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Oklahoma business briefs for May 7

Oklahoma business briefs for May 7, 2014
Oklahoman Published: May 7, 2014


Pipeline project falls through

A ONEOK Partners LP subsidiary has withdrawn its application to develop a 15-mile pipeline lateral in two Kentucky counties because it was unable to reach an agreement with its customer, the partnership said Monday. Midwestern Gas Transmission — a 400-mile natural gas pipeline that serves the Chicago hub and markets in southern Illinois, Tennessee, Kentucky and Indiana — continues to evaluate opportunities to add throughput to new markets.

Paper group gets Mexican partner

Orchids Paper Products Co. has formed a strategic alliance with one of the largest tissue manufacturers in Mexico as it continues to build toward becoming a national supplier of high-quality consumer tissue products. Orchids expects the arrangement with Fabrica de Papel San Francisco S.A. de C.V. to help it serve customers in the western United States. The Oklahoma-based company also will acquire the Mexican company’s U.S. business in the deal, which will cost it an aggregate of $36.7 million in cash and stock.

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