Williams gets new board member
TULSA — Williams Cos. Inc. this week named Ralph Izzo to the company's board, expanding the body to 11. President and CEO of Public Service Enterprise Group Inc., Izzo has more than 20 years experience as a senior executive in the energy industry. “Ralph brings significant leadership experience in the North American energy industry to the Williams board,” said Alan Armstrong, Williams' president and CEO. “Ralph's deep knowledge across multiple disciplines of the energy industry and his background in science, public policy and business provide added strength to our board.”
Williams plans plant in Canada
TULSA — Williams Cos. Inc. this week said it will build the first propane dehydrogenation facility in Canada. The proposed Alberta plant is designed to increase Williams' production of polymer-grade propylene, which is a key feedstock for plastics manufacturing. Williams is the only company in Canada producing the chemical. When completed in the second quarter of 2016, the facility is expected to produce up to 1.1 billion pounds of polymer-grade propylene, with the opportunity to double capacity with future expansion.
Reese creates training firm
EDMOND — Edmond-based energy marketing firm Reese Energy Consulting said Thursday it has created Reese Energy Training Inc., which provides energy industry training for nearly all positions ranging from new hires and field employees to midlevel management and executives. “After training through third-party providers for years, I looked to create an energy training company that attracted real-world professionals with the same passion I have for sharing unique perspectives and insights into today's energy industry possesses, technologies and decision-making,” CEO Steve Reese said.
Triad Energy co-owner joins OERB
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