Officials dig up utility line spots
State officials are reminding residents to check for underground pipelines or utility lines before they dig. April has been designated as Safe Digging Month by Gov. Mary Fallin. Call Okie, the state’s one-call system, will mark underground facilities for anyone who calls 811 or (800) 522-OKIE. “Many people wrongly think that they should only check if they are digging a deep hole,” Oklahoma Corporation Commission Chairman Bob Anthony said. “You can hit a line even if you’re digging relatively shallow holes, such as those for planting a small tree or a mailbox post. Erosion, soil shifting, and other factors can change how close a line is to the surface.”
Chesapeake joins national group
The board at Chesapeake Energy Corp. joined the National Association of Corporate Directors in the first quarter. Chesapeake was among more than 50 corporate boards to join the organization during the first three months of 2014. “As NACD full board members, these companies demonstrate their commitment to advancing exemplary board leadership,” association CEO Ken Daly said. “Companies’ membership with NACD showcases their directors’ passion for sharpening their strategic agility to drive stakeholder confidence and enterprise sustainability.” The association’s network now includes more than 1,000 full board members ranging from Fortune 50 corporations to small- and mid-cap companies, as well as private companies and not-for-profit organizations.
American Energy hires executive
American Energy Partners LP has hired Curt Launer as its senior vice president of capital formation, the company announced this week. Launer, 58, will maintain an office in New York City as he focuses primarily on direct investor relationships. He is joining the company from Deutsche Bank, where he had been a leading equities research analyst and investment banker.
ONEOK’s dividend shows gain
TULSA — ONEOK Inc. on Thursday increased its quarterly cash dividend by 40 percent to 56 cents a share. “This latest dividend increase – our first as a pure-play general partner of ONEOK Partners – is further evidence of our ongoing commitment to deliver sustainable, long-term value to our shareholders in the form of increased dividends,” CEO Terry K. Spencer said. “We expect that increased distributions that ONEOK receives from ONEOK Partners, driven primarily by completed capital-growth projects from the partnership’s previously announced $6 billion to $6.4 billion capital-investment program, will strengthen ONEOK’s cash flow available for dividends and enable ONEOK to continue increasing the dividend to shareholders.” The dividend will be paid on May 15, the same day ONEOK Partners will pay its quarterly cash distribution of 74.5 cents a unit.
Osage starts new Logan Co. well
Osage Exploration and Development Inc. began drilling a new horizontal well this week in Logan County. “Our program of drilling, completing, and bringing new wells on line is in full swing,” CEO Kim Bradford said. “Less than eight hours after releasing the rig from the Mississippian well, we were able to spud the new Woodford well.”
Wind farm gives $50K to museum
The 235-megawatt Chisholm View wind project being developed in Garfield and Grant counties has donated $50,000 to the Leonardo’s Children’s Museum capital campaign in Enid. The art and science museum, which is trying to raise $8 million for renovations and an endowment, is planning an interactive energy exhibit that will spotlight wind. “On behalf of Chisholm View Wind Project, we are excited to continue to work with the local community through the donation to Leonardo’s,” said Nick Lincon, director of business development with project owner Enel Green Power North America. “We look forward to seeing the donation contribute to the planned improvements at the museum and ultimately the large population of children who visit Leonardo’s annually.” The project is being developed by TradeWind Energy.
American Electric Power honored
American Electric Power, the parent company of Tulsa-based Public Service Co. of Oklahoma, has earned the 2014 Outstanding National Key Accounts Customer Service Award from the Edison Electric Institute. It is the seventh time the Ohio-based utility company has received the award for providing superior service to multi-site customers, while national account executive Barry Mosser earned an individual award for the 10th time. “AEP’s customers are the backbone of our business, so we are dedicated to building strong relationships with them and providing a level of service that exceeds expectations,” CEO Nicholas K. Akins said. “We are honored to receive this prestigious award from our national account customers and the Edison Electric Institute.”
Riley-FieldPoint work progresses
Blanchard-based Riley Exploration Group has finished drilling on its second well in its Ranger Project partnership with FieldPoint Petroleum Corp., the Austin-based company announced this week. The companies expect to complete the well later this month, once electricity and production facilities are available. FieldPoint said earlier this year the partners intend to drill as many as 12 wells in the Taylor Sand formation this year.
Farmers adds oil leadership
Farmers National Co. has tabbed David Smith as its senior vice president for oil and gas management, the Nebraska-based company announced this week. Smith, who operates out of the company’s Tulsa office, will oversee Farmers National’s oil, gas and mineral management department. The company currently manages more than 4,850 farms comprising more than 2.1 million acres in 24 states. It also is one of the largest independent mineral management firms in the country, managing more than 120,000 oil and gas interests in 40 states.
From Staff Reports