DEQ focuses on medical marijuana waste disposal

The Oklahoma Department of Environmental Quality has a new focus…medical marijuana waste disposal management. It is the result of the legislature passing the Oklahoma Medical Marijuana Waste Management Act or SB 882 in the just-concluded 2019 legislative session. The act allows for the issuance of up to 10 licenses in the first year of the …

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Labor Department secures huge increase in unpaid wages

The State Labor Department announced the amount of unpaid wages and benefits awarded Oklahoma workers in fiscal year 2019 was nearly double the previous fiscal year. And it said the increase was due in large part to claims brought against struggling healthcare providers and municipal hospitals. The Wage and Hour Division paid $839,909 in unpaid …

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More credit cards accepted by Oklahoma regulators

The Oklahoma Corporation Commission announced it has started accepting more credit cards under its processing system. Beginning July 30, the OCC’s IFTA and IRP system started accepting VISA and American Express credit card payments for IRP, IFTA, Trip, Fuel and Unladen permit bills. It previously had accepted MasterCard and Discover card payments. The new credit …

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Sen. Inhofe secures increased transportation funding for Oklahoma

U.S. Sen. Jim Inhofe (R-Okla.), senior member of the Senate Environment and Public Works (EPW) Committee, praised the unanimous committee passage of America’s Transportation Infrastructure Act of 2019 and announced provisions in the legislation that will benefit Oklahoma. Inhofe’s provisions focus on the future of Oklahoma, specifically: sufficient funding to prioritize Oklahoma highway projects, using freight dollars …

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Strong revenue growth reported by ONEOK

ONEOK, Inc. announced higher second-quarter 2019 financial results, compared with the second quarter 2018, and maintained 2019 financial guidance. The company saw an 11 percent increase in net income to $312 million or 75 cents per diluted shares compared to the first quarter of 2019. Its adjusted EBITDA totaled $632.4 million which was a 5 …

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Increased revenue reported by Baker Hughes Co.

Baker Hughes Co. reported increased second quarter 2019 revenue of $6 billion, up 7 percent from the first quarter and 8 percent better than a year ago. The company said it had orders totaling $6.6 billion which was a 15 percent increase over the previous quarter and 9 percent more than the second quarter of …

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4,900 barrels of oil a day from 6 Devon Energy wells in Kingfisher county

Devon Energy scored big in Kingfisher County, one of the three major counties comprising the STACK. The company reported two multi-well sites on a single pad this week out of the Mississippian formation with the largest well producing nearly 2,100 barrels of oil a day. But the six wells, sitting in adjacent sections had combined …

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Tulsa federal judge sends Pawnee earthquake lawsuit back to Pawnee

For a second time, a U.S. District Judge in Tulsa has ordered a lawsuit filed against energy companies blaming them for causing a 5.8 magnitude earthquake near Pawnee, Oklahoma, to be sent back to a Pawnee County District Court. Judge Gregory K. Frizzell issued the ruling this month in a lawsuit filed in 2016 by …

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Osaka Gas to buy Sabine Oil in $610 million deal

  Osaka Gas Co Ltd announced it intends to buy U.S. shale gas developer Sabine Oil and Gas Corp for $610 million as the Japanese company looks to expand its overseas business for future growth, according to a Reuters  report. The deal marks the first acquisition of a U.S. shale gas developer by a Japanese …

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Record revenues reported by Cummins

Cummins Inc. today reported record results for the second quarter of 2019 but company leaders also believe revenue for the rest of the year will be flat. Second quarter revenues of $6.2 billion for the engine builder with operations in Oklahoma City, increased 1 percent from the same quarter in 2018. Increased truck production in …

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