An estimated 2,000 contractors are working to finish one of the latest pipelines being built to take the pressure off the Permian Basin oil and gas challenge. The Shin Oak Pipeline was announced last spring but it won’t be finished until the middle of next year. The line is 658-miles in length and will …
With offices and operations throughout Oklahoma, Schlumberger announced revenue of $8.3 billion for the second quarter of 2018. That’s a 6% increase over the first quarter of the year. Pretax operating income totaled $1.1 billion, which was a 12% increase over the first quarter of 2018. The revenue ending the first quarter was $7.8 billion …
San Antonio’s NuStar GP Holdings, LLC, and NuStar Energy L.P. announced Monday the completion of a merger of NuStar GP with a subsidiary of NuStar Energy. It’s a move to simplify corporate operations. The company has major operations in Oklahoma and with the completion of the merger, NuStar Holdings has merged with an into a …
While many companies are issuing their second quarter earnings reports, Tulsa-based NGL Energy Partners LP plans to release its fiscal first quarter report on Tuesday, Aug. 7. The information will be made available before the start of markets. Afterward, NGL’s management team will host an earnings call at 10 a.m. CDT to discuss the financial …
Halliburton Company reported early Monday its second quarter 2018 earnings from continuing operations totaled $511 million or 58 cents a share. It’s nearly eleven times more than the $1 million reported in the first quarter of the year. Operating income for the second quarter was $789 million compared to $354 million in the first quarter. …
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 …