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.”

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