Two want earthquake plan
A state senator and an Oklahoma petroleum geologist on Monday called for federal task force to develop a statewide emergency action plan in response to the ongoing earthquake swarm. Sen. Jerry Ellis, D-Valliant, and independent geologist Bob Jackman, of Tulsa, suggested the panel include representatives from the U.S. and Oklahoma geological surveys and scientists from the state’s oil and natural gas industry. “An emergency exists in central Oklahoma, with its accelerated and unprecedented increase in frequency and magnitude of apparently man-made earthquakes,” Jackman said. Under the proposal, the task force would examine and evaluate all nationally published earth science and ongoing studies related to the earthquakes. The group also would be responsible for releasing findings and proposed solutions. “We need to act, not react,” Ellis said. “We’d better not wait ’til a high Richter-scale earthquake occurs, causing disastrous damages to homes, roads, bridges, schools and hospitals — as well as oil and gas well surface and subsurface casing and pumps.”
Banker embraces social media
Citizen’s Bank of Edmond CEO Jill Castilla has been named one of the top 25 social media influencers in the country by the Independent Community Bankers of America for the second consecutive year. Castilla ranked No. 4 on this year’s list, while the bank was listed as one of 50 community banks leading the charge for social media engagement. Castilla uses Twitter, Facebook, Instagram and LinkedIn to connect with the bank’s customers online. “Even if it’s late at night, I can respond to electronic banking questions or help our customers find solutions quickly,” she said. “It’s just an amazing time to be a banker.”
Children’s bookseller sales rise
TULSA — Educational Development Corp. achieved record sales in July, the children’s bookseller announced Monday. CEO Randall White said the company’s sales were up 28 percent over last July, as both of its divisions posted gains. He said the company’s home business division, which logged a 47 percent increase in sales last month, also added a record number of new associates in July. That division has experienced 14 straight months of growth.
Mexican consulate plans office
The Mexican Consulate will open a semi-permanent office at Plaza Mayor at the Crossroads on Tuesday. The office will be open 8 a.m. to 5 p.m. Monday through Friday on the lower level of the mall the first two weeks of each month and will be able to serve about 120 people each day, said Kristi Cole, mall manager. Consulate staff will split their time between the new Oklahoma City office, Tulsa and Springdale, Ark., to serve residents, who frequently have to travel to the Mexican Consulate offices in Dallas or Little Rock, Ark., for services, Cole said.
SEVENTY SEVEN ENERGY INC.
Seventy Seven Energy Inc. on Monday reported net income of $21.7 million, or 46 cents a share, for the second quarter. That is up from $7.2 million, or 15 cents a share, in the same period of last year, when the oil-field services company was still a unit of Chesapeake Energy Corp. “We are pleased to bring you our first quarterly earnings as a stand-alone public company. A lot of work has gone into getting us to this point, and we are excited about our future and our potential to deliver superior shareholder returns.” CEO Jerry Winchester said. “We have a flexible balance sheet, and our objective is to pursue strategic growth opportunities while exercising financial discipline to maximize returns to our shareholders.”
ONE GAS INC.
TULSA — ONE Gas Inc. earned $9.5 million, or 18 cents a share, in the second quarter, the company reported Monday. The parent company of Oklahoma Natural Gas and two other regulated utilities earned $15 million, or 29 cents a share, in the same period of last year. “New rates in Texas and growth in residential customers resulted in a solid second quarter,” CEO Pierce H. Norton II said. “Colder-than-normal weather and lower employee-related expenses in the second quarter of 2013, and costs associated with the separation from ONEOK in 2014, affected our results. We remain on track to achieve our full-year earnings guidance.”
From Staff Reports