Thursday was “Global Day of Action” in downtown Oklahoma City where about 50 protesters gathered in support of the Standing Rock Sioux fighting the Dakota Access Pipeline in North Dakota. Speakers urged people to withdraw money from banks and other businesses that have financial involvement in the $3.8 billion pipeline that will carry out from …
The U.S. Interior Department’s putting up a fight against the Chapter 11 reorganization plan filed by Tulsa-based Samson Resources. It filed an objection this week to what the creditors are proposing. The filing was made in the U.S. Bankruptcy Court for the District of Delaware where Samson filed bankruptcy in September of last year. Among …
Figures from the State employment experts show unemployment rose in 68 of Oklahoma’s 77 counties in October compared to a year ago and some of the blame fell on the energy industry. Unemployment rates were unchanged in four counties and lower in five others, according to an announcement from the Oklahoma Employment Security Commission. Stephens …
Oklahoma oil billionaire Harold Hamm raked in $3 billion more this week when oil prices rose following OPEC’s decision to cut oil production by one percent beginning Jan. 1. As Bloomberg News pointed out, “Harold Hamm, the wealthiest energy billionaire in the U.S. became $3 billion richer Wednesday morning when shares of his Continental Resources Inc. …
The economies in Oklahoma and 8 other Midwest and Plains states are improving but remain weak according to the latest Mid-America Business Conditions Index report. Issued by Professor Ernie Goss at Creighton University, the index indicated the overall economic index for the region rose to 46.5 in November from 43.8 in October. Goss, an economics …
While OPEC’s decision to cut oil production for the first time in 8 years won’t take effect until Jan. 1, Sen. James Lankford says it’s an indication the OPEC countries are suffering. “It signals to the world that many nations like Russia,Saudi Arabia and Venezuela are starting to feel the real pressure of these down …
A local Standing Rock tribal coalition is organizing a demonstration in downtown Oklahoma City for Thursday morning. The Global Day of Action is set for 9 a.m. at Kerr Park located at the corner of Robert S. Kerr Avenue and North Broadway Avenue. Organizers will accept supply donations which will be delivered to Standing Rock. Oklahoma …
While the announcement of OPEC’s production cut was made in Vienna on Wednesday, news traveled fast creating a surge in the domestic crude oil futures market for the day. In Oklahoma, the OPEC deal is considered good news for oil and natural gas producers. For the past few years, Oklahoma producers decreased output for economic …
The Williams Companies announced Wednesday that it is closing its Oklahoma City office effective July 30, 2017, citing consolidation efforts to simplify structure and operational alignment. The energy company confirmed it will relocate a majority of the 400 jobs to the Tulsa headquarters or other Williams locations, according to a company press release. “We also …
