Oklahoma business briefs for June 21

Oklahoma business briefs for June 21, 2104
Oklahoman Published: June 21, 2014
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Oklahoma briefs

Well Checked sells equity

Tulsa-based Well Checked Systems has completed a sale of $1.4 million in Series A preferred equity. The investment was led by $300,000 in financing each from the i2E Inc.-managed Oklahoma Seed Capital Fund, the OKAngel Sidecar Fund and the SeedStep Angels. The remaining $500,000 was committed by other investors. Founded in 2012, Well Checked Systems specializes in remote oil and gas well site video monitoring, reporting, alerting and video data storage and retrieval. “The recent investment from i2E will allow Well Checked to continue our growth and expansion in the Midcontinent region,” Well Checked President Bob Haefner said.

ONEOK to build new units

— A subsidiary of Tulsa-based ONEOK Inc. has received approval from the U.S. Environmental Protection Agency to build two new units at its existing natural gas processing plant near Houston. ONEOK Hydrocarbon said it plans to spend $800 million on the expansion, which will process natural gas liquids into propane, butane and other products. “EPA will continue working with companies to ensure they have the permits they need,” EPA Regional Administrator Ron Curry said.

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