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 April 30, 1999

Anadarko Reports $23 Million Net Loss
HOUSTON (JR) -- Anadarko Petroleum on Thursday reported a net loss of $23.1 million, or 19 cents per share, for the first quarter.The loss reflected a noncash charge of $20 million before taxes, or $13.3 million after taxes, related to its remaining...
Argentinean Oil Company Moves from Trophy Seeker to Trophy
BUENOS AIRES -- For decades after its founding in 1922 as the world's first state-owned oil company outside the Soviet Union, Yacimientos Petroliferos Fiscales was the butt of one of Argentina's most enduring jokes as "the only oil company in the world...
Business World
Going swimminglyNEW YORK (AP) -- The booming economy and more secure paychecks has prompted more homeowners to install swimming pools, reports the National Spa & Pool Institute. The trade group says inground pool sales rose 14 percent last year, a big...
CD Warehouse Named among Top Picks
OKLAHOMA CITY (JR) -- CD Warehouse has been chosen by The Red Chip Review, a source of independent research on small and micro-cap stocks, as one of its "Top Picks for 1999."Jerry W. Grizzle, chairman, president and CEO of Oklahoma City- based CD Warehouse...
Chandler Insurance Posts Drop in Earnings
GRAND CAYMAN, Cayman Islands (JR) -- Chandler Insurance Co., the parent of subsidiary companies based in Oklahoma, on Thursday reported net income of $525,000, or 8 cents per share, for the first quarter.Earnings for the quarter were down from $974,000,...
Dalmar Sign Owner Buys Industrial Building on SE 39th
P & M Enterprises, owner of Dalmarc Sign, has bought an industrial building at 1530 SE 39th St. for $150,000.Dalmarc will use the building and adjacent land for expansion.Bob Sullivan of Coldwell Banker Commercial, Hocker-Sullivan & Associates represented...
Decade of Hard Work Pays Off
Joel S. Hoffman and Mitchell Wolff may be new names to many in Oklahoma City's real estate scene, but not to Tim Strange. Since 1990, the vice president of Wiggin Properties has worked to sell the First National Center to these two New York-based investors.Strange...
High-Tech Workers Put Themselves Up for Online Auction
SAN FRANCISCO (AP) -- Available via auction: 16 cybergeeks who work together well and know how to assemble an Internet server. Asking price: $3.14 million.In a novel listing posted on eBay, a team of managers and engineers for an Internet service provider...
History of Law Day
OKLAHOMA CITY (JR) -- Law Day was conceived by the late Hicks Epton, a Wewoka, Okla., attorney and past president of the Oklahoma Bar Association.President Dwight D. Eisenhower established Law Day nationally by Presidential proclamation in 1958. On this...
House Adopts Several Rules Changes
House members adopted several rules changes Thursday that supporters say should ease the flow of legislation while restricting the power of committee chairs to prevent bills from being heard.A floor substitute for House Resolution 1007, by Rep. Russ...
Keeping Counsel
Larry Burkett , in his publication Business by the Book, tells the story of a businessman named Cal who came to Burkett for advice. It seems Cal had started his own business and built it into a thriving success. He had recently been offered $12 million...
Low Prices, Charges Cloud Results for Kerr-McGee
OKLAHOMA CITY (JR) -- Kerr-McGee on Thursday said that special charges related to the merger with Oryx Energy resulted in a $111 million loss for the first quarter.Income from continuing operations totaled $8 million, or 9 cents per share, down from...
More High-Tech Perks Hit New Homes in Japan
TOKYO (AP) -- Ever get up in the morning and wonder, "What's my blood sugar?" Or find yourself in the dairy aisle, not sure if you're out of milk?In Japan, homeowners will soon be able to answer those questions with a mere push of a button. Electronics...
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,...
NASDAQ Drops for Third Straight Day
NEW YORK (Bloomberg) -- The Nasdaq Composite Index slumped for a third day after Amazon.com forecast a widening deficit, disappointing investors who expected the online retailer to start making money sooner.Oil, metals and financial companies, considered...
