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Oklahoma business briefs for Aug. 21, 2013

Devon Energy, PVR Partners sell gas gathering, treating and processing assets in Wyoming
Published: August 21, 2013
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OKLAHOMA BRIEFS

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

— 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.

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