After threatening to leave San Antonio, Halliburton Co. has reached an agreement with the city to remain there. The company had talked of moving its Eagle Ford Shale operation out of the city contending it was being taxed unfairly. The San Antonio Express-News reports that under a complex deal struck in 2016, the Houston-based oil-field …
The Denver Federal Appeals Court has handed a setback for an Oklahoma firm that filed suit claiming a breach of contract against PetroChina Canada. The U.S. 10th Circuit Court of Appeals upheld a district court ruling that dismissed the suit and said it should be heard in Canadian courts. The legal fight stemmed from PetroChina’s …
After reporting total revenues of $1.7 billion for 2018, Oklahoma City-based Mammoth Energy Services, Inc. made a filing with the U.S. Securities Exchange Commission. In the filing, the company not only made available its financial information, it also explained that it still has workers in Puerto Rico trying to restore electrical power from Hurricane Maria. …
Tank fires burned all day on Sunday and into Monday morning at a bulk liquid storage facility managed by Intercontinental Terminal companies near petrochemical complexes south of Houston. It was before 11 on Sunday morning when the naphtha tank caught fire and it spread to a Xylene tank late Sunday night. The Harris …
Amazon announced it will fund computer science courses in more than 1,000 high schools across all 50 states and the District of Columbia reaching tens of thousands of students from underprivileged, underrepresented, or underserved communities, through its Amazon Future Engineer program. Thirty of the schools are in Oklahoma. Of the more than 1,000 high schools, more than …
Key Energy Services, Inc., the Houston firm with a regional field office in El Reno, Oklahoma not to mention 7,500 employees worldwide reported fourth quarter 2018 consolidated revenues of $117.2 million. But it also said it suffered a net loss of $23.1 million or $1.14 a share as the industry experienced a decline in …
Tulsa’s NGL Energy Partners LP announced a distribution for the quarter ending March 31,2019. The company’s board o directors declared a 56 cent distribution to be paid to the holders of the Partnership’s 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units. They will be made on April 15, 2019 to holders of record …
A county-by-county breakdown of jobless rates in Oklahoma in January show unemployment was down in 64 of the state’s 77 counties. The Oklahoma Employment Security Commission reported rates were higher in 6 counties and were unchanged in 7 counties. McIntosh County was highest at 6.9% while Cimarron County in the Panhandle was lowest with a …
Typically most earthquakes in Oklahoma have occurred in the northern reaches of the state or central, but the Friday night quake was recorded due west of Oklahoma City. The U.S. Geological Survey recorded it was a 2.4 magnitude quake with an epicenter about 5 miles west of Minco or 14 miles southwest of El Reno. …
Repairs are still being made from the 2017 Ice Storm named Jupiter that hit northwest Oklahoma. The California-based RES System 3, a firm that contracts for electrical repairs is asking for bids to repair nearly 380 miles of distribution power lines in Woodward and Ellis Counties. Newspaper advertisements by the company indicated the work would …