THE JOURNAL RECORD

Resource for Oklahoma that specializes in business, legislative, and legal-related information sources. It gives daily updates and opinion on real estate, energy, finance, capitol, and law.

Articles from May 1, 2013

A Mixed Bag: OKC-Based Devon Reports 1Q Loss, Higher Oil Production
Devon Energy Corp. reported mixed results on Wednesday for the first quarter of 2013. Petroleum production exceeded the company's guidance, but lower commodity prices caused the company to take a write-down of nearly $2 billion. Also, the company will...
A Shining Moment for Oklahoma's the Little Light House: Nonprofit Receives 2013 Charles Schusterman Award
Since 1972 The Little Light House has been providing service to children with special needs including autism, Down syndrome and cerebral palsy.The founders raised $3,000 to start the nonprofit agency.From that beginning, The Little Light House has grown...
Commentary: Charity Inc.: Preparation Counts
American author Stephen King said "there's no harm in hoping for the best as long as you're prepared for the worst." And living in Oklahoma, we tend to be ready for life's curveballs. But what happens when those curveballs are a devastating fire, a tornado...
Commentary: Prosperity Policy: Poppycock
Girls are bad at math. Coffee stunts your growth. It takes seven years to digest gum after you've swallowed it. And tax cuts pay for themselves.Like other myths and legends, this last one is still widely asserted. But unlike the others, the idea that...
Commercial Real Estate Companies Merge in OKC
OKLAHOMA CITY - One of the next companies to move to downtown is expected to be the newly formed Newmark Grubb Levy Strange Beffort commercial real estate firm."We'll move downtown by the end of the year," said Mark Beffort, CEO of Newmark Grubb Levy...
Couch Not Worried about OKC Sales Tax Dip
Oklahoma City's general fund sales tax declined for the first time in 18 months in April, according to the municipality's latest report from the Oklahoma Tax Commission.Oklahoma City's sales tax remittance for April was down 4.2 percent compared with...
Despite Debate, Tax-Cut Bill Passes Okla. House
A bill that would lower the state's top income tax rate passed the Oklahoma House of Representatives Wednesday evening, but not before Democrats peppered supporters with questions and debate.House members voted 65-25 in favor of the tax cut. The measure will...
Fraudulent Billing Alleged in Tulsa OB/GYN Lawsuit
Tulsa OB/GYN Associates is accused of fraudulent billing practices in a Tulsa County District Court wrongful termination lawsuit.Deann Keesling filed the claims April 25, seeking not just allegedly lost front and back pay, but also compensatory damages from...
It's a Living: Festival and Programming Director, deadCENTER Film Festival, OKC
Film aficionado Kim Haywood probably won't be watching the blockbuster Iron Man 3 movie any time soon. Likewise, the big- screen interpretation of The Great Gatsby.This time of year, the only cinema on Haywood's mind is deadCENTER in the heart of Oklahoma...
New Rail Park in Alva Expects Variety of Business
Officials at the 508-acre Avard Regional Rail Park Authority expect to see a variety of business at the park."We are looking at diversity, but of course those will rally around the agriculture and energy sectors, which are what our communities have been...
OKC-Based Chesapeake Earnings Beat Street Expectations
Chesapeake Energy Corp. beat Wall Street and analysts' expectations with its first-quarter financial results on Wednesday. A late winter helped boost natural gas prices and oil production rose 56 percent from the same quarter in the previous year. But...
OKC Convention Center Hotel Subsidy Considered
City officials have started looking closely at whether a new convention center hotel will require public subsidies for development.The Alliance for Economic Development is expected to ask City Council members this month to support a hotel market study,...
OKC Events: May 1, 2013
Annie Oakley's coming back this summer to meet Nadia Comaneci for lunch. Not in person, of course. Annie Oakley is the name of an early-day cowgirl and entertainer and also a society that raises money to benefit projects at the National Cowboy & Western...
Oklahoma City-Based OGE, CenterPoint Complete Partnership
CenterPoint Energy, OGE Energy Corp. and ArcLight Capital Partners have completed the formation of the a partnership that includes CenterPoint Energy's interstate pipelines and field services businesses and the midstream business of Enogex LLC, an OGE Energy...
Oklahoma County Bar Association Celebrates Law Day
As members of the Oklahoma County Bar Association sat down for lunch on Wednesday at the annual Law Day Awards Luncheon, they were met by a friendly grin coming from an unusual addition on the formal table - a stuffed animal.The creature was one of the...
SemGroup Buys Assets from OKC-Based Chesapeake
SemGroup Corp. has purchased interests in gas gathering and processing assets in the Mississippi Lime play for $300 million in cash, the company said on Wednesday.Tulsa-based SemGroup announced the purchase of interests of Mid- America Midstream Gas...