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Retail vacancy rates nears 13-year high |
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Tulsa's retail market vacancy rate nearly equaled a 13-year high in the first half of 2008, according to a survey by CB Richard Ellis of Oklahoma. While leasing rates also rose, analyst Mark Rooney questioned how long that would continue.
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SemGroup LP considers Chapter 11 in wake of liquidity problems |
Liquidity problems have forced SemGroup LP to consider a variety of recovery efforts, including Chapter 11 bankruptcy, the privately held Tulsa company announced Thursday evening. This followed a wild session on Wall Street that saw a
51.7-percent plunge in the Nasdaq stock of SemGroup Energy Partners LP, a public company SemGroup LP launched one year ago Friday. SemGroup LP, which remains the master partner and majority owner of Tulsa-based SemGroup Energy Partners, is
considering alternatives including raising additional equity and debt capital to the voluntary bankruptcy petition.
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Chesapeake sells Woodford properties |
Chesapeake Energy has sold its Arkoma Basin Woodford Shale holdings to BP America Inc. for $1.75 million. The company will use proceeds to concentrate on areas in the Barnett, Marcellus and Haynesville shale regions. The properties
amounted to 90,000 net acres. Chesapeake changed its production forecasts. The company expects 19 percent growth for 2009 and 15 percent for 2010. This year's outlook for 21 percent growth remains the same.
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Lowe's pays for, helps build new home |
Starting this weekend volunteer's from Lowe's Home Improvement Warehouse stores, and the non-profit Rebuilding Together, will team up to build a home in Central Oklahoma Habitat for Humanity's Hope Crossing addition in northeast Oklahoma
City. But rather than just supplies and labor, Lowe's is also donating $50,000 to construct the home. About 50 homes are completed at Hope Crossing with plans to eventually have about 220. John Collard, district manager of Lowe's, said the
company as a whole has been a national partner with Habitat since 2003, and has provided $18 million in contributions and manpower.
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Port of Catoosa sees end to rain delays |
Despite surging waters that cut June tonnage 42.9 percent, the Tulsa Port of Catoosa completed the first half of 2008 with only a 2 percent decline in traffic.
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Devon, Samson give $1M each to OSU |
Devon Energy and Samson Investment Company each gave $1 million to Oklahoma State University. Devon donated to the Boone Pickens School of Geology, and as part of Pickens' $100 million chair match and a similar donation from the Oklahoma
State Regents for Higher Education, each gift will grow to $4 million. Samson, based in Tulsa, is creating a chair in the College of Engineering, Architecture and Technology.
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