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Auction, funds to benefit wildfire victims
The Oklahoma Oil & Gas Association (OKOGA), the Coalition of Oklahoma Surface and Mineral Owners (COSMO) and Burns & Stowers, P.C. have joined forces to raise $30,000 for Oklahoma farmers and ranchers affected by recent wildfires. The funds will serve as seed money for the auction of a steer donated by Sen. Eddie Field’s family, OYE participants, on Friday at 4 p.m. at the Oklahoma Youth Expo (OYE).
The auction will be held in the Jim Norick Arena at the Oklahoma State Fairgrounds. The $30,000 seed money and the full funds raised from the auction will go to support OYE families impacted by recent wildfires. The event is open to the public.
“Our companies are proud to support Oklahoma’s young farmers whose dedication has been on full display this week as they worked to salvage what they could of their family farms and still compete in the Oklahoma Youth Expo,” OKOGA President Chad Warmington said. “These kids are truly remarkable.”
Newfield Energy, Devon Energy, Cimarex Energy, FourPoint Energy, Marathon Oil and Chesapeake Energy contributed to OKOGA’s donation share of $15,000. COSMO and Burns & Stowers donated the remaining $15,000.
“We recognize the tremendous value of Oklahoma’s vast and diverse natural resources, and the families that help harvest those resources,” COSMO Executive Director Terry Stowers said. “The generosity and caring spirit exhibited by Sen. Field’s children in deciding to donate their hard-earned premiums to help fellow Oklahomans in this great time of needs is very inspiring.”
Panhandle elects 3 to board of directors
Panhandle Oil and Gas Inc. shareholders last week elected one new director and re-elected two incumbent directors.
New director Mark T. Behrman of Oklahoma City and incumbent directors Paul F. Blanchard Jr. and Darryl G. Smette, both of Edmond, were elected to serve three-year terms ending in 2020.
Robert A. Reece retired from the Company’s board of directors. Mr. Reece had served on the board since 1986.
Munding will lead petroleum engineer team
Paul Munding has joined Oklahoma City-based Flogistix as vice president of petroleum engineering, the company said this week. Munding is responsible for overseeing a team of master-level engineers that perform in-depth economic analysis to optimize well production for customers.
Munding has more than 15 years oil and gas industry experience focused on completions, production and reservoir engineering. He has a bachelor’s degree in petroleum engineering from the University of Oklahoma and is a certified professional engineer.
“Paul is a dynamic leader with deep industry knowledge and experience,” Flogistix CEO Mims Talton said. “His expert counsel and ability to provide innovative solutions to increase well performance will provide great value to our team and our customers.”
Enable Midstream earns 2 Ammy awards
Enable Midstream recently received two Alerian MLP Awards, known as Ammys, at a recent industry celebration in Houston. The Second Annual Ammys Dinner, hosted by Alerian co-founder Gabriel Hammond, recognized excellence across the master limited partner industry.
Matt Beasley, Enable’s senior director of investor relations, accepted the awards on behalf of the company for Highest Large-Cap MLP Total Return and Highest Large-Cap MLP Risk-Adjusted Return. Enable had a 91 percent total unit holder return for 2016.
“It’s an honor for the company to be recognized among its peers for the results we achieved in 2016,” Beasley said. “The solid returns we had last year are a testament to our employees’ focus on customer service, operational excellence and financial discipline.”