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Oklahoma business briefs, July 26

Oklahoma business briefs for July 26, 2014
Oklahoman Published: July 26, 2014
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Oklahoma briefs

Barrett Trailers sells to Stoughton

Wisconsin-based Stoughton Trailers LLC has agreed to buy Purcell-based Barrett Trailers LLC, which manufactures gooseneck stock trailers, groundload livestock trailers and semi livestock trailers. Stoughton Trailers said it will keep the Barrett name. “We are very pleased to add Barrett to our portfolio,” Stoughton Trailers President Robert Wahlin said. “Barrett’s commitment to quality fits very well with our vision, and we plan on increasing production in this marketplace.”

Mid-Con Energy buys oil reserves

Mid-Con Energy Partners LP and its Mid-Con Energy Properties LLC, have agreed to buy oil reserves in Creek County for $56.5 million. The Dallas-based energy company said it will buy the estimated 2.6 million barrels of oil equivalent in the Oilton Field with 2.2 million units of Mid-Con Energy Partners stock and $4.5 million in cash. The deal is expected to close Aug. 5.

Panhandle Inc. offers dividend

Panhandle Oil and Gas Inc. directors have declared a quarterly dividend of 8 cents per share payable Sept. 4 to shareholders of record on Aug. 21.

From Staff Reports