Deals move Oklahoma companies into and out of rankings

Some new Oklahoma companies are expected to debut in next year's Oklahoma Inc., while a few have made their last appearances.

 
BY DON MECOY dmecoy@opubco.com | Published: November 13, 2011    Comment on this article Leave a comment

Several companies have joined the Oklahoma Inc. pantheon, although they're not in this year's rankings because they didn't have a full year of results.

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These newcomers, who should appear in next year's editions of Oklahoma Inc., should boost the rankings' energy-related bent.

Among the public offerings over the past year were two from SandRidge Energy Corp., which seemingly set the standard for such offerings this year in introducing investors to a pair of trusts.

The SandRidge Mississippian Trust, which trades as “SDT,” raised $340 million in April, followed by the SandRidge Permian Trust, “PER,” which at its initial offering grossed $621 million.

Other successful offerings from Oklahoma companies in 2011 included NGL Energy Partners in May and Compressco Partners in June.

Tulsa-based NGL netted $75.5 million from its initial public offering, while Compressco, which trades as “GSJK,” earned $54 million from becoming a public company.

Another planned IPO was canceled in October, robbing investors of a chance to buy into “JAWS.”

Oklahoma City-based Great White Energy Services withdrew its plans for an initial public offering after it was acquired by Bermuda-based Archer Limited.

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