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 January 27, 1997

Analysts Predict GM Earnings Will Plunge Due to Union Strikes
DETROIT -- General Motors Corp. is expected to post sharply lower fourth quarter earnings because strikes by union workers disrupted North American production and cut profits by $700 million.The world's largest automaker is expected on Tuesday to report...
Building Program Target: A Million Square Feet Woodward Gets to Be First at Bat in a Companion Program to the Oklahoma Quality Jobs Act
Five months ago, Woodward officials took a look around town and found that they had little space. It wasn't raw land they lacked, but a commercial/industrial building of sufficient size to attract new businesses.They voted then to jump on the first chance...
Business Calendar
Information for the Business Calendar should be sent to Jim Powell, The Journal Record, P.O. Box 26370, OKC, 73126-0370, or by fax to 278-2890. Jan. 28Okla. Manufacturing Resource Network January meeting, 10 a.m., at the Business and Industry Seminar...
BUSINESSWorld
Nibbling less in flightNEW YORK (NYT) -- It is an oft-heard complaint that airlines are serving less food to travelers. Statistics suggest the complaints are justified. In the fall of 1996, for example, the nation's 10 largest airlines spent an average...
Civil
(CV72253J)NOTICE BY PUBLICATIONNo. CJ-97-271 In the District Court within and for Oklahoma County, State of Oklahoma. Metropolitan Life Insurance Company, Plaintiff, vs. Jim A. Turley, et al., Defendants. THE STATE OF OKLAHOMA TO: Arthur A. Johnson,...
Classic Cars Highlight Auction
Deep-throated rumbling of classic V-8 engines will heighten ambient auditory responses around Oklahoma City next month.There could even be a few V-12s and V-16s thrown in to enhance the nostalgia-stirring cacophony as classic, collector and muscle cars...
Corporation Commission
(CD72232G)NOTICE OF HEARINGCause CD No. 970 000364 Before the Corporation Commission of the State of Oklahoma. Applicant: Lee Energy, L.L.C. Relief Sought: Location Exception. Legal Description: E/2 SW/4 of Section 9, Township 1 North, Range 21 ECM,...
Corporation Commission
(CD72235G)NOTICE OF HEARINGCause CD No. 970 000323 Before the Corporation Commission of Oklahoma. Applicant: Vastar Resources, Inc. Relief Requested: Separate or Special Allowable as an Exception to Rule Nos. 165:10-13-9 and 165:10-17-11 of the OCC-OGR....
Corporation Commission
(CD72231G)NOTICE OF HEARINGCause CD No. 970 000254 Before the Corporation Commission of the State of Oklahoma. Applicant: Unit Petroleum Company. Relief Sought: Increased Density. Legal Description: All of Section 22, Township 7 North, Range 23 West,...
Corporation Commission
(CD72230G)NOTICE OF HEARINGCause CD No. 970 000253 Before the Corporation Commission of the State of Oklahoma. Applicant: Enron Oil & Gas Company. Relief Sought: Increased Density. Legal Description: All of Section 31, Township 29 North, Range 25 West,...
Corporation Commission
(CD72246J)NOTICE OF HEARINGCause CD No. 970 000378 Before the Corporation Commission of Oklahoma. Applicant: Cleary Exploration L.L.C. Relief Requested: Well Location Exception. Legal Description: NW/4 NW/4 of Section 19, Township 14 North, Range 3 West,...
Corporation Commission
(CD72248J)NOTICE OF FILINGOF APPLICATION Cause PD No. 970 000032 Before the Corporation Commission of Oklahoma. Applicant: Michael Goodnight. Relief Sought: Administrative Exception to OCC-OGR Rule 165:10-3-4 for an Enhanced Recovery Injection Well....
Corporation Commission
(CD72275G)NOTICE OF HEARINGCause CD No. 970 000391 Before the Corporation Commission of the State of Oklahoma. Applicant: Chaparral Energy, Inc. Relief Sought: Well Location Exception. Legal Description: 640-acre Unit consisting of Section 24, Township...
Corporation Commission
(CD72279R)NOTICE OF HEARINGCause CD No. 970 000394 Before the Corporation Commission of the State of Oklahoma. Applicant: Chaparral Energy, Inc. Relief Sought: Separate Allowable Bryant 1-23. Legal Description: All of Section 23, Township 6 North, Range...
Corporation Commission
(CD72277J)NOTICE OF HEARINGCause CD No. 970 000393 Before the Corporation Commission of the State of Oklahoma. Applicant: Chaparral Energy, Inc. Relief Sought: Well Density. Legal Description: 640-acre unit consisting of Section 24, Township 6 North,...
County Court Calls Controversial Insurance Provision Unfair
As far as the District Court of Oklahoma County is concerned, a controversial insurance provision leaves little room for debate.Despite the uproar at the Oklahoma Department of Insurance over the same issue, Judge John M. Amick has decided that homeowners...
Crude Oil Futures Fall amid Forecasts of Normal Weather
Crude oil futures were little changed as low U.S. crude oil inventories were offset by the expectation that heating oil supplies will be adequate to last through the winter.Relatively mild winter weather reduced demand for heating fuels in the Northeast,...
Emerging Market Funds All the Rage at Wall Street
NEW YORK -- Investors are increasing their bets in emerging markets funds and so are fund companies.STI Capital Management in Orlando, Fla., is one company that reckons emerging markets will be hot in 1997, so at the end of the month, it's opening a...
Get Ready for Telecommuting
The virtual office is real. The Catalyst publication, Perspective, recently addressed this issue with great insight.Catalyst, a research firm in New York, works with businesses to effect change for women -- through research, advisory services and...
Home Builders, Brokers Foresee Decline
WASHINGTON -- American homebuyers, encouraged by low mortgage rates and rising incomes, made 1996 a banner year for builders. Trouble is, people don't buy new houses every year and the number of potential homebuyers isn't growing like it was.Builders...
Intermediary to Capital Gains
Local attorney Dal Houston hopes to cash in on a little-known tax deferment strategy while at the same time helping businesses and investors save big bucks on capital gains.As the president of the newly-formed Phoenix Group, Inc., Houston is what's known...
IPO Profits Come Mostly in First Trade
NEW YORK -- Initial public stock sales, among the riskiest of investments, generate 80 percent of investors' profit the first time they're traded, a new study said.A review by Birinyi Associates Inc. of last year's record $59.5 billion in initial public...
Little-Known Advantage May Slip Away
Oklahoma appears to be on the verge of losing what was described as "the biggest economic tool of this decade" -- even before hardly anyone knew it was available.Since January 1994, Oklahoma has received special treatment of a federal law designed to...
Merck Takes Stock Direct to Public
NEW YORK -- Tightwads take note. Starting Friday, individual investors in the U.S. can buy stock in Merck & Co., the nation's biggest drugmaker, directly from the company.Just send Merck an enrollment form and a check for at least $350, plus a $10 enrollment...
Mortgages
A list of mortgages filed with the Oklahoma County Clerk's office is published daily in The Journal Record. Information listed for each mortgage includes book and page numbers, names of the mortgagor and mortgagee, mortgage loan amount, property description,...
Mutual Funds Pay Top Dollar for Talented Managers
BOSTON -- Good mutual fund managers are in demand. As a rule of thumb, a manager with a top record and five years of experience can take in more than $2 million a year in total pay. If he or she ran money as long ago as 1987, when the stock market...
New Cases before the District Court
Filings for 01/22/97CivilCJ-97-432 -- In re Change of Name vs. Moss Hunke Karla Nicole; Alleged Change of Name; Murphy, Aaron Dan Atty; Assg Division D-1 Civil - John M. Amick. CJ-97-433 -- St Joseph Medical Center Inc vs. Meade Darrell W; Alleged Foreign...
Norway's Oil Success Allows It to Ponder Other Investment Methods
LONDON -- Norway may soon be willing to gamble a bit more with the 46 billion kroner ($7 billion) cash pile it's holding as a national nest egg, while its oil revenue continues to surge, the country's finance minister said.In the past two decades, Norway...
Oklahoma County Clerk: Quit Claim Deeds
QUIT CLAIM DEEDSReceived 1/23/97Sales Price Computed from Revenue Stamps. B 7007 P 1212 -- Frank L. Mayo et ux to Hays C. Mayo et ux, Sls Pr. $, L30 B5 Wilshire Hills Addn, OKC. B 7007 P 1233 -- Melvin Marshall et ux to Kevin Marshall et al, Sls Pr....
