Mike McDonald, co-owner of Oklahoma City-based Triad Energy Inc., has been named a director of the Oklahoma Energy Resources Board. McDonald has served as a Judge Advocate General at Vance Air Force Base in Enid and as a tax consultant before helping to form Triad Energy in 1981. McDonald is a member and past chairman of the Oklahoma Independent Petroleum Association and the Wildcatters Club of Oklahoma. He is president of the Domestic Energy Producers Alliance.
LRR Energy buys state properties
Houston-based LRR Energy LP has agreed to buy oil and natural gas properties in the Mid-Continent region in Oklahoma and crude oil hedges from its sponsor Lime Rock Resources for $38.2 million. The properties are in Grady, Garvin, Stephens and Carter counties. The transaction is expected to close April 1.
Equal Energy settles lawsuit
Equal Energy Ltd. on Thursday announced a settlement between the company and two shareholders. The energy company in January sued Nawar Alsaadi and Adam Goldstein on claims the shareholders violated U.S. securities laws in publications and statements they made about Equal and its management. Under terms of the settlement, the shareholders did not admit guilt, but they agreed to remove the publications and refrain from publishing similar material. Equal is based in Calgary and its U.S. operations office is in Oklahoma City.
From staff reports