Gulfport lowers guidance
Gulfport Energy Corp. this week dropped its third-quarter guidance due to pipeline infrastructure delays and higher-than-anticipated downtime. Gulfport's current estimate indicates production this quarter will be between 12,250 and 12,750 barrels of oil equivalent a day. The company had expected to average as much as 15,000 barrels a day. Gulfport's full-year guidance remains unchanged.
Cooperative receives loan
CORDELL — A western Oklahoma electric cooperative will receive a more than $10 million loan from the U.S. Department of Agriculture. Agriculture Secretary Tom Vilsack announced Thursday that Kiwash Electric Cooperative Inc. in Cordell will receive $10,127,000. The money is to be used to build 178 miles of distribution line and make other system improvements. The loan includes $74,000 for smart grid projects. The loan is part of more than $136 million in USDA loan guarantees announced Thursday for projects in seven states.
Montclair increases its bid
Equal Energy Ltd. has received another acquisition proposal from Montclair Energy LLC. Montclair increased its offer to $4.85 in cash for all outstanding Equal shares in a “revised nonbinding conditional expression of interest” that was delivered after the close of markets on Sept. 6. The offer became public as a result of a regulatory filing by some of Montclair's affiliates, Equal said this week.
Tribe earns environmental grant
Oklahoma's Otoe-Missouria Tribe is one of 29 nonprofit and tribal organizations to earn grants from the U.S. Environmental Protection Agency to address environmental issues. “These environmental justice grants are one more step in EPA's efforts to help communities with environmental and public health issues,” said EPA Regional Administrator Ron Curry. “We're giving residents and community-based organizations the tools they need to make informed decisions about the environment around them.”
Class held for auto technicians
Oklahoma City Community College will offer an evening class next month to help experienced automotive technicians earn state certification to work on compressed natural gas vehicles. The six-day class, which runs from 6 to 9:30 p.m., begins Oct. 21 at the college's Transportation Technology Center. Students will learn about safety, fuel characteristics, systems operation, fuel-line bending, system diagnosis and inspection and regulations. They will be able to take the state's certification test at the conclusion of the class. For more information, contact John Claybon at 682-7855 or firstname.lastname@example.org.
OGE recognized for innovation
OGE Energy Corp. made the InformationWeek 500 list of top technology innovators in the United States for the second year in a row, the company announced this week. The company earned the recognition for creating its integrated operations center, which combines information technology, corporation communications and smart grid monitoring.
Plant opens expanded facility
Forum Energy Technologies Inc. has opened a 10,000-square-foot addition to its manufacturing facility in Elmore City. The Houston-based company now has 70,000-square-feet of manufacturing space spread over 50 acres. “We have increased our manufacturing capability in Elmore City significantly over the last several years as we have responded to growth in customer demand,” plant manager Gauthier Pierozak said. “This latest expansion will allow us to produce larger size equipment for the unconventional shale markets under development throughout the United States.”
FROM STAFF AND WIRE REPORTS