Tulsa aircraft engine-maker NORDAM Group announced it has filed Chapter 11 bankruptcy reorganization and protection. The company made the announcement Sunday night, indicating that its foreign subsidiaries and affiliates were not part of the filing. “The action comes following a protracted contract dispute with Pratt & Whitney Canada regarding the PW800 nacelle system used in …
Cathy Costello has picked up another endorsement in her run-off for the GOP nomination for Oklahoma Labor Commissioner. State Sen. Larry Boggs, the former Director of the Oklahoma Farm Bureau came out with his support. “Cathy Costello best represents the conservative values of rural Oklahoma and she knows what it takes to create good jobs,” …
A move by Kingfisher County Commissioners in the heart of Oklahoma’s STACK play to restrict the use of temporary water pipes has led to a water fight with at least one oil company. Newfield Exploration has found itself spending a lot of money in a fight it didn’t anticipate according to a report in the …
OKLAHOMA CITY, OK (July 21, 2018) – Utah Jazz’s Ekpe Udoh reached a significant milestone in his efforts to make urban communities healthier. During a launch party in Edmond, OK, his hometown, on Saturday, July 21, Udoh showed off his first hydroponic container crop full of kale, spinach and other greens. Udoh hopes his container …
Oklahoma’s unemployment rate improved in June to 3.9% compared to 4.3% reported in June 2017. The Oklahoma Employment Security Commission indicated the state’s jobless rate is better than the national rate of 4%. It means Oklahoma has a labor force of 1,859,061 and 1,786,898 are working. The number of those who are not working total …
A boil order has been issued for residents near Laverne in the Panhandle. The announcement was made Friday from the State Department of Environmental Quality. “The Oklahoma Department of Environmental Quality (DEQ) has advised the Select 9 Site Public Water Supply (PWS), located outside of Laverne, to inform users of its drinking water to use water that …
Both Oklahoma and the nation reported a drop in the number of oil and gas rigs actively drilling in the past week. Oklahoma’s count dropped by 3 to 138 while the nation’s count slipped by 8 to reach 1,046. The national count included 5 fewer oil rigs to reach 858 and 2 fewer gas rigs, …
Short and sweet. It’s the announcement by Devon Energy that it’s eliminated the position of Executive Vice President of Administration. In Friday’s SEC filing, the company said the move was made July 16 and will be effective Aug. 1. As a result, R. Alan Marcum will lose his job but will remain with the company …
Oklahoma City’s Chesapeake Energy reports its board of directors has declared a one-cent dividend on its outstanding convertible preferred stock issues for the quarter. The penny dividend covers four different stocks ranging from 4.50%, 5%, 5.75% and the 5.75% series A. The 4.50% will be paid September 15 while the remaining three preferred stock issues …
Oklahoma’s members in the U.S. House were among those who passed a nonbinding measure denouncing a carbon tax, saying it was “detrimental” to the nation. Reps. Tom Cole, Frank Lucas, Markwayne Mullin and Steve Russell joined 225 others in the House in support of the resolution which said a tax on emissions of carbon dioxide …
