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Cottage District set for new home |
Plans for a new home in one central Oklahoma City neighborhood threatened to divide the residents in an area that was the picture of urban decay for decades. A house proposed for 825 NW Seventh St., on what is now a vacant lot, has drawn
both praise and objections from residents of the Cottage District on the northwest side of downtown.
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Developers, city grapple over impact fees |
After three public meetings with city staff, Oklahoma City real estate developers are asking for additional justification and clarity in new impact fees being proposed by City Hall.
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Devon plans auditorium at world headquarters |
Devon Energy Corp. is tweaking and refining its plans for a world headquarters now set for completion in 2013. One new addition presented to the Downtown Design Review Committee on Thursday included an auditorium nestled in park space at
the corner of Hudson and Sheridan avenues.
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SemGroup LP case turns into bankruptcy behemoth |
Even by the standards of Delaware, corporate home to many top-shelf mega-companies, the SemGroup LP bankruptcy is a huge legal undertaking, attorneys said Thursday. One attorney told Oklahoma Bar Association members Thursday that filings
in the case, filed July 22, have already topped 2,292, and that a major national law firm has at least 35 attorneys working on the case at any particular time. Tulsa attorney Andrew Turner, with Conner and Winters, said he anticipates
profitable SemGroup units will eventually be sold off in the Chapter 11 case
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H&P shares hit 4.5-year low despite record financials, new rig contracts |
Helmerich & Payne stock plunged 17.1 percent Thursday to a four-and-a-half-year low despite record profits and revenue for both fiscal 2008 and the fourth quarter, meeting or beating Wall Street expectations. James Carnett, senior
portfolio manager with Fredric E. Russell Investment Management Co. of Tulsa, attributed the stock plunge to oil futures closing at $49.62.
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Tulsa parts manufacturer expands plant |
With more than $40 million in parts fabrication contracts in hand over the next five years, M&M Manufacturing just increased its plant size five times, all in expectation of 400-percent employment growth over the next three years. With
revenue expected to hit $4 million this year, twice its pre-2001 recession height, the 40-employee Tulsa company relocated this month to 45,000 square feet at 13914 E. Admiral Pl. President and Chief Executive Kenneth Statton said that
$100,000 move from its 7,500-square-foot former home gave M&M space to add four new computer-guided fabrication machines, at a cost of $100,000 to $300,000 apiece.
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