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Deals shift companies' rankings
Mergers, acquisitions and buyouts are among the reasons why several companies are no longer make the Oklahoma Inc. rankings.
Several firms that were among last year's listings of Oklahoma Inc. major companies do not appear in the rankings this year for a variety of reasons.
Some, like North American Galvanizing & Coatings Inc. and Arena Resources, were acquired. Arena was bought out by another Oklahoma Inc. company, SandRidge Energy. North American Galvanizing was bought by a competitor.
Hiland Holdings GP and Hiland Partners LP were taken private by founder and major shareholder Harold Hamm, the Enid oilman who also is chairman of another Oklahoma Inc. company, Continental Resources Inc.
Quest Energy Partners LP and Quest Resource Corp were combined into a new entity, PostRock Energy Corp., which debuts in the Oklahoma Inc. rankings this year.
Two energy-related master limited partnerships were merged into affiliated businesses and among listed companies.
Williams Pipeline Partners LP was merged into Williams Partners LP, a $12 billion restructuring. Similarly, Magellan Midstream Holdings was dissolved and folded into Magellan Midstream Partners.
Nasdaq removed Vaughan Foods' stock from its listings after the Moore company's shares failed to maintain the exchange's minimum price standards.
Finally, Osage Bancshares, which was required to become a public company several years ago because of the manner in which it was created, voluntarily delisted its stock.
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