Oklahoma business briefs, Jan. 25

Oklahoma business briefs, Jan. 25
Modified: January 24, 2013 at 8:18 pm •  Published: January 25, 2013
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Gulfport reports production

Gulfport Energy Corp. this week announced production results on two wells in the Ohio Utica Shale. The Oklahoma City energy company's Clay 1-4H well tested at an average sustained 12-hour production rate of 747 barrels of condensate, 5.9 million cubic feet of natural gas and 761 barrels of natural gas liquids per day. Gulfport's Stutzman 1-14H well tested at an average sustained four-hour rate of 21 million cubic feet of natural gas and 945 barrels of natural gas liquids per day.

EARNINGS

BANCFIRST

Oklahoma City-based BancFirst Corp. on Thursday reported a $12.3 million profit for the fourth quarter, up 6.1 percent from $11.6 million for the same period a year ago. For all of 2012, BancFirst booked net income of $51.9 million, up 13.8 percent from $45.6 million in 2011. BancFirst held more than $6 billion in assets at the end of 2012, due to a temporary influx of deposits. BancFirst's total loans grew 7.6 percent from the fourth quarter of 2011 to $3.24 billion. Average total deposits grew 7.4 percent from the same period a year ago to $5.28 billion in the fourth quarter. “Our balance sheet is well-positioned with superior levels of liquidity, asset quality and capital adequacy,” BancFirst CEO David Rainbolt said. BancFirst shares closed at $41.14 on Thursday, down 20 cents a share.

From staff reports