Oklahoma County Clerk: State Tax Lien Releases
STATE TAX LIEN RELEASESReceived 1/23/97B 7007 P 1415 -- Geoff Beasley Construction Unltd. B 7007 P 1416 -- Complete Pest Control Inc. B 7007 P 1417 -- Skulls Unlimited. B 7007 P 1418 -- Crawford Disposal. B 7007 P 1419 -- Woodland Lounge & Club. B 7007...
Oklahoma County Clerk: State Tax Liens
STATE TAX LIENSReceived 1/23/97B 7007 P 1400 -- AMN Receivable Finance Corp, $100. B 7008 P 886 -- Anchor Concrete Inc, $100. B 7007 P 1374 -- Hofmann-Williams Inc, $100. B 7007 P 1393 -- WECO Security, $100. B 7007 P 1393 -- WECO Security Systems Inc,...
OU Press Offers New American West Series, Indian History of Native Mexico
The University of Oklahoma Press, publisher of the Western Frontier Library and the Oklahoma Western Biographers, extends its long tradition as a publisher of books on the American West with a new series in fiction and critical studies titled "Literature...
Playing the `Name Game'
NEW YORK -- Martha Stewart may be the high priestess of posh living to her fans, but to her former gardener she's a wage cheat.Renaldo Abreu is suing Stewart in Connecticut state court, saying she owes him more than $30,000 in overtime for washing cars,...
Pleadings & Filings
Civil Filings for 01/23/97CJ-86-5790 -- Guaranty Bank & Trust Co vs. G R Pierce Construction et al; Execution Returned/Rec 1-21 Found No Prop Belongin.CJ-88-10057 -- Mowles Roy et al vs. Hillcrest Health Center Inc et; Defts Expert Interr to the Pltf....
River Pollution Meeting Planned
MUSKOGEE (AP) -- Boosters for the Illinois River will solicit help next month from elected Oklahoma leaders, swapping ideas on how to protect the river from fertilizers and treated sewage.Members of the Oklahoma Scenic Rivers Commission are scheduled...
Rural Enterprises Names Neal Development Director
Henry Neal has been named director of the business development division at Rural Enterprises of Oklahoma Inc.Neal will oversee the staff and activities of REI's industrial business incubator program, the home-based business assistance program and the...
Talks to Buy Gaylord Entertainment Continue
NASHVILLE, Tenn. -- Westinghouse Electric Corp. has held talks to buy Nashville Network owner Gaylord Entertainment Co. to give it a bigger presence in cable television, shareholders said."They've had informal discussions," said Mark Greenberg, portfolio...
Tracking Bills
The legislative process for the 46th Oklahoma Legislature, which began last week, will continue at an ever increasing pace until it ends on the last Friday in May.With nearly 1,200 bills to be considered, committees of the House of Representatives unofficially...
Trial Docket for the Okla. District Court, Criminal Motion Docket
Criminal Hearing DocketFor 01/29/97Hon. Charles G. Humble 09:00 CF-96-5738 -- State vs. Barrett Richard A; Hearing X 1 / Atty in Federal Court. CF-96-6377 -- State vs. Thimmes Daniel Lee; Hearing. CF-96-4180 -- State vs. Fanning Kendra Kerbow; Hearing...
U.S. Rig Count Falls despite Double-Digit Jump for Texas
An 11-rig jump for Texas could not offset declines from other states as the U.S. rig count fell for its fourth consecutive week.The nation's count for the week ended Friday dropped three to 815 -- its lowest since 808 rigs were recorded active in mid-September....
Vietnam's Outlook Darkens as Energy Firms Start to `Pack Up'
HANOI -- When communist Vietnam opened its doors to foreign investment at the start of the 1990s, hordes of U.S. oil men poured into Hanoi and Ho Chi Minh City to explore Asia's new petroleum frontier.At the time, Vietnam's lone oil field, called Bach...
Warranty Deeds
A list of Warranty Deeds filed with the Oklahoma County Clerk's office is published daily in The Journal Record. Information listed for each warranty deed includes book and page numbers, the owner of the property granting the property to a new owner,...
Wells Plugged
Received 12-27-96NA-Information Not AvailableCARTER COUNTY Mobil Oil Corp., #1 Eversole, 19-1S-3W, SE NE SE, TD 5250. Mack Energy Co., Chris Stors, 17-4S-1W, NW SE SW, TD 9863. Exxon Corp., Hewitt Unit 21-4501, 21-4S-2W, SW NW SE, TD 2340. Citation Oil...
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