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Mark Yates joins The Wind Coalition

Mark Yates has been named Oklahoma director for wind energy advocacy group The Wind Coalition.

Yates joins The Wind Coalition from the Oklahoma Farm Bureau’s public policy division. A native of Pauls Valley, he received a bachelor’s degree in history education from East Central University and a master’s degree in secondary administration.

Yates will coordinate advocacy, education and community relations’ efforts across Oklahoma promoting the positive economic benefits that the wind industry is delivering to Oklahoma ratepayers and communities.

“Mark knows and loves rural Oklahoma and has shown tremendous commitment to growing the economy,” The Wind Coalition President Jeffrey Clark said. “As we continue to grow and invest in the state, we are thrilled to add him to our Oklahoma team.”

FieldPoint completes Apache assets sale

Austin-based FieldPoint Petroleum Corp. has completed the sale of its 25 percent working interest in a waterflood project in Caddo County for $900,000.

The project consists of 23 producing and nine injection wells in the Apache field. FieldPoint sold the assets to a private exploration and production company. FieldPoint said it used the proceeds from the sale to repay $600,000 in debt and to pay outstanding lease expenses related to the project.

“Today’s transaction is another step toward regaining compliance with the terms of our bank debt, and with the NYSE American listing requirements,” FieldPoint President Phillip Roberson said. “We plan to continue to exit low-margin noncore assets and concentrate on acquiring operated properties where we have a better ability to control operating costs.”