Oklahoma business briefs for Aug. 7

Oklahoma business briefs for Aug. 7, 2014
Oklahoman Published: August 7, 2014
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Oklahoma briefs

LegalShield names new CEO

— The company formerly known as Pre-Paid Legal Services has tabbed a new CEO. Jeff Bell joined LegalShield after 20 years of experience with companies like Microsoft, Chrysler and NBCUniversal. “Having Jeff join LegalShield is a great step forward for the company as we continue to raise awareness around the need for affordable legal protection,” said Rip Mason, who became the company’s executive chairman to make way for Bell. “Jeff’s ability to raise consumer awareness, and lead the industry’s best sales and service team will allow LegalShield to address one of the most important challenges our society faces — ensuring affordable and quality legal counsel for every American.” The company changed its name to LegalShield after it was bought by a New York-based private equity firm in 2011.

Enid association gets $900K grant

Enid’s Community Development Support Association Inc. has been awarded more than $900,000 in federal funding to provide services for young people, the U.S. Department of Labor announced Wednesday. The department’s YouthBuild grants support academic and occupational skills training for at-risk youth. It awarded more than $73 million in grants on Wednesday. “YouthBuild offers thousands of young people the tools, resources and opportunities they need to punch their ticket to the middle class,” U.S. Secretary of Labor Thomas E. Perez said. “These federal grants are part of our broader effort to invest in the future of our nation’s youth and help them climb the ladder of opportunity.”

EARNINGS

Gulfport Energy Corp.

Gulfport Energy Corp. on Wednesday reported net income of $47.9 million, or 56 cents a share, for the second quarter. That is up from $43.8 million, or 57 cents a share, for the same period of last year. Gulfport also nearly tripled its production to 26,725 barrels of oil equivalent a day. The company expects to continue boosting production in the third quarter, to an average 40,000 barrels a day.

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