New Locations
Received: 4/28/99Beaver CountyAnadarko Petroleum Co.; P.O. Box 351, Liberal KS 67905-0351 (316-624-6253); #1 Smith Trust "AI"; c w/2 se 18-4n-21ecm; 1320' fsl & 660' fwl; 7100' St. Louis; On permit Canadian County Crawley Petroleum Corp.; 105 N Hudson...
OBA-Net Site Offers Virtual `Watercooler' for Attorneys
There are not too many places we can go to relax and work simultaneously. To be entertained while collecting work related information that would be difficult, if not impossible, to obtain elsewhere.Well, here's a new one. Relax. Open your mind. And get...
Omniplex: Hunker in the Bunker, Prepare for Meltdown
"Millennium Meltdown" is the theme for this year's Omnifling and invitations advise guests to "hunker in the bunker and prepare for the meltdown."The party, a benefit for the Omniplex Science Museum, will be at 7:30 p.m. May 14 at the museum and black...
Oneok Sticks with Lower Bid
TULSA (Bloomberg) -- Oneok said it won't top Southern Union Co.'s bid for Southwest Gas Corp., saying its lower offer is superior."If this were solely a matter of price, there would have been no need for Southern Union to raise" its bid, Oneok Chairman...
OU Students Win National Honors
University of Oklahoma construction science students took second place in a national competition to design a four-story medical office building and parking garage for the Children's Medical Center in Dallas.Sponsored by the Associated Schools of Construction...
Privacy of Internet Poses Legal Puzzle
CAMBRIDGE, Mass. -- Each time a revolutionary new technology has arrived, the governments of the day have been leery of its capacity for mischief and criminality. Centuries ago, there were calls for giving the authorities the power of prior restraint...
Reports Show Economy Keeps on Going
WASHINGTON (AP) -- The amazing U.S. economy just keeps improving. Labor costs for American companies inch up at the slowest pace on record, workers enjoy a strong labor market and new home sales climb higher.That was the picture painted by a trio of...
Shepards Beta Tests at Courthouse Library
For the first time ever, a cutting-edge legal research tool will be available to the public free of charge -- and only in Oklahoma.Shepards is revamping and upgrading its Internet-based legal research system, using the county courthouses in Oklahoma...
Study May Lead to Change in Environmental Laws
A study of marginal wells in Osage County could provide the information needed to thwart, and maybe change, environmental laws that some argue are not cost productive, officials with the Oklahoma Commission on Marginally Producing Oil and Gas Wells said...
The Lament of an Old-Fashioned Investor
NEW YORK -- The lament of the old-fashioned investor sounds today like that of the worried clergyman: How do you find your way in an environment where values don't count?The old-fashioned investor, for example, once could estimate the value of a company's...
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 Completed
Received: 4/28/99Completion reports are compiled by county, operator and well information.Beaver County Belco Energy Corp., Tulsa/918-481-6020 -- #2 Hunt-Light -- s/2 s/2 nw 9-6n-21ecm; TD 6357'; perf. Morrow 6103-17', f/2150Mcfpd; Chester 6185-257',...
West Leads Increase in New Home Sales
WASHINGTON (Bloomberg) -- U.S. new home sales unexpectedly rose in March, as sales in the West posted their biggest monthly gain in four years.New single-family home sales climbed 2.1 percent in March to 909,000 units at a seasonally adjusted annual...
Williams Unit, Equilon Form Pipeline System Joint Venture
TULSA (JR) -- A unit of Williams and Equilon Pipeline Co. have formed a joint venture to transport gasoline and other refined products from west Texas to markets in the Rocky Mountains.The agreement announced Thursday calls for each company to own 50 percent...
ZymeTx Reports $2.7 Million Loss in Fiscal Quarter
OKLAHOMA CITY (JR) -- ZymeTx on Thursday reported a net loss of $2.7 million, or 40 cents per share, for the third fiscal quarter.The Oklahoma City-based viral disease management company had a net loss of $1.1 million, or 17 cents per share, for the...
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