Williams advances pipeline plans
TULSA — The board at the Williams Cos. Inc. has signed off on the company's Bluegrass Pipeline project. Williams has been developing the natural gas liquids pipeline, which is planned to be in service by late 2015, as part of a joint venture with Boardwalk Pipeline Partners LP. The pipeline will connect liquids production in the Marcellus and Utica shales to growing petrochemical and export markets in the Gulf Coast.
Sonic plans tornado relief effort
Sonic Corp. will contribute $1 to tornado relief efforts for every order of tater tots sold Wednesday at its Oklahoma locations. Sonic and its state franchise partners hope to raise $50,000 for the United Way of Central Oklahoma during the one-day initiative. “We've witnessed the devastating impact of the recent tornadoes along with the rest of our home state,” CEO Cliff Hudson said. “Sonic, our franchisees and staff all felt the need to offer additional assistance. This effort is just another way we can help our neighbors rebuild.” Sonic made a $100,000 cash and in-kind financial commitment to the Red Cross of Central & Western Oklahoma, the United Way of Central Oklahoma's Tornado Relief Fund and the SONIC Disaster Relief Fund after the recent tornadoes. Sonic also provided thousands of meals to first responders and relief agencies and coordinated water, ice and sanitizer deliveries in the area.
Sam's Club opens hiring center
EDMOND — Sam's Club has opened a welcome center in Edmond to facilitate the hiring of about 200 employees for a new location set to open this fall. There will be a meet-and-greet event from 10 a.m. to 4 p.m. Saturday at the center, 3208 S Broadway, to showcase job opportunities. Available positions include meat cutters, cart pushers and more. Both full- and part-time jobs are available.
PostRock cuts issuance program
PostRock Energy Corp. said Tuesday it has suspended sales under its at-the-market issuance program for the foreseeable future. Since beginning in June 2012, about 3 million new common stock shares have sold for net proceeds of $4.7 million, including more than 530,000 shares for about $800,000 in 2013's second quarter. “The ATM was a welcome but modest source of liquidity as we began to develop our oil projects,” CEO Terry W. Carter said. “However, additional sales do not appear necessary in the near future. Now that our oil development program has begun to bear fruit and results have justified a modest increase in our borrowing base, we believe we have sufficient liquidity to continue our plans.”
From staff reports