Williams suspends investment
TULSA — The Williams Cos. Inc. has suspended its investment in a planned natural gas liquids pipeline through Kentucky because of low customer interest, the company said Monday. The company continues to talk with potential customers of the Bluegrass Pipeline, which would transport NGLs from the Marcellus and Utica shales to the U.S. Gulf Coast. Williams is a joint venture partner in the proposed pipeline.
Engergy Transfer agrees to deal
Energy Transfer Partners LP has agreed to buy Susser Holdings Corp., an operator of convenience stores and gas stations, in a deal valued at about $1.8 billion. Susser operates 630 Stripes and Sac-N-Pac convenience stores in New Mexico, Oklahoma and Texas. The company said that adding Corpus Christi-based Susser to the more than 5,000 Sunoco stations it bought in 2012 for $5.5 billion will expand Sunoco’s geographic reach. Susser shareholders will choose either $80.25 in cash, 1.4506 Energy Transfer common units, or a combination of both for each share held. The transaction will give Energy Transfer ownership of the general partner interest and incentive distribution rights in Susser Petroleum Partners LP, about 11 million Susser Petroleum common units and Susser Holdings’ retail operations.
Bankers Bancorp adds 2 to board
Bankers Bancorp of Oklahoma Inc. announced the election of Gregg Vandaveer and W.H. “Bill” Croak to its board of directors. Vandaveer is president and CEO of Sooner State Bank in Tuttle. Croak is president and CEO of FNB Community Bank in Midwest City. Both take their director seats this month.
Firm gives $24.5K to heart charity
BKD CPAs & Advisors’ Oklahoma City office said Monday it collected more than $24,500 as part of its annual American Heart Association Heart Walk fundraising campaign. The campaign started Feb. 28. “It is important for a local firm like BKD to be willing to give back to the community whenever possible,” said Kim Shoemake, an audit partner with the firm and former chairman of the local heart association.
FROM STAFF AND WIRE REPORTS