News Column

Oklahoma energy briefs, July 11, 2014

July 11, 2014

The Oklahoman, Oklahoma City



July 11--Gulfport Energy Corp. has appointed Aaron Gaydosik as its chief financial officer, the Oklahoma City-based company announced Thursday. Gaydosik most recently was vice president of finance at Kodiak Oil and Gas Corp., an independent energy company with operations focused primarily in North Dakota'sWilliston Basin. "We are excited to welcome Aaron to Gulfport's senior management team. Aaron brings a wealth of knowledge and understanding of the energy capital markets from his tenure in investment banking," Gulfport Chairman David L. Houston said. "Additionally, his recent position with an exploration and production company adds valuable industry experience to the Gulfport team. We are confident that Aaron will play an integral role at Gulfport as we continue to develop our world class assets and execute on our program in 2014 and beyond."

Chesapeake gets top HR ranking

Chesapeake Energy Corp. has been named one of the country's top companies for human resources by Workforce magazine. The Oklahoma City-based oil and gas producer ranked No. 16 in the magazine's inaugural rankings, which measured performance in seven core areas. "Our transformed HR team works tirelessly to build a platform of competitive human resource programs to benefit the entire Chesapeake community," said Jay Hawkins, the company's vice president of human resources. "We are now focusing on enhancing the partnership between the business and our HR professionals, as well as providing meaningful training and professional development programs to help advance the careers of all Chesapeake employees. By offering world class human resource programs, we are able to recruit and retain the best talent from across the country." Chesapeake was the only Oklahoma company on the list and one of only two energy companies, with London-based BP at No. 69.

J.P. Morgan joins wind project

A consortium led by J.P. Morgan will invest about $400 million in a couple of Oklahoma wind farms, developer Enel Green Power North America Inc. announced this week. The capital contribution agreement will help fund the 150-megawatt Origin wind project in Garvin, Murray and Carter counties and the 200-megawatt Goodwell project in Texas County and Hansford County, Texas. "We are pleased to have reached this agreement, which further demonstrates EGP's commitment to North America, where we have grown in a diversified manner, encompassing all the renewable technologies, from hydro to solar, from geothermal to wind," Enel Green Power CEO Francesco Venturini said. "Specifically, in the wind sector, we have tripled our installed capacity in North America in the last four years." The Origin project is expected to be in service in the fourth quarter, while the Goodwell project will be completed in late 2015.

Court gives Equal sale final nod

Equal Energy Ltd. has received a final order from a Canadian court approving its sale to Petroflow Energy Corp., the Oklahoma City company announced Thursday. Equal shareholders signed off on the Petroflow acquisition at a special meeting on Tuesday. Petroflow will pay $5.43 a share for all outstanding Equal shares, plus an additional cash dividend of 5 cents a share. The deal is expected to close by July 31.

Kirby-Smith to carry Vacuworx

Oklahoma City-based Kirby-Smith Machinery Inc. has been named the official distributor for Vacuworx in Oklahoma and North Texas. Vacuworx is a leading manufacturer of vacuum lifting technology and heavy-duty material handling equipment for oil and natural gas, water, sewer and construction industries. "Kirby-Smith is known throughout the heavy-duty equipment industry for the reliability and performance of the product lines it carries," Vacuworx President Bill Solomon said. "Not only are our Vacuworx Lifting Systems compatible with carrier equipment such as the cranes, excavators and loaders stocked and maintained by Kirby-Smith Machinery, but this new business relationship between Kirby-Smith Machinery and Vacuworx is also a good fit based on our mutual interest in both innovation and a desire to support the industries and communities we serve."

From Staff Reports

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Source: Daily Oklahoman (Oklahoma City)


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