Latest news with #Tulsa-based
Yahoo
5 days ago
- Business
- Yahoo
ONEOK Sanctions $365MM Sour Gas Plant in Delaware Basin
ONEOK Inc. reached a final investment decision on a $365 million sour gas processing plant in the Delaware Basin, the company announced Aug. 5 as part of its second-quarter earnings presentation. The Big Horn plant will have a capacity of 300 MMcf/d and have the ability to treat gas with a high amount of CO2. The project is supported by dedicated production acres and is expected to be complete by mid-2027. Sour gas treatment has become a big topic in the Delaware processing sector. Less than a week before ONEOK publicized the project, MPLX announced a $2.38 billion agreement to buy Northwind Midstream, a company specializing in sour gas processing in the basin. ONEOK's Big Horn plant will increase the company's Delaware processing capacity to 1.1 Bcf/d. 'The Permian Basin continues to be a key area of strategic growth for us, and we will continue to be actively engaged and intentional in assessing opportunities to expand and enhance our integrated operations within the basin,' said Sheridan Swords, ONEOK chief commercial officer, during the company's second quarter earnings conference call. Overall, Tulsa-based ONEOK reported increasing natural gas traffic on its network in the second quarter. Swords reported that, following a seasonally down first quarter, natural gas volumes increased and the company saw double-digit NGL growth across all regions. The company's entire NGL network transported about 1.527 MMbbl/d, an 18% increase in volume, according to the company's report. For the rest of the year, ONEOK has kept its original 2025 financial guidance ranges, including a net income of between $3.1 billion to $3.6 billion. The company, however, decreased its projected 2026 earnings guidance by 2% due to caution caused by an unstable macroenvironment, said Walter Hulse, ONEOK's CFO.
Yahoo
19-07-2025
- Business
- Yahoo
Cities and states offer welcome mats — and pots of cash — to lure remote workers
Theresa Kaiser was working as an assistant dean for the University of Michigan Law School when she pulled up stakes and moved to Tulsa, Okla., lured by a $10,000 relocation grant from the city. 'I love working remotely,' Kaiser, 61, told Yahoo Finance. 'I'm not trying to climb the ladder anymore. I'm not trying to make a name for myself. So a lot of that pressure's gone for me.' Tulsa is among a handful of cities and states targeting remote workers to relocate from more expensive areas, even as many companies tighten remote working arrangements. For those workers who can land and hold onto a fully remote gig, the perks can be considerable. With its Ascend WV program, West Virginia offers $12,000 to remote workers who move to the state. The money is paid out over a two-year period. Applicants must work full-time remote jobs or own businesses outside of West Virginia that can be managed remotely. Other cities and regions with incentive programs for remote workers looking to relocate include: Texarkana, Texas and Arkansas, Columbus, Ga., Noblesville, Ind., and eastern Kentucky. "We're incredibly excited about the momentum and the quality of individuals and families who have chosen to relocate to Texarkana through this initiative," Rob Sitterley, president and CEO of the program in Texarkana. "At this point, we have received well over 8,100 applicants, and interest continues to grow." Tulsa rolled out its Tulsa Remote initiative in 2018 to lure new residents by offering them $10,000 grants for a year to work from there remotely. To date, 3,600 workers have taken them up on that offer. Some caveats: You have to have a full-time remote job to be eligible for the program. You also have to have lived outside of the state of Oklahoma for at least a year and be eligible to work in the United States. Sign up for the Mind Your Money weekly newsletter By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy Tulsa Remote provides co-working space for the year, and offers monthly meetups and workshops to develop skills and strategies for working remotely effectively. Backed by the Tulsa-based nonprofit George Kaiser Family Foundation, the goal is to bring in people who'll stick around, get involved in the community, and strengthen the local economy. 'It was really an experiment to diversify the talent workforce here in Tulsa,' Justin Harlan, managing director of the program, told Yahoo Finance. 'Tulsa is a city that's often reliant on oil and gas as an industry, which can be a royal rollercoaster even in the best of times,' he said. 'And so our hope was that if we could bring knowledge workers to the city, that we would build up an economy that was more resilient for the future.' For remote workers, it's a personal choice. 'I like to find balance in what goes on outside of my work and how I work,' Kaiser said. 