Plugging In: Oklahoma business briefs, Nov. 15

Plugging In: Oklahoma business briefs, Nov. 15
Published: November 15, 2013
Advertisement
;

PLUGGING IN

Funds to help with heating bills

Oklahoma has received a limited amount of funds to help low-income residents with their winter heating bills, the state Department of Human Services announced Thursday. DHS will begin accepting applications for the federal Low-Income Home Energy Assistance Program funds on Dec. 10 at its county offices. The state has about $8 million for this year's winter heating program.

Equal Energy plans dividend

Equal Energy Ltd. will pay a cash dividend of 5 cents a share on its common stock for the fourth quarter. The company, which moved its headquarters to Oklahoma City from Calgary, Alberta, earlier this year, will pay its dividend Dec. 20.

MC Petroleum wins honor

Pryor's MC Petroleum recently received a Circle of Excellence Award from industry giant Exxon Mobil. The award is given to the nation's top 20 distributors, based on business excellence and outstanding achievement in volume, growth and best practices.

PetroTech exceeds schedule

PetroTech Oil and Gas Inc. is ahead of schedule in its Nowata Lease operations in Oklahoma, the Texas-based company announced this week. Three reworked gas wells are being put into production after tank batteries, roads and new pipeline were installed. “The company is planning based on the engineering reports to do up to three new drills, on the same Nowata Lease,” President Eddie Schilb said. “This would be an added revenue stream that was not expected from this lease initially, and plans for the first new drill could bring in $50,000 a month” if it produces 20 barrels of oil a day as expected.

Company to treat coal waste

Waste Management Inc. will provide coal combustion product marketing and on-site landfill management services to an American Electric Power coal plant in Oologah and two others in Texas. Harry Lamberton, vice president of the Waste Management's energy services division, said the company has a patented system to treat coal plant waste to prepare it for marketing. He said fly ash is sold to the construction industry, which mostly uses the material in concrete. If the ash is not reused, it is sent to landfills for disposal.

Continue reading this story on the...