The U.S. Senate could vote this week on the Water Infrastructure bill introduced by Oklahoma U.S. Sen. Jim Inhofe in a move to increase water storage in the West and making the Army Corps of Engineers more transparent. The Senate Environment and Public Works Committee unanimously approved the measure in May in a bipartisan effort. …
Tulsa’s WPX Energy announced this week an anticipated conversion rate for some of the firm’s preferred stock. The rate applied to WPX Energy’s 6.25 percent Series A Mandatory Convertible Preferred Stock issued July 22, 2015. The company has nearly 4.8 million shares of preferred stock outstanding. Holders of the preferred stock are expected to get …
Tulsa’s Williams Partners L.P. announced this week a quarterly distribution of 63 cents a share. The new amount is a 2.4 percent increase from the partnership’s previous quarterly distribution of $0.614 per unit paid in May 2018. The board of directors okayed the distribution which will be payable on Aug. 10 to common unitholders of …
Key Energy Services, Inc. based in Houston is planning to release its second quarter 2018 financial results on Aug. 8. A firm with extensive operations throughout Oklahoma, Key Energy plans to release the results after the market close on that Wednesday. Its management will hold a conference call to discuss the results on Thursday, Aug. …
With six weeks remaining in the Democratic and Republican run-off elections for Corporation Commissioner, one thing is clear. The two Republican candidates received vast more campaign money from contributors than did either of the two Democratic candidates. The last campaign contribution report filed by the four candidates was in June immediately prior to the June …
A Lawton, Oklahoma Burger King franchise violated federal law when it refused to hire a man as a dining room attendant because he had suffered a traumatic brain injury and needed a job coach to assist with his training, the U.S. Equal Employment Opportunity Commission charged in a lawsuit filed Monday. According to the EEOC, the job coach …
The gasoline website GasBuddy reports gasoline prices in Oklahoma City dropped 2 cents a gallon in the past week reaching an average of $2.51 a gallon. This week’s statewide average is $2.58, down 2 cents. Nationally, the new average dropped nearly 4 and a half cents to hit $2.82 per gallon. A year ago, Oklahoma …
Oklahoma U.S. Sen. James Lankford joined forces recently with two other Senators in introducing a measure to allow federal agencies to lease construction equipment rather than purchase it. He and Sens. Gary Peters (D-Michigan) and Rand Paul (R-Kentucky) introduced what they call the Federal Acquisition Savings Act of 2018. It would require federal agencies to …
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 …