Paragon Films, an Oklahoma-based stretch film manufacturer, has started construction on a 70,000sft expansion of its warehouse facility in North Carolina. The expansion of the facility is anticipated to be wrapped up next February 2024. It is estimated to create 14 new roles in Alexander County. Paragon Films CEO Darin Tang said: “This warehouse expansion […]
US-based oil producer Continental Resources has signed an agreement to be acquired by an entity owned by its founder Harold G. Hamm and his family in a deal worth $27bn. The acquisition will be made by Oklahoma-based Omega Acquisition which is owned by Harold Hamm. Under the terms of the agreement, Omega Acquisition will initiate […]
Diversified Energy Company has agreed to acquire certain upstream assets and associated facilities in Oklahoma and Texas from ConocoPhillips for $240 million. The acquisition will give Diversified Energy an interest in nearly 1,500 producing wells in an acreage of 250,000 net acres. It marks the sixth major acquisition for the company within the Central Region […]
Clubby Seltzers, an Oklahoma-based independent craft seltzer said that it has closed its Series A funding round with an undisclosed amount. The funding round was led by Lane Gibbs and Matt Whitaker, two of the craft seltzer’s founding partners, and a consortium of individual investors, who included Fort Worth’s Cody Campbell and John Sellers from […]
BancFirst Corporation, a state chartered bank in Oklahoma, has agreed to acquire Texas-based Worthington National Bank for an undisclosed price. Worthington National Bank is an Office of the Comptroller of the Currency (OCC) chartered bank. As of 30 September 2021, the bank had nearly $462.6 million in total assets, loans of $269 million, and deposits […]
Duke Energy Renewables’ largest wind farm in its portfolio – the 350MW Frontier II wind farm in Oklahoma has begun commercial operations, as announced by the company on 16 March 2021. The wind farm, located in Kay County, is an expansion of the 200MW Frontier Windpower project, that has been operating since 2016. The Frontier […]
Duke Energy Renewables has started commercial operations at the 350MW Frontier Windpower II project in Kay County, Oklahoma. The Frontier Windpower II project is an expansion of the 200MW Frontier Windpower project, which has been in operations since 2016. The two wind farms in Oklahoma put together can power nearly 193,000 average-size households. Powered by […]
Davies Group, a UK-based professional services and technology firm, has acquired Johnson Claim Service, a transportation claims specialist in the US that offers third party administration (TPA), adjusting and appraisal services. The financial terms of the deal have not been disclosed. Based in Tulsa, Oklahoma, Johnson Claim Service provides specialist end-to-end claims solutions mainly to […]
Bison, an Oklahoma based water infrastructure, logistics, and technology solutions provider, has acquired Woody Creek Midstream, a water midstream company in the South Central Oklahoma Oil Province play (SCOOP play). Financial terms of the deal were not disclosed by the parties. Woody Creek Midstream is anchored by a gathering agreement for more than 15 years […]
Devon Energy has agreed to acquire rival Oklahoma-based oil and gas company WPX Energy in an all-stock deal worth $2.56 billion. The merger of the companies is expected to create a major unconventional oil producer in the US with a combined enterprise value of around $12 billion. The asset base of the enlarged oil and […]