Author's posts
North Dakota Pipeline Protests Get Support of Oklahoma Native Americans
One of those who ended up behind bars during last week’s Native American-led protests of the Dakota Access Pipeline in North Dakota was Oklahoma Caddo Nation chairwoman Tamara Francis-Fourkiller. She was said by family members to be visiting the Standing Rock Sioux to advise them during negotiations with the construction team building the $3.8 billion …
Williams Companies Reported 3Q Net Income of $61 million
Tulsa-based Williams Companies Inc. is reporting a third quarter 2016 net income of $61 million while its third quarter adjusted earnings totaled $1.1 billion. The adjusted earnings totaled $1.192 billion, an increase of 8% or $89 million from a year earlier, according to a filing the company made early Monday with the Securities and Exchange …
$30 billion Merger of GE and Baker Hughes Creates New Industrial Services Company
General Electric, the company that recently formally opened its new oil and gas energy research site in Oklahoma City has reached a nearly $30 billion deal to combine its oil and gas business with Baker Hughes Inc. The “New” Baker Hughes will be a leading equipment, technology and services provide in the oil and gas industry …
Oklahoma Stays Steady while Nation’s Rig Count Increases Slightly
The latest oil and gas rig count from Baker Hughes shows the national count increased by four in the past while the number in Oklahoma remained the same as last week. Oklahoma’s count stayed at 73 while the national count added up to 557 active oil and gas rigs. That’s a decline of two oil …
Morrissette’s Next Earthquake News Conference to Feature Those with Earthquake Damage
State Rep. Richard Morrissette, a critic of the state’s handling of how to respond to the growth in earthquakes in Oklahoma plans another news conference in the coming days. The Democrat from Oklahoma City plans a news conference Nov. 2 at 11a.m. at the state capitol. The announcement said it will be held “to hear …
GE in Talks to Merge with Baker Hughes
Whether GE and its new Oklahoma City Oil and Gas Research Center will one day be in partners with Baker Hughes is one thing., But the Wall Street Journal’s Market Watch reports the two are in talks to former a merger—-GE’s oil-and-gas business with the Houston based company. GE is the one that went asking, …
Conoco Took $1 billion Third Quarter Hit
Conoco took a $1 billion third quarter hit but company leaders still contend the firm has momentum entering the 4th quarter. “Our underlying business performance is delivering strong momentum as we had into 2017,” said Ryan Lance, Chairman and CEO. The $1 billion loss was about 9 percent less than a year ago. The company, …
Groups Fighting Proposed Nuclear Waste Storage Site in West Texas
Four national and state groups are fighting a plan to consider a short-term nuclear waste storage site in west Texas. The groups, Beyond Nuclear, Nuclear Information and Resource Service, Public Citizen and Texas-based Sustainable Energy and Economic Development Coalition want the US Nuclear Regulatory Commission to terminate its review of the license application. The application …
Laid-Off Halliburton Workers Eligible for Federal Jobless Help
The State Employment Security Commission says laid-off workers at Halliburton Energy Services Inc. technology Duncan are now eligible for the Trade Act program by the U.S. Department of Labor. The act is meant to provide help to those who lose jobs or significant work hours because of increased imports or a shift in production …
Devon CEO Talks of 4,000 barrel a day Oil Wells in STACK
Wells testing close to 4,000 barrels a day in Oklahoma’s STACK? It’s what Devon Energy CEO Tony Vaughn was talking about Thursday when he delivered an afternoon keynote address at Hart Energy’s DUG Midcontinent convention in Oklahoma City. “A very special position—a very special play,” he told the audience at the Cox Convention Center, explaining …