The Oklahoma Oil & Gas Association (OKOGA) celebrated the end of the legislative session with a Sine Die event at the Harn Homestead in Oklahoma City. The Oklahoma Youth Expo (OYE) and the Oklahoma Institute for Child Advocacy (OICA) each received a $7,500 check from OKOGA to help the organizations fulfill their missions to support children. “OKOGA is passionate about …
Nine Energy Service, a Houston-based oilfield services company with operating facilities in Oklahoma’s SCOOP and STACK reported first quarter revenue of nearly $174 million. In an earnings report released this week, the company also said net income was $1.7 million while adjusted earnings before interest, taxes, depreciation and amortization came to $24.1 million. The first …
As one of the Oklahoma legislature’s leaders in forming a new state budget, State Senator Kim David, a Republican from Porter maintains a hike in gasoline taxes is necessary to funding good roads. Interviewed for the State Treasurer’s monthly Oklahoma Economic Report, the Chair of the Senate Appropriations Committee claimed that much of the coming …
Gasoline prices in Oklahoma and across the nation jumped several cents a gallon, largely due to the President’s decision to pull out of the Iran nuclear arms deal and re-impose sanctions on the country. Oklahoma’s prices jumped from an average $2.54 last week to $2.61 this week. Nationally, the average rose six cents to reach …
OSHA has cited Oklahoma City’s Complete Energy Services Inc. and DCP Midstream L.P. of Denver and proposed more than $79,000 in fines over the deaths of two workers in a fire at a gas pipeline. The U.S. Occupational Safety and Health Administration in Denver announced the $79,004 fine following the deadly incident which happened November …
The Oklahoma Ethics Commission says it has reached a settlement agreement with the Associated General Contractors Oklahoma PAC after the PAC self-reported violations of state laws. The Commission voted recently to approve the agreement after the PAC admited it deposited more than $12,000 of contributions into the wrong account. The PAC also admitted to receiving …
Houston-based Key Energy Services announced the sudden resignation this week of President and Chief Executive Officer Robert Drummond. He notified the company on Friday of his designation to resign to pursue another opportunity. Key Energy, a company with regional offices in El Reno, Oklahoma and operations throughout Oklahoma named current Senior Vice President and Chief …
In the battle of the boards between Oklahoma City’s SandRidge Energy and activist investor Carl Icahn, Icahn has made the latest move. He has nominated two more directors to the energy company’s board. After the Board rejected his nomination of five board members, Icahn threw in the names of Nancy Dunlap and Jonathan Christodoro as …
The Oklahoma City Economic Development Trust meets Tuesday to consider a $1.7 million incentive to bring Amazon’s fulfillment center to the metro area. The $153 million center would create an estimated initial 53 jobs with a starting annual salary of $60,000 but eventually, total employment would be close to 1,750. Plans call for the 2.6 …
The U.S. House Energy and Commerce Committee recently voted to send two bills by Oklahoma Congressman Markwayne Mullin to the floor of the house. Both focus on the opioid crisis. House Resolution 3528 is the Every Prescription Conveyed Securely Act which will require e-prescribing for prescription drugs recognized as controlled substances under the Medicare Part …