Chesapeake Manufacturing Subsidiary Lays Off 98 Employees

Compass

A Chesapeake Energy Corporation subsidiary laid off 98 employees on Tuesday as part of the continued oil and natural gas industry slowdown.

Oklahoma City-based Compass Manufacturing L.L.C. designs, manufactures, installs and sells natural gas compressor equipment. The company was formed in 2007 to supply Chesapeake Energy Corporation and MidCon Compression with natural gas …

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Oklahoma Legislature Attempts to Cap At-Risk Energy Tax Credit with Newly Filed Senate Bill 1577

OKCapitol

A new bill filed Monday with the Oklahoma Legislature would limit claims for economically at-risk oil and gas leases to 2014 production and prohibit rebates after the end of the year.

Senate Bill 1577 was filed by Senate President Pro Tempore Brian Bingman, R-Sapulpa, and House Speaker Jeff Hickman, R-Fairview. The bill limits …

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Oklahoma’s in Bottom Tier of States for Working Moms

womenoilpatch

 

When it comes to the best states for working moms, whether it’s in the oil patch, coal mines or electrical crews, Oklahoma is in the bottom tier of the states according to a survey by WalletHub.

The organization said Vermont’s number one while Oklahoma is ranked 36th based on 13 metrics including day-care, …

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Solar Powered Plane Set to Fly to Midwestern U.S.

solarimpuse2

The solar-powered airline that landed on the west coast of the United States just a week ago flew to Phoenix, Arizona on Monday, safely completing the 10th leg of its round-the-world quest.

Solar Impulse 2’s crew will now prepare for a flight to somewhere in the Midwest. The plane, with wings stretching wider than those …

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Reuters: Energy Transfer Taking Steps to Renegotiate Williams Acquisition

ETEWilliamsMerger

Energy Transfer Equity is taking steps that may enable it to renegotiate its $20 billion cash-and-stock acquisition of Williams Companies, Inc., Reuters reported late Monday evening.

The companies are seeking to reduce the number of days specified for completing some of the deal’s administrative requirements, which would give them time to engage in renegotiation …

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Broken Arrow’s Zeeco Inc. Confirms Layoffs

Zeeco

The slumping energy sector has claimed more local jobs, according to the Tulsa World.

Zeeco Inc., a Broken Arrow-based manufacturing company with a global presence, held a round of layoffs Friday, the company confirmed Monday. The provider of combustion equipment and advanced environmental systems says that the cuts are a result of the …

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Coal Demand Tumbles in Oklahoma and Rest of the Nation

coaltrain

Ever since the election of President Obama, the nation’s use of coal to generate electricity has tumbled 29 percent from its peak of 1,045 million short tons. The latest figures show coal use has dropped in every state including Oklahoma where the amount of coal used in the coal-fired electric generating plants is …

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OGE Heads to Corporation Commission with $92 million Rate Hike Request

oge

 

An administrative law judge will begin Tuesday what could be a several-week long hearing into a more than $92 million rate hike request by OG&E. The request was filed weeks before the utility won approval in a controversial Corporation Commission decision on making $500 million in environmental improvements to the firm’s coal-fired Sooner …

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May Will Bring an End to Any Remaining Drought Areas of Oklahoma

droughtoutlook

May is expected to bring an end to any remaining areas of Oklahoma still under a drought, according to the latest Oklahoma Mesonet Report.

“The precipitation outlook is bullish on above-normal precipitation across all of Oklahoma, but especially the southwestern two-thirds,” said Gary McManus, State Climatologist in the Monday edition of his daily …

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Major Traffic Headaches Coming for OKC’s I-235 Drivers

I235highway

 

State Transportation Commissioners will meet Monday to consider the single largest contract in the history of the Oklahoma Department of Transportation. Commissioners are expected to vote on approval of an $81 million contract with possible financial incentives for the project to reconstruct and widen I-235 and replace the NW 50th Street and …

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