'All those things become a lot more important than what's my salary and what's the next step up for me and what's the next title.'It's the community that has made remote work so appealing to remote workers ranging from their mid-20s to 70-plus, according to Harlan. 'Remote working is often an isolating experience, and the fact that we really have intentionality around not only getting people here, but then really helping them integrate into the city in strategic ways.' About 40% of the Tulsa remote program workers are in technology fields, and the rest of the group is spread out in fields including marketing, education, and finance, per Harlan. 'If you can do your job from anywhere, we'd love for you to do it from Tulsa,' he said. Kerry Hannon is a Senior Columnist at Yahoo Finance. She is a career and retirement strategist and the author of 14 books, including the forthcoming "Retirement Bites: A Gen X Guide to Securing Your Financial Future," "In Control at 50+: How to Succeed in the New World of Work," and "Never Too Old to Get Rich." Follow her on Bluesky. Sign up for the Mind Your Money newsletter Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-07-2025
- Business
- Yahoo
Cities and states offer welcome mats — and pots of cash — to lure remote workers
Theresa Kaiser was working as an assistant dean for the University of Michigan Law School when she pulled up stakes and moved to Tulsa, Okla., lured by a $10,000 relocation grant from the city. 'I love working remotely,' Kaiser, 61, told Yahoo Finance. 'I'm not trying to climb the ladder anymore. I'm not trying to make a name for myself. So a lot of that pressure's gone for me.' Tulsa is among a handful of cities and states targeting remote workers to relocate from more expensive areas, even as many companies tighten remote working arrangements. For those workers who can land and hold onto a fully remote gig, the perks can be considerable. With its Ascend WV program, West Virginia offers $12,000 to remote workers who move to the state. The money is paid out over a two-year period. Applicants must work full-time remote jobs or own businesses outside of West Virginia that can be managed remotely. Other cities and regions with incentive programs for remote workers looking to relocate include: Texarkana, Texas and Arkansas, Columbus, Ga., Noblesville, Ind., and eastern Kentucky. "We're incredibly excited about the momentum and the quality of individuals and families who have chosen to relocate to Texarkana through this initiative," Rob Sitterley, president and CEO of the program in Texarkana. "At this point, we have received well over 8,100 applicants, and interest continues to grow." Tulsa rolled out its Tulsa Remote initiative in 2018 to lure new residents by offering them $10,000 grants for a year to work from there remotely. To date, 3,600 workers have taken them up on that offer. Some caveats: You have to have a full-time remote job to be eligible for the program. You also have to have lived outside of the state of Oklahoma for at least a year and be eligible to work in the United States. Sign up for the Mind Your Money weekly newsletter By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy Tulsa Remote provides co-working space for the year, and offers monthly meetups and workshops to develop skills and strategies for working remotely effectively. Backed by the Tulsa-based nonprofit George Kaiser Family Foundation, the goal is to bring in people who'll stick around, get involved in the community, and strengthen the local economy. 'It was really an experiment to diversify the talent workforce here in Tulsa,' Justin Harlan, managing director of the program, told Yahoo Finance. 'Tulsa is a city that's often reliant on oil and gas as an industry, which can be a royal rollercoaster even in the best of times,' he said. 'And so our hope was that if we could bring knowledge workers to the city, that we would build up an economy that was more resilient for the future.' For remote workers, it's a personal choice. 'I like to find balance in what goes on outside of my work and how I work,' Kaiser said. 'All those things become a lot more important than what's my salary and what's the next step up for me and what's the next title.'It's the community that has made remote work so appealing to remote workers ranging from their mid-20s to 70-plus, according to Harlan. 'Remote working is often an isolating experience, and the fact that we really have intentionality around not only getting people here, but then really helping them integrate into the city in strategic ways.' About 40% of the Tulsa remote program workers are in technology fields, and the rest of the group is spread out in fields including marketing, education, and finance, per Harlan. 'If you can do your job from anywhere, we'd love for you to do it from Tulsa,' he said. Kerry Hannon is a Senior Columnist at Yahoo Finance. She is a career and retirement strategist and the author of 14 books, including the forthcoming "Retirement Bites: A Gen X Guide to Securing Your Financial Future," "In Control at 50+: How to Succeed in the New World of Work," and "Never Too Old to Get Rich." Follow her on Bluesky. Sign up for the Mind Your Money newsletter Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
