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Sparq breaks ground on CNG station

TULSA — Oklahoma City-based Sparq Natural Gas this week broke ground on state’s largest capacity public compressed natural gas station in Tulsa.

In partnership with Timmons Oil Co., Dericks Leasing & Financial Co. and J-W Power, the new Tulsa station will include J-W Power’s PowerFill technology, which is designed to speed the fueling process. The station is Sparq’s 10th nationwide and fifth in Oklahoma.

Located at the Timmons Oil Co. yard at 13003 E Admiral Place in Tulsa, the facility will include two high-flow, heavy-duty CNG nozzles and two light-duty nozzles. The station is scheduled to open by the end of the year.

“Sparq is committed to providing Oklahoma natural gas vehicle operators a regional network of high performing, attractive and conveniently located CNG stations,” Sparq CEO Norman Herrera said. “CNG offers fleets and consumers, a lower price at the fuel pump while burning a cleaner, Oklahoma-produced fuel.”

Gulfport names Westerman as director

Paul D. Westerman has been named a director at Oklahoma City-based Gulfport Energy Corp., the company said. Westerman also has been appointed to the board’s compensation and nominating and corporate governance committees.

Westerman has been a trustee and director of the Westerman Family trusts and Westerman Interest Inc. since 1999. He also has been senior executive vice president and chief business development officer of J-W Energy Co. He has a bachelor’s degree in petroleum engineering from the University of Oklahoma and is a Registered Professional Engineer in Texas.

“We are very pleased that Paul has decided to join the Gulfport board of directors,” Gulfport CEO Michael G. Moore said. “He holds over 35 years of energy industry experience and possesses technical expertise that will further strengthen our board.”

SemGroup to sell pipeline interest

TULSA — SemGroup Corp. has agreed to sell its 50 percent interest in Glass Mountain Pipeline LLC to an affiliate of BlackRock Inc.’s Global Energy and Power Infrastructure Fund for $300 million, SemGroup said Thursday.

Glass Mountain Pipeline, LLC is a joint venture owned equally between SemGroup Corp. and NGL Energy Partners LP. SemGroup subsidiary Rose Rock Midstream serves as the pipeline operator. The 215-mile Glass Mountain Pipeline delivers crude oil from the Mississippi Lime and Granite Wash plays to Cushing.

Construction on a 44-mile pipeline extension is expected to be complete by the end of the year and operational by first quarter 2018. The extension will deliver crude oil from north-central Oklahoma’s STACK and Merge plays to Cushing.

“This accretive transaction is the first step of our capital raise plan that is associated with the funding of the second payment for the acquisition of Houston Fuel Oil Terminal Company,” SemGroup CEO Carlin Conner said. “During the past year, SemGroup has made significant strides on our strategy to de-risk our portfolio by capturing downstream, refinery-facing growth on the Gulf Coast while also leveraging our positions in the Mid-Continent and in Canada.”

Martin Instrument expands territory

Survey and construction equipment dealer Martin Instrument has expanded its offerings to Oklahoma, the Austin, Texas-based company said.

Billy Musick has been named sales manager in Oklahoma. He has more than 29 years of experience in surveying and is a licensed land surveyor in the state.

“The Martin Instrument team has worked really hard over the past several years taking care of our customers and we are very proud and excited that Trimble has granted us this additional territory,” Martin Instrument President Bobby Hempfling said. “We’re looking forward to getting out there, meeting people and bringing the same excellent level of customer service to all of Oklahoma.”

Panhandle’s reserves jump 36 percent

Panhandle Oil and Gas Inc.’s estimated total proved reserves jumped 36 percent in fiscal year 2017, which ended Sept. 30, the company said Thursday.

Panhandle finished the year with almost 167 billion cubic feet equivalent in reserves, up from 124 billion one year earlier. Nearly 112 billion equivalent cubic feet, or about 66 percent, are considered proved developed, the company said.

Also this week, Panhandle directors approved a quarterly dividend of 4 cents a share, payable Dec. 7 to shareholders as of Nov. 22.