Oklahoma business briefs

Oklahoma business briefs for Feb. 4
Modified: February 4, 2014 at 4:14 pm •  Published: February 4, 2014

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Oklahoma briefs

State offers help buying propane

Oklahoma will begin accepting applications Tuesday from low-income residents who need help with their propane bills. The state has an additional $4 million in federal funds for the Energy Crisis Assistance Program, while utility companies have donated $60,000 to be used in emergencies. Only one payment is available per household, but the program can pay up to $3,600 depending on income. Contact your local state Department of Human Services office for assistance.

Enable seeks pipeline customers

Enable Midstream Partners is looking for customers for a proposed new crude oil gathering and transportation pipeline in North Dakota's Bakken Shale. The system would gather oil in Montrail and Williams counties and transport it to interconnections with downstream pipelines. The binding open season provides potential shippers with the opportunity to make long-term acreage dedications for crude oil gathering and transportation. Written indications of interest are due by March 5.

Adams Hall receives accolades

Adams Hall Wealth Advisors has been included on Financial Planning magazine's third annual list of RIA Leaders: 100 Top Fee-Only Firms, the independent wealth advisory firm announced Monday. Adams Hall Wealth Advisors provides financial advice that is based purely on the needs and interests of clients, while offering a wide range of personalized wealth solutions. The Financial Planning rankings seek to identify the most independent RIA firms that provide holistic planning directly to individuals.

Adams Global assets to be sold

ADDvantage Technologies Group Inc. has struck a deal to sell the bulk of subsidiary Adams Global Communications' assets to Adams Cable Equipment for about $2 million in cash. “We feel that this deal is a strategic decision for ADDvantage as it will help us better focus on our core competency, which entails selling headend and access and transport equipment on a commercial scale to cable companies and larger MSOs (multiple system operators),” CEO David Humphrey said.

ONEOK to redeem $400M in notes

ONEOK Inc. said Monday it plans to redeem its $400 million of outstanding 5.2 percent senior notes due 2015. The notes will be redeemed at a price equal to the principal amount and a make-whole amount, plus accrued and unpaid interest. Repayment is expected March 5. The company said it expects to pay about $429 million, including interest. ONEOK said it plans to use proceeds from the $1.13 billion it received from ONE Gas, which it spun off last week.

Citizens Bank names new CEO

Citizens Bank of Edmond has promoted Executive Vice President Jill Castilla as its new president and CEO. Castilla will take over the top position from C.H. Wyatt, who joined Citizens in 2009. Castilla previously served Citizens as its chief operating officer, chief credit officer and chief financial officer as well as a member of its board of directors.

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