Seagate Technology reported flat second-quarter fiscal 2020 earnings. With operations in Oklahoma City, the hard-disk drive manufacturer had non-GAAP earnings of $1.35 a share which were down nearly 11% from a year earlier. Revenues were $2.696 billion which were down 0.7% from a year ago. But the company’s production increased in the quarter. During …
A filing this week with the U.S. Securities and Exchange Commission shows New York investment firm BlackRock Inc. now owns nearly 8% of Devon Energy. The filing indicated BlackRock Inc. had total ownership of 29,843,172 shares. But its sole voting power was 25,647,070 shares. Its share ownership totals 7.8% of the Oklahoma City energy company. …
Many of those deals cut by Amazon, Facebook, Walmart and numerous other national companies for electricity from wind farms in Oklahoma make up a new report on 2019’s Top 10 Large Energy Buyers. Two of the top-ten companies have major power purchasing contracts in Oklahoma. The report from the Renewable Energy Buyers Alliance showed …
Guymon’s Seaboard hog slaughtering plant is getting a $100 million expansion, thanks to a recent decision by the Guymon City Council to approve a second Tax Increment Finance district for the operation. It’ll result in increased energy needs, both for the plant and for the transportation of millions of animals to the operation. The expansion …
** The board of directors of Phillips 66 has declared a quarterly dividend of 90 cents per share on Phillips 66 common stock. The dividend is payable on March 2, 2020, to shareholders of record as of the close of business on Feb. 18, 2020. ** The Board of Directors of Murphy Oil Corporation declared a quarterly …
There were 24 mining fatalities in the U.S. in 2019 including one in Oklahoma, the U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) reports. This is the fewest annual fatalities ever recorded, and only the fifth year in MSHA’s 43-year history that mining fatalities were below 30. MSHA is still reviewing two …
A filing with the Securities and Exchange Commission this week shows a New York investment firm owns more than 10% of the shares in Tulsa-based ONEOK. The filing was made Tuesday by ONEOK and indicated BlackRock Inc. now owns 10.35% of the company’s shares. Its total ownership is 42,675,245 shares while its sole voting power …
In announcing plans to cut its Oklahoma City headquarters workforce by nearly half, SandRidge Energy made sure to notify the U.S. Securities Exchange Commission. It made a brief Form 8-K filing with the SEC on Tuesday, “SandRidge Energy Inc. Announces Issuance of WARN Act Notice. SandRidge Energy, Inc. today announced that it has issued Workers …
The Chesapeake well blowout and fire that has now claimed the lives of three workers in South Texas is being probed by at least two federal agencies as well as a Texas agency. Investigators for the Occupational Safety and Health Administration and the Chemical Safety Board were in Burleson County this week at the …
State Rep. David Perryman (D-Chickasha) has filed legislation to help protect the public from railroad-related accidents in Oklahoma by requiring a minimum of two crew members on a freight train. House Bill 2874, currently pending in the House Transportation Committee would require all freight trains running in Oklahoma to be operated by a crew …