Layoffs are growing in the Permian Basin of West Texas as the region’s employment has dropped 400 in the first ten months of 2019. Bloomberg News calls it a “drag on jobs creation in the Lone Star state” and a “massive change” from the 16,700 jobs added through the same time period last year. The …
Oklahoma oilman and billionaire Harold Hamm has come out early in his support of one of the Republicans he hopes will unseat first-term Democratic Representative Kendra Horn. Hamm sponsored a fundraiser scheduled for Tuesday in support of David Hill, the Edmond businessman who announced his candidacy in November for the 5th District U.S. House race. …
With a slight uptick in unemployment and a growing drop in oil and gas employment in Oklahoma, a question is being asked—Is Oklahoma’s economy still growing? The answer given by Chad Wilkerson, Vice President and Executive of the Oklahoma City branch of the Federal Reserve Bank is mixed. He spoke recently at an Oklahoma State Senate …
The Oklahoma Corporation Commission will hold a regular meeting Tuesday morning to handle a daily-signing agenda and a 24-hour signing agenda. Two of the issues on the 24-hour signing agenda include a request by Redwire Inc. to be recognized as an eligible telecommunications carrier in the state. The second item is a public hearing on …
Officials monitoring the burning fires at a chemical plant in Port Neches, Texas say they have found no indication of asbestos in the air. The all-clear has been given and nearby residents were allowed to return to their homes over the weekend. But late Saturday, another distillation tower at the TPC Group facility toppled and …
** Former EPA Administrator William Ruckelshaus died last week at the age of 87. He was the first-ever administrator of the Environmental Protection Agency and served from its founding in 1970 through 1973 and then again from 1983 to early 1985. ** Solar energy’s growth is demonstrated by the number of stories about how it’s being …
Wildfire conditions improved this week after last week’s disastrous fires in northwest Oklahoma. The Oklahoma Forestry Department anticipates wetter conditions as rain is in the forecast for later in the week. The department’s latest Burn Index map shows only a few areas of the state where there might be some concerns about the potential for …
Oklahoma Treasurer Randy McDaniel is out with his November economic newsletter highlighting the positive outlook given by Moody’s for the state’s economy. “The state’s improved fiscal condition is being recognized nationally,” stated McDaniel in the newsletter. “Our efforts to increase reserves, eliminate structural deficits, improve pension finances, and diversify the state’s economy are working.” Moody’s pointed to a number …
The world’s leading gold company, Denver, Colorado-based Newmont announced the start of a $1 billion repurchase program. The Board of Directors unanimously approved the authorization of the stock program to be completed in the next 12 months. The program will be executed at the Company’s discretion, utilizing open market repurchases to occur from time-to-time throughout …
Tulsa’s Unit Corporation announced this week the extension of the Early Tender Date for its previously announced offer to exchange senior notes. The extension was announced after the offer resulted in $162.5 million in notes that had been exchanged as of Nov. 29, 2019. The offer applies to the company’s outstanding 6.625% Senior Subordinated Notes …