Pipeline project falls through
TULSA — A ONEOK Partners LP subsidiary has withdrawn its application to develop a 15-mile pipeline lateral in two Kentucky counties because it was unable to reach an agreement with its customer, the partnership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
PRYOR — 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.
LSB reaches production target
After several shut downs for maintenance and repairs, Oklahoma City-based LSB Industries Inc. said Thursday that it ran its anhydrous ammonia plant in Pryor for the entire month of April at its targeted production rate of about 650 tons per day. This month, the Pryor plant also resumed production of urea and urea–ammonium nitrate solution.
Group buys producing properties
EnerVest Ltd. and its joint venture partner FourPoint Energy LLC have purchased producing properties in the Western Anadarko Basin from an undisclosed seller for $275 million. The deal, which is expected to close by June 30, includes acreage and producing wells in the Granite Wash formation in Beckham, Custer, Dewey, Ellis, Roger Mills and Washita counties in Oklahoma and Hansford, Hemphill, Ochiltree, Roberts and Wheeler counties in Texas.
From Staff Reports