Oklahoma Briefs: Devon speeds some drilling

Devon speeds some drilling

Devon Energy Corp. will accelerate drilling in the southern part of its Haynesville Shale holdings because of success in the area. A San Augustine County well has achieved an average continuous 24-hour flow rate of about 30.7 million cubic feet of natural gas equivalent per day, the company said. Devon operates the well with Crimson Exploration Inc. Officials said the well is believed to be the most successful well ever drilled in the Haynesville Shale.

The Beard Co.’s previously announced 2-for-1 common stock split became effective Monday after markets closed. The shares will begin trading on a post-split basis when the market opens today. Beard Co. President Herb Mee Jr. said the split will boost the number of the Oklahoma City company’s outstanding shares to about 20 million.

Oklahoma City energy company GMX Resources Inc. has completed a previously announced deal with Kinder Morgan Energy Partners LP. GMX and its wholly owned subsidiary, Endeavor Pipeline Inc., have transferred midstream gas gathering, compression, and related equipment to a newly formed Endeavor Gathering LLC, and an affiliate of Kinder Morgan has purchased a 40 percent membership interest in Endeavor Gathering LLC from GMX for $36 million.

Medicare experts will speak in a public forum 8:45 a.m. to 4:15 p.m., Thursday at the Oklahoma Sports Hall of Fame, 4040 N Lincoln Ave. Cost is $10, but freeto the first 100 registrants at www.ok.gov/oid/Medicare_Maze.html. For continuing education credit the event will cost $40. . Medicare’s "open enrollment” is Nov. 15 to Dec. 31. For more information, call (800) 522-0071.

TULSA — Enercon Services Inc. has acquired Beckett & LaRue, an engineering and consulting firm with offices in Marietta, Ga. and Orlando, known for its transmission and distribution system designs.

TULSA — Profits fell for the second quarter at AAON Inc., and the Tulsa company revealed that it has trimmed about a quarter of its work force during 2008, including about 140 people in Tulsa.

The Northwest Chamber is hosting a luncheon with Oklahoma City Mayor Mick Cornett on Wednesday to discuss the MAPS 3 proposal up for a Dec. 8 vote from 11:30 a.m. to 1 p.m. at Incredible Pizza in Warr Acres, 5833 NW Expressway. Cost is $10 for members and $15 for non-members. Call 789-1256or email larissa@thenorthwest

chamber.com.

From staff reports

---

Leave a Comment

Business Photo Galleriesview all