Business training is offered
NORMAN — Professionals interested in learning how to integrate sustainability practices into their business can sign up for the free “Lean & Green” training offered by The Lean Institute at the University of Oklahoma. Attendees are taught to identify waste in the form of energy, water and time while saving money, as well as how to improve efficiency in an environmentally-friendly manner. The three-day course, sponsored by the Cleveland County Conservation District, is divided into one day of training over three months. Classes will be held from 8 a.m. to 4:30 p.m. Aug. 24, Sept. 21 and Oct. 26. The course is free but seating is limited. Registration for the first session is requested by Aug. 20. To register, contact Marc Jensen at firstname.lastname@example.org. For more information, visit lean.ou.edu.
Group to hold annual meeting
STILLWATER — The Oklahoma Inventors Congress (OIC) will hold its annual meeting Saturday in the ATRC building at Oklahoma State University. The program will include presentations by the Oklahoma Inventors Assistance Service and The Patent & Trademark Resource Center on the OSU campus, and an interactive live conference call with the U.S. Patent and Trademark Office staff about how the America Invents Act new “first to file” provisions will impact independent inventors. Registration is complimentary and starts at 8:15 a.m. For more information, go to Oklahomainventors.com. A nonprofit, OIC has active chapter meetings in Durant, Oklahoma City and Tulsa to help educate inventor members about the process of securing and marketing intellectual properties.
Grants, loans are available
The Agricultural Enhancement and Diversification Program (AEDP) is accepting applications until Oct. 1 for zero-percent interest loans and grants for qualified agriculture-related projects across the state. Four types of funding sources are available including a farm diversification grant, a marketing and utilization loan, a cooperative marketing loan and the basic and applied research loan/grant. Applications are accepted quarterly. Funding may be used to produce agriculture-related products and must create rural economic development. Applicants must be 21 years old and must reside in and be a legal resident of Oklahoma. The application form and additional information about each loan can be found at www.ag.ok.gov/mktdev/aedp.htm. Program coordinator Jason Harvey can be reached at 522-5563 or email@example.com to assist in the application process.
TULSA — Syntroleum Corp. reported second-quarter profits of more than $6.9 million or 7 cents a share, up from a loss of almost $5.5 million or 7 cents a share in the year-ago quarter. Revenues improved to $10.8 million, up from almost $1.2 million one year ago. The second quarter numbers were boosted by $6 million of unearned revenue related to an expired license agreement.
POSTROCK ENERGY CROP
PostRock Energy Corp. on Wednesday reported a net loss of $18.5 million in the second quarter, compared with a profit of $7.5 million in the year-ago quarter. Revenues slipped 50 percent to $10.6 million, from about $21.5 million one year ago. The decline mirrored a 51 percent drop in the company's realized natural gas price, which averaged $2.06 per thousand cubic feet in the most recent quarter. PostRock's oil production increased 22 percent to an average of 265 barrels a day, but still accounts for a small percentage of the company's total production.
TULSA — SemGroup Corp. on Wednesday reported second-quarter profits of $7.2 million or 12 cents per share, swinging from a loss of $12.3 million or 30 cents a share in the year-ago period. Revenues slipped 3 percent to $334 million, down from $344 million one year ago. The company's adjusted earnings before interest, taxes, depreciation and amortization improved to $30 million in the second quarter, up from $28.9 million one year ago. Results were affected by a 13 percent increase in volumes at White Cliffs Pipeline and a full quarter's benefit of the company's 1.95 million barrel storage expansion in Cushing, partially offset by lower natural gas and natural gas liquids prices.
From Saff Reports