreement that would hold rates at Empire Electric District as they are for at least another year. Under the agreement, the nearly 4,700 customers in Craig, Delaware and Ottawa counties in northeast Oklahoma would not see rates increase under the company’s …

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Contaminated groundwater found around Air Force Academy

The U.S. Air Force Academy says unsafe levels of toxic chemicals from firefighting foam were found in groundwater at four sites on the Colorado campus according to a report by Air Force Times. The Gazette reported Thursday that officials plan to test drinking water wells in an area between the academy and Colorado Springs. Air Force officials say drinking …

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3Q results to be released by Schlumberger

Schlumberger, the European based energy firm with major operations in Oklahoma and Texas will release its third quarter financial results in mid-October. Results will be released at 6 a.m. Oklahoma time on Oct. 18 and a conference call will follow at 7:30 a.m. Central Time. The company saw its worldwide revenue increase by 5% to …

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Panhandle Oil and Gas leader resigns

Oklahoma City’s Panhandle Oil and Gas Inc. is under new leadership effective this week following the resignation of its President, Chief Executive Officer and Director, Paul F. Blanchard Jr.. On Monday, he stepped down as a member of the Board, and as President and Chief Executive Officer of the Company. The Panhandle Board of Directors …

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Newfield’s latest multi-well drilling site is in southern Oklahoma

Newfield Exploration has expanded its multi-well single-pad operations from Blaine and Kingfisher counties in the STACK to the SCOOP. The Houston company received permits to drill this week at a site near the Stephens County town of Purdy where it plans to drill up to six wells on a single pad. The permits put the …

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