Oklahoma Inc.: Energy shines in latest Oklahoma Inc. rankings

Midstream oil and natural gas companies dominate the Oklahoma Inc. top 10
by Adam Wilmoth Published: November 3, 2013

Another big year for the oil industry helped boost the state economy and land eight energy firms on the Oklahoma Inc. top 10.

While energy led the way again, the tide has shifted, at least among the top ranking companies on the list.

Six of the eight leading energy companies this year are midstream partnerships involved in pipelines, processing plants and other ways to move and treat oil and natural gas. A seventh company builds storage tanks to support that business.

Last year, oil and natural gas producers led the list.

While much of the energy industry is experiencing growth, Tulsa money manager Jake Dollarhide said midstream companies are benefiting from increased oil and natural gas production without facing the risk of commodity prices.

“Midstream is the sweet spot, dragging a lot of investors into the play,” said Dollarhide, CEO of Longbow Asset Management Co. in Tulsa. “Midstream companies are making a toll on the oil and gas regardless of prices.”

Only four companies from last year's top 10 have claimed seats among the elite again this year: Compressco Partners, SemGroup Corp., Matrix Service Co. and Orchids Paper Products Co. Three of the four are related to midstream oil and natural gas operations.

Ranking methods

For more than 15 years, The Oklahoman, with the help of S&P Capital IQ, has ranked the state's publicly traded companies using a system aimed at evaluating profitable growth.


by Adam Wilmoth
Energy Editor
Adam Wilmoth returned to The Oklahoman as energy editor in 2012 after working for four years in public relations. He previously spent seven years as a business reporter at The Oklahoman, including five years covering the state's energy sector....
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