Equal Energy Ltd. plans to strengthen its presence in Oklahoma after it concluded a strategic review, the Canadian company announced last week. Equal intends to relocate its technical leadership team from Calgary to Oklahoma City, while adding financial and other specialists focused on its U.S. operations. “The strategic review and our plans for the future are based on a balanced and prudent approach,” CEO Don Klapko said. “We foresee an increase in commodity prices as the global economy improves, but we also need to be mindful of the risks involved in the volatile sector in which we operate.” Equal sold its last western Canadian assets last month, leaving its holdings in central Oklahoma's liquids-rich Hunton natural gas field as its principal remaining asset.
Kimray given award for its hiring
Oklahoma City oil-field equipment manufacturer Kimray Inc. claimed the No. 4 spot among manufacturers in Inc.'s Hire Power Awards, which recognize the private businesses that have generated the most jobs in the past three years. Kimray created 82 positions from 2008 to 2011 and ranked No. 3 of Oklahoma companies behind Paycom Payroll and Consulting Services Inc. “Being recognized in the top 10 private business job creators in both the state of Oklahoma and the manufacturing industry is a significant accomplishment for Kimray,” Kimray President and CEO David Hill said.
Energy group sets Tulsa meeting
Energy industry and civic leaders will hold a conference in Tulsa in April to discuss regional oil and natural gas producing areas, including the Mississippi Lime, Granite Wash and Cana-Woodford Shale. The Developing Unconventional Gas Midcontinent Conference will be April 22-23 at the Renaissance Tulsa Hotel and Convention Center.
From Staff Reports