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2017, Week of July 17th, Through 21th
Legal Action in the City of Chickasha.
The Lawsuit of Tom Word III
Chickasha City Officials will discuss suing the owner of a company that failed to move his business to the region. The city council today will review a proposal to sue Tom Word, III as an individual, to try to collect a $250,000 loan provided to his firm. The Economic Development loan was provided to Word and his company, Word Industries, when the company announced plans to relocate is operation from the Tulsa area. As many as 50 jobs were expected to be created when the announcement was made in December of 2015. The company even put on an exhibition of its innovative "claw" technology, designed to load and unload oilfield pipe on tractor trailors and train cars. The move never materialized. The city already has a lawsuit against the company in attempt to recoup the quarter-million dollars.
Waste Connections Contract Extension
Looks like city officials are happy with the services of Waste Connections, the company that provides trash pick up services. Officials are recommending a contract extension with the company, which has provided sanitation service for the last ten years. The contract with the company expired June 30th, but was extended through July as officials went out for bids to see if they could get a better deal with another company. Waste Connections is being recommended as the lowest and most reponsible bidder. The length of the contract was not immediately known, and it wasn't clear if their may have been a lower bid.
Mineral Rights Public Auction
Also during today's city council meeting, the group will hold a public auction for mineral rights on about 27 acres of land near the airport. The panel will also go behind closed doors to discuss the possible sale of land for undisclosed economic development purposes.
The SCOOP About Bray Haven
The energy industry as you know has a big impact on the local and state economies. Officials with the Oklahoma Oil and Gas Association are working to be more involved with the communities they serve. Bray Haven is a new field rep for the Oil and Gas group. Haven will be working primarily with communities in the SCOOP region, which is the Grady and Garvin county areas; and in the STACK play in the Kingfisher area.
OSU Management Practice/Technology Program
Another big day on tap for Chickasha's OSU Research Station. The summer forage field day will be tomorrow morning at the station, which is just east of town. A number of officials from Oklahoma State University will be providing insight on the latest management practices and technology available to help producers. The program is free. On-site registration starts at 8 a.m. with the program starting at 8:30. Lunch will be provided.
AG Market Meeting
Before the field day, Grady county producers may want to check out the latest ag producers meeting. Justin Lewis with K-I-S Futures will give an overview of the ag market. That program will be at 7 o'clock tomorrow morning, and should be completed before the forage tour at the research station.
Mineral and Natural Gas Report
Crude oil on the NYMEX up 4 percent last week, to $46.08 a barrel. London-based Brent crude just under $49. Natural gas also up 4 percent for the week to $2.98 per million BTUs. Metals had an up week. Gold to $1,229 and silver tops $16.
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