Devon, PVR sell Wyoming assets
Devon Energy Corp. and PVR Partners LP have sold natural gas gathering, treating and processing assets in Wyoming to Meritage Midstream Services II LLC. The Colorado-based midstream services company acquired full ownership of Thunder Creek Gas Services LLC. Terms were not disclosed. Thunder Creek, which was established in 1998, owns more than 500 miles of gas gathering pipelines and various other treatment, processing and handling facilities. “The Thunder Creek system is a great addition to the significant midstream footprint we are building in one of the country's most exciting emerging shale basins,” Meritage CEO Steve Huckaby said. “The Powder River Basin is home to multiple oil and liquids-rich formations.”
Saker buys Phoenix stock
BARTLESVILLE — A Pennsylvania-based aviation company specializing in ground-based services has acquired 100 percent of the stock of Phoenix Rising Aviation Inc., a maintenance, repair and overhaul firm in Bartlesville. For the deal, announced Tuesday, Saker Aviation Services Inc. made a $1.35 million cash payment with up to $1 million more in potential installment payments over the next three years. Phoenix Rising specializes in servicing Dassault Falcon jets.
Pharmacists name president
The Oklahoma Pharmacists Association, a nonprofit organization that promotes the pharmacy profession, has named Josh Sheffield its president. Sheffield is co-owner of Comfort Care Pharmacy in Del City, Cornwell Pharmacy in Guthrie, Don Coody Pharmacy in Bethany and Lawton Heritage Compounding Pharmacy in Lawton. He is also a hospice pain management consultant serving 17 hospices in the Oklahoma City area. Sheffield graduated from the University of Oklahoma College of Pharmacy with a doctorate in pharmacy, where he currently serves as an assistant clinical professor, and was recently appointed board member of Pharmacy Providers of Oklahoma.
Funds OK'd for aviation programs
The Oklahoma Aeronautics Commission has approved nearly $115,000 in funding for aerospace and aviation education programs in the state. The University of Oklahoma's Sooner Flight Academy will receive $53,000 to provide scholarships for summer camps in 2014. Other grants include $30,000 for STARBASE Oklahoma, $14,843 for the Aviation Career Exploration Camp through Metro Technology Center Aviation Campus and the Federal Aviation Administration Mike Monroney Aeronautical Center, $5,000 for FIRST Robotics, $5,000 for the Oklahoma Engineering Foundation and $6,890 for Francis Tuttle Technology Center for its Boeing 737 mechanic program.
Equal Energy rejects proposal
The directors of Oklahoma City-based Equal Energy Ltd. on Tuesday unanimously rejected the nonbinding expression of interest it received last week from Montclair Energy LLC. Equal directors said they rejected the proposal in part because it undervalued the company.
Saratoga Roofing hits peak
Saratoga Roofing and Construction was the highest-ranked Oklahoma company in the Inc. 5000 list with a three-year growth rate of 5,328 percent. Saratoga, which has revenues of $29.3 million, ranked No. 51 overall. Forty-five other Oklahoma companies were included in the ranking.
From Staff Reports