As the coronavirus spreads throughout the U.S. and Americans are encouraged to stay home and do their shopping by mail, it means more jobs at Amazon including 1,400 more in Oklahoma. The company announced this week plans to hire another 100,000 full-time and part-time workers. The 1,400 additional workers in Oklahoma City will join …
The Toro Company, the new parent company of Oklahoma-based Ditch Witch in Perry declared a regular quarterly cash dividend of 25-cents a share. The dividend will be payable on April 9, 2020 to shareholders of record on March 30, 2020. Based in Minnesota, The Toro Company took over Ditch Witch in a $700 million deal …
A new report by the Solar Energy Industries Association shows solar energy growth occurred in 2019 across the nation but not in Oklahoma, even as some legislators attempted to emphasize energy legislation. The report showed solar accounted for nearly 40% of all new electricity generating capacity added nationally last year, which is the largest annual …
Effective Wednesday, March 18, the lobby of the Office of the State Treasurer will be closed to the public until further notice, State Treasurer Randy McDaniel announced. McDaniel said the action is being taken to limit the spread of COVID-19, protect the health of the public and treasury employees, and ensure continuity of operations. …
Tulsa’s Unit Corporation reported losses of $335 million or $6.33 per diluted share in the fourth quarter of 2019 and $553.9 million or $10.48 per diluted share for the year. The 2019 losses compared to $45.3 million or 87-cents per diluted share for 2018 and came despite a 12% year-over-year increase in oil production and …
The largest oil producer in South Texas, EOG Resources Inc., a firm that also explores Oklahoma’s STACK and SCOOP plays is cutting its 2020 spending by nearly a third because of the sharp drop in oil prices. The company announced it is reducing projected annual spending by 31% or $2 billion to $4.3 billion to …
As Saudi Arabia instructs Aramco to boost oil production levels to unseen levels, crude oil prices have tumbled to prices not seen since 2016 in the U.S. West Texas Intermediate crude, set at the tank storage facilities in Cushing, Oklahoma, dropped $1.75 to $26.95 per barrel. Brent Crude in London fell $1.23 to …
Tulsa’s WPX Energy says it’s cutting its 2020 spending by $400 million or 25% as oil prices continued to fall because of a lack of demand and the impact of the coronavirus. Company leadership says it has the flexibility to cut more if necessary. “We will continue to assess the market and adjust our activity …
In order to help stop the spread of the coronavirus, the Oklahoma Employment Security Commission (OESC) is encouraging claimants to use the internet to file Unemployment Insurance claims. Information about Oklahoma’s Unemployment Insurance system can be found on the agency website at: https://www.ok.gov/oesc/. In addition to online claim filing, the website contains other information, such as …
Every military installation in Oklahoma now falls under an expanded site list from the Defense Department as it investigates more than 650 sites with suspected contamination from toxic “forever chemicals” used for decades in military firefighting foam. And it includes National Guard facilities at Oklahoma City’s Will Rogers World Airport and the Tulsa International …
