This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Rendering Of GE's New Oil & Gas Technology Center In Oklahoma City. (Graphic: Business Wire)

Stocks in this article: GE

GE (NYSE:GE) today announced the selection of a site in Downtown Oklahoma City for the company’s first-ever Global Research Center dedicated to Oil & Gas technology. GE’s new Center will create 130 high-tech jobs and is expected to have a direct and indirect economic impact of $13 million on the state and local economies. GE has invested approximately $14 billion in its Oil & Gas business globally since 2007; this new Center represents yet another example of GE’s commitment to building broad technical capabilities that can deliver productivity gains and foster innovation for its Oil & Gas customers and the industry.

The new Center will be located on a site at 10 th and Walnut Avenue, near downtown Oklahoma City. Michael Ming, General Manager of GE’s new Center, will speak about the new site during a speech before the Greater Oklahoma City Chamber of Commerce’s Friday Forum. Ming will be joined by GE’s Chief Technology Officer, Mark Little, Oklahoma City Mayor Mick Cornett and a host of other State, local and university leaders.

Ming said, “New technological breakthroughs in Oil & Gas are transforming the world’s energy landscape in ways unimagined just a decade ago. The new Center’s close proximity to many of our customers and the State’s great university network and engineering talent will allow us to accelerate the development of new technologies. Governor Fallin, Mayor Cornett, the Oklahoma City Urban Renewal Association, local business and community leaders have provided immeasurable support for the Center, a vital ingredient in the selection of today’s site.”

The Center will focus on accelerating mid- to later-stage Oil & Gas technologies developed in GE’s Global Research labs, including production systems, well construction, water use optimization, CO2 solutions, and energy systems .

Oklahoma Governor Mary Fallin said, “In April, we celebrated news of GE’s decision to invest and establish their Oil & Gas R&D center in our great State. Today, we mark another milestone that shows how this vision is quickly becoming a reality. GE’s new Oil & Gas Technology Center will not only make a great addition to the Oklahoma City skyline, it will be a beacon for attracting international attention from Oil & Gas partners around the world who value GE’s technology excellence in the energy sector. By establishing such strong research and development roots, we are planting new seeds of growth that will lead to more jobs and more economic activity for Oklahomans.”

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs