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The Journal Record Daily Update
Today
Devon, OCU christen boathouse site as other colleges plan theirs
Devon Energy Corp. and Oklahoma City University plan to row, row, row their boats gently down the Oklahoma River from a boathouse set for completion next year. Devon and OCU christened the future site of the boathouse with champagne Tuesday, marking a $5 million donation by Devon to complete the funding for the $10 million boathouse.
Williams to extend Transco pipeline
Williams intends to build a 250-mile expansion of its Transco pipeline system, connecting East Coast markets with domestic natural gas supplies across the nation. Now called the Northeast Supply Project, this effort combines two earlier pipeline proposals by the Tulsa natural gas giant, promising transportation service as early as November 2011. Initial cost estimates were not available.
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Magellan income rises 88 percent in first quarter
Double-digit operating margin growth by its pipelines and terminals led Magellan Midstream Partners to record quarterly net income and operating profit, beating Wall Street expectations.
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City Council OKs $8M in incentives for outlet mall
The Oklahoma City Council approved nearly $8 million in economic incentives to help establish a massive outlet mall in western Oklahoma City on Tuesday. The vote was 5-2 with Larry McAtee and Ronald Kelly dissenting. They asked for time to clarify the city's policy toward retail business incentives and more information about the developer, Horizon Group Properties, before committing to the plan.
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