18-07-2025
- Business
- Business Wire
Three Community Banks Partner with Tulsa's iDENTIFY to End Data Silos
TULSA, Okla.--(BUSINESS WIRE)--iDENTIFY, a Tulsa-based data engineering firm and a Snowflake Select Certified Partner, helps community banks unify their data. This quarter, they announced three new banking clients. 'Fragmented data silos slowed down our decision-making, iDENTIFY is helping us build a roadmap to the cloud so we can make smarter, faster decisions with confidence for our customers.' - Pratt Lewis, CIO of InBank Share InBank, Academy Bank and Core Bank selected iDENTIFY for the team's ability to help banks scale confidently, without compromising their community-focused service. 'Fragmented data silos slowed down our decision-making,' said Pratt Lewis, CIO of InBank, 'iDENTIFY is helping us build a roadmap to the cloud so we can make smarter, faster decisions with confidence for our customers.' Lee Easton, President of iDENTIFY, emphasizes that reliable data is foundational to the bank- fintech partnerships: 'Our role is to help banks increase their confidence and nimbleness by consolidating isolated data sets into an accessible system. Banks must be able to trust their data.' How iDENTIFY Helps Partner Banks Better Serve Customers iDENTIFY helps banks centralize data, whether by migrating data to platforms like Snowflake, developing custom reporting, or designing secure data flows between systems like Lithic and Unit21. With cleaner pipelines and fewer manual touchpoints, banks can monitor activity, streamline compliance, and surface strategic insights. 'By collecting all the places we have data and organizing it into useful dashboards, it's now going to be possible to fine-tune our strategy while it's ongoing instead of reacting to end results," said Lindsay Borgeson, President of Partner Banking at Core Bank. Why Tulsa? Tulsa's tech ecosystem has gained national attention after the region's Tech Hub initiative was honored in Fast Company's 2025 World Changing Ideas Awards. Easton says the city's momentum has helped iDENTIFY stay close to the community‑bank market that stretches nationwide. Meet the Banks InBank InBank offers personal, private, business, and commercial banking. It specializes in flexible financing and personalized service for entrepreneurs and growing businesses. Recently, InBank moved its headquarters to Denver's thriving River North district to better serve the region. Academy Bank Academy Bank is a full-service commercial bank with $2.9B in assets and more than 75 banking centers in AZ, CO, KS, AR, and MO. They provide a wide range of financial solutions for business and individuals, including commercial and business banking, treasury management and mortgage. Core Bank Core Bank is a family-owned institution serving Omaha, Kansas City, and Mesa, Arizona. It provides mortgages, construction loans, business banking, and wealth management through a relationship-focused approach.
Yahoo
09-06-2025
- Business
- Yahoo
Arca Continental buys vending-machine firm
Mexico-based Coke bottler Arca Continental has struck a deal to snap up a vending business in the US. The company, a bottler for Coca-Cola in the Americas, is to buy Tulsa-based Imperial. The financial terms of the deal, announced in a brief filing on the Bolsa Mexicana de Valores, were not disclosed. According to the Imperial website, the company also supplies beverages to offices and on-site dining. Just Drinks has contacted Arca Continental for further comment. In March, the group said it was looking to bolster its production and distribution with 18bn ($883m) pesos of investment this year. Arca Continental is spending half the pot on its operations in its home market, with the rest 'primarily' in the US. At the time the business told Just Drinks is looking to open more distribution centres in Mexico and put investment into its factories in the US state of Texas. It said its investment plans for 2025 'primarily focus on our beverage business'. In 2024, Arca Continental generated net sales of 237bn pesos, up 10.9% year on year. Volumes dipped 0.3% to 2.47bn unit cases. Net income stood at 19.56bn, a rise of 11.8% on 2023. The company generates 46% of its net sales in Mexico. In its domestic market, net sales reached 110bn pesos last year, an increase of 9.6%. "Arca Continental buys vending-machine firm" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
